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      West Central AGRI Services  
West Central Ag Grain Comments  12/31/18 1:58:39 PM

 Happy New Year!   Thanks to all who supported WCAS last year.

Let us take a look back at a year ago: 

Today nearby corn is 52 cents higher, New crop corn is 24 cents higher this year.  

Today nearby soybeans are 66 cents lower, or 96 cents higher when you factor in the $1.62 gov’t assistance.  New crop soybeans are 30 cents lower.  
Today nearby wheat is $1.07 higher.  New crop wheat is $1.05 higher.   

 

  Futures Basis   Futures Basis   Cash prices Cash prices 2017 vs 2018
  12/29/2017 12/29/2017 12/31/2018 12/31/2018 12/29/2017 12/29/2017  
Mar Corn $3.51 ($0.30) $3.83 ($0.10) $3.21 $3.73 $0.52
Dec 18 Corn $3.84 ($0.40)     $3.44    
Dec 19 Corn     $3.98 ($0.30)   $3.68 $0.24
               
Mar Soyb $9.62 ($0.78) $8.98 ($0.80) $8.84 $8.18 ($0.66)
Nov 18 Soyb $9.76 ($0.85)     $8.91    
Nov 19 Soyb     $9.37 ($0.75)   $8.62 ($0.29)
               
Mar CBT Wht $4.27 ($0.50) $5.14 ($0.30) $3.77 $4.84 $1.07
July 18 CBT Wht $4.53 ($0.75)     $3.78    
July 19 CBT Wht     $5.23 ($0.40)   $4.83 $1.05
 
 
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