To view Pride Ag Resources Historical Prices and Basis click here.
As you are well aware of, the grain futures markets have been very volatile because of the Russia/Ukraine conflict. Now basis is becoming just as volatile. At this point, we are going to buy new crop wheat against the September futures with a September basis. There is a significant inverse from the July to the September, and traders are unwilling to buy July wheat. They are quoting off the September futures. For as long as most of us have been in the grain business, we have not encountered these same circumstances, and we understand there are a lot of unknowns at stake. Please call the main office, and we’ll be happy to discuss the options we have in regards to forward contracting July wheat.
Pride Ag Resources
The 2022 KS Wheat Harvest begins this week! We want to remind everyone to be extra cautious on the road. Some farm equipment can travel no faster than 15-25 mph and is wider than the lane.
- Slow down early
- Be patient
- Pass with extreme caution
Let's make this a safe harvest season for everyone.
- Triple Digit Bounce in Hogs
- Front month lean hog futures went into the weekend with $1.60 to $3.10 gains. For the July contract, that limited the week’s loss to just 8 cents. USDA’s National Average Base Hog price for Friday afternoon was $120.23 after a $0.59 drop. The ECB price was withheld for confidentiality while...
- Soy Bounces into Weekend
- The relief rally got the soy market back off the floor ahead of the weekend. Soybeans closed 5 3/4 to 17 1/2 cents higher in the front months – but closed a dime off the highs. From Friday to Friday, November soybeans dropped $1.13 1/4 per bushel. Meal prices ended...
- Wheat Closed Red after Failed Rally
- Wheats initially tried to bounce into the weekend, but ended the day with double digit losses. CBT SRW went home 12 1/4 to 13 3/4 cents in the red on Friday, with July having closed $1.10 1/2 below last week. KC HRW ended the day 12 1/2 to 13 cents...
- Cotton Drops Hard into Weekend
- The cotton market continued its selloff with another triple digit Friday loss. July, now in deliveries with no limits, fell 3,256 points or nearly 24%. That took the price to $1.03 76/100 a level not seen since the turn of the calendar. New crop futures were also 396 to 421...
- Cattle Close Friday Mixed Mostly Lower
- Live cattle futures ended the day with gains limited to 17 cents and front month losses limited to 50 cents. Feeder cattle futures went home with $1.55 to $2.35 losses on Friday as feed cousts rebounded. USDA reported the bulk of Southern cash trade was near $137 this week with...
- Friday Recovery in Corn Market
- The corn market ended the week with double digit new crop gains to a 3 1/2 cent gain in July. For the full week, December corn was down by 57 cents. Data from the EIA is still delayed due to a systems issue. USDA reported the weekly average corn oil...
Services:
Advantage Secure : Special financing options for approved customers to finance Chemical, Seed, Fertilizer and Application . 0-2% for A& B Credit backed by Winfield United
Advantage GFI : Marketing program utilizing forward grain contracts to purchase forward input needs. The program allows mechanisms for the customer to contract grain in months of historical highs to pay for inputs. Example , contract New Crop 2022 grain for 2023 inputs.
Advantage RX: Under development, Prescription of Seed, Fertility, etc. that provides a level
- Crop Plan: PAR Agronomy Business Manager: Fertility plan, Seed plan, Herbicide and fungicide plan. If there is a claim, we will need invoices for verification. Soil sample to start and fields mapped.
- Warranty on production – level TBD based on farm qualifications.
Pride Ag Reosurces is here to help with your Hedging and Market needs. Click here for additional information.
Pride Ag Resources is excited to announce our "New Pride Ag Resources app" powered by Bushel. Download the free App from Google Play Store or Apple App Store.
Locations
Grain Elevators
Beeler Branch 101 S Main Beeler, KS 67518 Phone: (785) 848-2224 |
Cimarron Branch 122 S Main Cimarron, KS 67835 Phone: (620) 855-3421 |
Dodge City 708 W.Trail Dodge City, KS 67801 Phone: (620) 227-8671 |
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Ensign Branch |
Ford Branch |
Grey Branch |
|
Haggard Branch |
Hanston Branch |
Howell Branch |
|
Ingalls Branch |
Jetmore Branch |
Kalvesta Branch |
|
Kingsdown Branch |
Montezuma Branch |
Saddle Road Branch |
Agronomy Facilities |
ACE Hardware Retail Stores |
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Beeler - Agronomy 101 S Main Beeler, KS 67518 Phone: (785) 848-2224 |
Dodge City Feedmill 708 W Trail Dodge City, KS 67801 Phone: (620) 227-8671 |
Ensign 706 Bent Street Ensign, KS 67801 Phone: (620) 865-2221 |
Ace Dodge City 401 W. Trail Dodge City, KS 67801 Phone: (620) 225-0067 |
Ace Lyon's 1121 W. Main Lyon's, KS 67554 Phone: (620) 257-5000 |
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Ingalls Fertilizer |
Montezuma Fertilizer |
Richland Valley |
Ace Meade |
Ace Maize |
Car Care Centers
Jetmore Car Care
1220 S Main
Jetmore, KS 67854
Phone: (620) 357-5414
Locations
Grain Elevators
Beeler Branch 101 S Main Beeler, KS 67518 Phone: (785) 848-2224 |
Cimarron Branch 122 S Main Cimarron, KS 67835 Phone: (620) 855-3421 |
Dodge City 708 W.Trail Dodge City, KS 67801 Phone: (620) 227-8671 |
|
Ensign Branch |
Ford Branch |
Grey Branch |
|
Haggard Branch |
Hanston Branch |
Howell Branch |
|
Ingalls Branch |
Jetmore Branch |
Kalvesta Branch |
|
Kingstown Branch |
Montezuma Branch |
Saddle Road Branch |
Agronomy Facilities |
|
Beeler - Agronomy 101 S Main Beeler, KS 67518 Phone: (785) 848-2224 |
Dodge City Feedmill 708 W Trail Dodge City, KS 67801 Phone: (620) 227-8671 |
Ingalls Fertilizer |
Montezuma Fertilizer |
ACE Hardware Retail Stores |
|
Ace Dodge City 401 W. Trail Dodge City, KS 67801 Phone: (620) 225-0067 |
Ace Lyon's 1121 W. Main Lyon's, KS 67554 Phone: (620) 257-5000 |
Ace Meade 923 W Carthage Meade, KS 67864 Phone: (620) 873-2234 |
Ace Maize 5204 N Maize Maize, KS 67101 Phone: (316) 722-0181 |
Car Care Centers
Jetmore Car Care
1220 S Main
Jetmore, KS 67854
Phone: (620) 357-5414