Agricultural News
Oklahoma Grain Elevator Cash Bids as of Wednesday afternoon February 9, 2011
Wed, 09 Feb 2011 17:11:47 CSTPLEASE note- these are cash grain prices from TUESDAY as the State of Oklahoma closed on Wednesday due to the winter storm that went through the state.
Here is the text of the National Grain Report from Wedneday afternoon- which includes hard red winter wheat cash prices up about 16 cents per bushel- pushing the upper end of local grain elevator bids in Oklahoma around nine dollars per bushel.
"All grains were sharply higher on bullish news concerning USDA's Supply and
Demand report. Corn is testing the 7.00 mark on shrinking global and domestic
stocks. Corn's domestic ending stocks to use are matching the tightest level on
record at 5 percent. Corn will have a very tight margin of error when planting
season arrives as acreage and yields will be watched carefully. Soybeans were a
beneficiary of the corn market as soybean stocks were neutral. Wheat had world
ending stocks decreasing slightly and domestic stocks unchanged. Wheat closed
15-17 cents higher. Corn traded mostly 24 cents higher. Soybeans closed 15-19
cents higher."
Note that in bold below we have the updated and correct closing price for Wednesday for Canola.
Oklahoma City, OK Tue Feb 08, 2011 OK Dept of Ag-USDA Market News
Oklahoma grain elevator cash bids as of 2:00 pm Tuesday, Feburary 8, 2011.
U.S. No 1 HARD RED WINTER WHEAT: 18 to 20 cents higher. 8.06-8.87
Davis 8.06, Keyes 8.62, Miami 8.70, Frederick, Hooker, Lawton, Temple 8.72,
Clinton, Weatherford 8.77, Shattuck 8.79, Alva, Banner, Buffalo, El Reno,
Hobart 8.82, Manchester 8.83, Cherokee, Perry, Stillwater 8.84, Medford, Ponca
City 8.86, Eldorado, Geary, Okarche, Okeene, Watonga 8.87,
Gulf 9.63 1/2.
MILO: 1 to 2 cents lower. 10.16-11.05
Frederick 10.16, Keyes 10.51, Hooker, Weatherford 10.60, Miami 10.89, Alva,
Buffalo 10.92, Ponca City 10.98, Manchester, Medford, Shattuck 11.05,
Gulf 12.61.
SOYBEANS: 9 to 14 cents higher. 13.14-13.84
Shattuck 13.14, Hooker 13.19, Alva, Buffalo 13.35, Medford 13.44,
Ponca City 13.49, Stillwater 13.56, Miami 13.84, Gulf 15.00.
CORN: 1 cent lower. 6.19-6.47
Manchester 6.19, Ponca City 6.25, Keyes 6.39, Miami 6.40, Hooker 6.47,
Gulf 7.19 1/2.
CANOLA: 25 cents higher. 10.45 (as of Wednesday afternoon)
Grade 41, Leaf 4, Staple 34 Cotton in Southwestern Oklahoma Averaged
165.00 cents per pound.
Source: Oklahoma Dept of AG-USDA Market News, Oklahoma City, OK
Johnny Roberts Telephone (405)-522-3752
Market Recording 405-621-5533
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