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USDA Daily Market Rates 02/26

DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)

Effective: February 26, 2024

The following Market Rates are established to aid in the development of the
Posted
County Prices (PCPs) which are used by county Farm Services Agency (FSA) Offices
for loan redemption
purposes. Uses of these rates for other purposes may not be appropriate.

Questions concerning the grain, pulses and oilseed market values should be
directed to:
Agricultural Marketing Service/Warehouse & Commodity Management
Division/Commodity Management Branch
at: (816) 926-3816

THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/26/2024

                             COMMODITIES

         Wheat (BU)         Wheat (BU)      Wheat (BU)      Wheat (BU)
MARKET   HRW                HRS             SRW             SWW

AMA      5.09 */(17)

CIN                                         4.69 */(37)

EVN                                         5.84 */(38)

GLF      7.24 */(18) */(19)                 6.54 */(39)
              */(20) */(21)                                                   
              */(22)                                                          

KCM      6.99 */(23)                        5.59 */(40)

MEM                                         5.92 */(41)

MIN      7.24 */(24) */(25) 6.78 */(15)

PNW      7.34 */(26)        7.05 */(16)                     6.60 */(43) */(44)

TOL                                         5.39 */(42)     5.39 */(45)

WCD      7.34 */(27) */(28)                                 6.60 */(46)


THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/26/2024

                             COMMODITIES

           Wheat (BU)           Corn (BU)            Barley (BU)
MARKET     HAD                  YC                   BRL

AMA                             4.45 */(47)

CIN                             3.92 */(48)

GLF                             4.60 */(49) */(50)   4.78  */(1)
                                     */(51) */(52)                     

KCM                             4.15 */(53)          4.43  */(2)

LOS       10.40 */(11)    */A

MEM                             4.18 */(54)

MIN        9.55 */(12)    */B   3.87 */(55)          4.18  */(3)  */(4)
                                                           */(5)       

PNW       10.05 */(13)    */C   5.40 */(56) */(57)   4.75  */(6)  */(7)

TKO                             4.07 */(58) */(59)
                                     */(60)                            

TOL                             3.68 */(61)

WCD       10.45 */(14)    */D   5.40 */(62)          5.20  */(8)  */(9)
                                                          */(10)       


                             DURUM DISCOUNTS
*/A LOS DISCOUNT   ($-0.75) FOR AMBER DURUM AND ($-1.00) FOR DURUM
*/B MIN DISCOUNT   ($-1.00) FOR AMBER DURUM AND ($-1.40) FOR DURUM
*/C PNW DISCOUNT   ($-1.10) FOR AMBER DURUM AND ($-1.50) FOR DURUM
*/D WCD DISCOUNT   ($-0.75) FOR AMBER DURUM AND ($-1.00) FOR DURUM

THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/26/2024
                             COMMODITIES

         Oats (BU)          Soybeans (BU)      Grain Sorghum (CWT)
MARKET   OAT                YSB                SOR

CIN                        11.35 */(63)        7.71 */(31)

GLF                        12.03 */(64) */(65) 8.63 */(32)
                                 */(66) */(67)                   
                                 */(68) */(69)                   
                                 */(70)                          

KCM                        11.28 */(71)

MEM                        11.53 */(72)        8.69 */(33)

MIN      4.20 */(29)       11.13 */(73) */(74)

NCD                                            7.67 */(34)

PNW      3.85 */(30)       12.68 */(75)

SCD                                            7.23 */(35)

TKO                        11.38 */(76) */(77)

TOL                        11.03 */(78)

WCD                                           10.61 */(36)


COMMODITIES            
BRL - Barley           
HAD - Durum            
HRS - Hard Red Spring  
HRW - Hard Red Winter  
OAT - Oats             
SOR - Sorghum          
SRW - Soft Red Winter  
SWW - Soft White Wheat 
YC  - Yellow Corn      
YSB - Yellow Soybeans  

MARKET REGIONS
GLF - Gulf Marketing Area
KCM - Kansas City Marketing Area
MIN - Minnesota Marketing Area
PNW - Pacific Northwest
WCD - West Coast Domestic
LOS - Los Angeles, CA
AMA - Amarillo, TX
CIN - Cincinnati, OH
MEM - Memphis, TN
NCD - North Central Domestic
SCD - South Central Domestic
EVN - Evansville, IN
TOL - Toledo, OH
TKO - Decatur, IL

****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 02/26/2024 *****
POSTED COUNTY PRICE DIFFERENTIAL INFORMATION (Cents per bushel except as noted)
UNTIL FURTHER NOTICE THE TERMINAL MARKETS LISTED BELOW WILL HAVE DIFFERENTIALS
ADJUSTED AS FOLLOWS:

(1)   GLF BRL differentials add -0.34 cents/bu        (Effective 2/26/2024)
(2)   KCM BRL differentials add -0.31 cents/bu        (Effective 2/26/2024)
(3)   MIN BRL differentials in MT add 0.00 cents/bu   (Effective 6/25/2020)
(4)   MIN BRL differentials in WY add 0.00 cents/bu   (Effective 6/30/2023)
(5)   MIN BRL differentials add -0.10 cents/bu        (Effective 2/26/2024)
(6)   PNW BRL differentials in MT add 0.00 cents/bu   (Effective 7/5/2023)
(7)   PNW BRL differentials add -0.24 cents/bu        (Effective 2/26/2024)
(8)   WCD BRL differentials in ID add 0.00 cents/bu   (Effective 6/30/2023)
(9)   WCD BRL differentials in MT add 0.00 cents/bu   (Effective 6/30/2023)
(10)  WCD BRL differentials add -0.13 cents/bu        (Effective 2/26/2024)
(11)  LOS HAD differentials add 0.20 cents/bu         (Effective 12/26/2023)
(12)  MIN HAD differentials add 0.37 cents/bu         (Effective 2/23/2024)
(13)  PNW HAD differentials add 0.30 cents/bu         (Effective 12/26/2023)
(14)  WCD HAD differentials add 0.10 cents/bu         (Effective 12/26/2023)
(15)  MIN HRS differentials add -0.01 cents/bu        (Effective 2/14/2024)
(16)  PNW HRS differentials add 0.06 cents/bu         (Effective 2/26/2024)
(17)  AMA HRW differentials add 0.00 cents/bu         (Effective 1/13/2023)
(18)  GLF HRW differentials in OK add 0.00 cents/bu   (Effective 7/17/2018)
(19)  GLF HRW differentials in KS add 0.00 cents/bu   (Effective 8/21/2023)
(20)  GLF HRW differentials in CO add 0.00 cents/bu   (Effective 9/19/2023)
(21)  GLF HRW differentials in NE add 0.00 cents/bu   (Effective 10/17/2023)
(22)  GLF HRW differentials add -1.06 cents/bu        (Effective 2/12/2024)
(23)  KCM HRW differentials add -1.23 cents/bu        (Effective 2/21/2024)
(24)  MIN HRW differentials in SD add 0.00 cents/bu   (Effective 10/11/2023)
(25)  MIN HRW differentials add -1.37 cents/bu        (Effective 2/26/2024)
(26)  PNW HRW differentials add -1.22 cents/bu        (Effective 2/14/2024)
(27)  WCD HRW differentials in CA add 0.00 cents/bu   (Effective 6/25/2020)
(28)  WCD HRW differentials add -1.47 cents/bu        (Effective 2/14/2024)
(29)  MIN OAT differentials add -0.78 cents/bu        (Effective 2/26/2024)
(30)  PNW OAT differentials add -0.30 cents/bu        (Effective 2/21/2024)
(31)  CIN SOR differentials add -0.24 cents/cwt       (Effective 2/12/2024)
(32)  GLF SOR differentials add -0.77 cents/cwt       (Effective 2/22/2024)
(33)  MEM SOR differentials add -1.08 cents/cwt       (Effective 1/29/2024)
(34)  NCD SOR differentials add -0.49 cents/cwt       (Effective 2/12/2024)
(35)  SCD SOR differentials add 0.00 cents/cwt        (Effective 11/29/2023)
(36)  WCD SOR differentials add -2.10 cents/cwt       (Effective 2/26/2024)
(37)  CIN SRW differentials add 0.00 cents/bu         (Effective 9/26/2023)
(38)  EVN SRW differentials add -0.02 cents/bu        (Effective 2/14/2024)
(39)  GLF SRW differentials add -0.52 cents/bu        (Effective 2/2/2024)
(40)  KCM SRW differentials add 0.23 cents/bu         (Effective 2/20/2024)
(41)  MEM SRW differentials add -0.16 cents/bu        (Effective 2/21/2024)
(42)  TOL SRW differentials add 0.36 cents/bu         (Effective 2/22/2024)
(43)  PNW SWW differentials in ID add 0.00 cents/bu   (Effective 6/2/2017)
(44)  PNW SWW differentials add -0.48 cents/bu        (Effective 2/12/2024)
(45)  TOL SWW differentials add 0.00 cents/bu         (Effective 2/12/2024)
(46)  WCD SWW differentials add -0.48 cents/bu        (Effective 2/12/2024)
(47)  AMA YC  differentials add -0.13 cents/bu        (Effective 1/30/2024)
(48)  CIN YC  differentials add 0.10 cents/bu         (Effective 2/23/2024)
(49)  GLF YC  differentials in MN add 0.00 cents/bu   (Effective 6/25/2020)
(50)  GLF YC  differentials in MO add 0.00 cents/bu   (Effective 8/21/2023)
(51)  GLF YC  differentials in IA add 0.00 cents/bu   (Effective 12/19/2023)
(52)  GLF YC  differentials add -0.29 cents/bu        (Effective 2/21/2024)
(53)  KCM YC  differentials add -0.11 cents/bu        (Effective 2/20/2024)
(54)  MEM YC  differentials add -0.07 cents/bu        (Effective 2/20/2024)
(55)  MIN YC  differentials add 0.02 cents/bu         (Effective 2/21/2024)
(56)  PNW YC  differentials in ND add 0.00 cents/bu   (Effective 6/25/2020)
(57)  PNW YC  differentials add -0.92 cents/bu        (Effective 2/9/2024)
(58)  TKO YC  differentials in WI add 0.00 cents/bu   (Effective 9/11/2023)
(59)  TKO YC  differentials in IL add 0.06 cents/bu   (Effective 1/16/2024)
(60)  TKO YC  differentials add -0.09 cents/bu        (Effective 2/21/2024)
(61)  TOL YC  differentials add 0.00 cents/bu         (Effective 11/28/2023)
(62)  WCD YC  differentials add -0.67 cents/bu        (Effective 2/9/2024)
(63)  CIN YSB differentials add -0.10 cents/bu        (Effective 2/22/2024)
(64)  GLF YSB differentials in MS add 0.00 cents/bu   (Effective 6/29/2023)
(65)  GLF YSB differentials in LA add 0.00 cents/bu   (Effective 6/29/2023)
(66)  GLF YSB differentials in AL add 0.00 cents/bu   (Effective 6/29/2023)
(67)  GLF YSB differentials in MO add 0.00 cents/bu   (Effective 8/21/2023)
(68)  GLF YSB differentials in MN add 0.00 cents/bu   (Effective 9/12/2023)
(69)  GLF YSB differentials in IA add 0.00 cents/bu   (Effective 1/16/2024)
(70)  GLF YSB differentials add -0.48 cents/bu        (Effective 2/26/2024)
(71)  KCM YSB differentials add -0.18 cents/bu        (Effective 2/21/2024)
(72)  MEM YSB differentials add -0.24 cents/bu        (Effective 2/16/2024)
(73)  MIN YSB differentials in WI add 0.00 cents/bu   (Effective 9/12/2023)
(74)  MIN YSB differentials add -0.08 cents/bu        (Effective 2/26/2024)
(75)  PNW YSB differentials add -1.00 cents/bu        (Effective 2/26/2024)
(76)  TKO YSB differentials in IL add 0.00 cents/bu   (Effective 9/11/2023)
(77)  TKO YSB differentials add -0.18 cents/bu        (Effective 2/8/2024)
(78)  TOL YSB differentials add 0.00 cents/bu         (Effective 2/12/2024)

MINOR OILSEEDS


THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
02/26/2024 ALL PRICES PER CWT.


MARKET   CAN   CRA   RAP   FLX   MUS   SAF   SEM   SUN

ARL    17.92

AUG    17.92

CAR          18.58

COL                                  50.00

COR                                  50.00

FAR                      22.93                   14.50

GFK                            55.00

GRF                18.00 23.21 55.00

LAM                                              15.70

PAR                                        20.00

RDW    19.12             22.77

RIC                                  50.00

VEL    19.27

COMMODITIES:                               MARKETS:
CAN -   CANOLA                             ARL - ARLINGTON, GA
CRA -   CRAMBE                             AUG - AUGUSTA, GA
RAP -   RAPESEED                           CAR - CARRINGTON, ND
FLX -   FLAX                               COL - COLUSA, CA
SEM -   SESAME SEED                        COR - CORCORAN, CA
SUN -   SUNFLOWER SEEDS (OIL TYPE)         FAR - FARGO, ND
SAF -   SAFFLOWER                          GFK - GRAND FORKS, ND
MUS -   MUSTARD (INCLUDES):                GRF - GREAT FALLS, MT
        YMU - YELLOW                       LAM - LAMAR, CO
        BMU - BROWN                        PAR - PARIS, TX
        CMU - ORIENTAL                     RDW - RED WING, MN
        XMU - MIXED                        RIC - RICHMOND, CA
                                           VEL - VELVA, ND
                                           


PULSES


THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
02/26/2024.  ALL PRICES PER CWT.

MARKET   CHL   CHK   LEN   PEA

USP    40.67 31.67 41.07 14.01

COMMODITIES:                 MARKETS:
CHL - LARGE CHICKPEAS
CHK - SMALL CHICKPEAS        USP -  United States Pulses
LEN - LENTILS
PEA - PEAS*
        YPE - YELLOW
        GPE - GREEN


* ALSO INCLUDES, WRINKLED, DRY, WINTER DRY (AUSTRIAN WINTER),
MISCELLANEOUS (MARROWFAT - TYPE PEAS), MIXED.


COTTON PRICES
               
UPLAND COTTON ADJUSTED WORLD PRICE (AWP), FINE COUNT ADJUSTMENT (FCA), COARSE
COUNT ADJUSTMENT (CCA), and
MARKETING LOAN GAIN/LOAN DEFICIENCY PAY RATE (LDP) effective 12:01 a.m. Eastern
Time, Friday, 02/23/24,
through midnight Eastern Time, Thursday, 02/29/24:
                               
AWP = 75.12 cents per pound
FCA 2022 crop = 1.36 cents per pound
FCA 2023 crop = 1.61 cents per pound
CCA = 0.00 cents per pound
LDP Rate = 0.00 cents per pound, subject to allowable fine count or coarse count
adjustment.

The next scheduled AWP, FCA, CCA, and LDP announcement will be at 4:00 p.m.
Eastern Time, Thursday, 02/29/24.

The following world prices of rice are effective from 02/21/24 at
7:00 am eastern time until the next announcement occurs.  The next
price announcement is scheduled for 02/28/24 at 7:00 am eastern time. 

                                  .    Rates Per Hundredweight Rough
         Rates Per Pound For      .      Rice for Farm-Stored and
         Milled Rice Kernels      .      Warehouse Loans and LDPs
_____________________________________________________________________
                                  .

2022 CROP
                                  .      World        Loan Market 
         World           Loan     .      Market        Gain and     
         Price           Rate     .      Index         LDP Rate   
          ----Cents/Pound----     .       ---$/Hundredweight---
                                  .
Long      24.87         11.13     .      19.55         0.00  
Med/Short 24.56         10.49     .      19.72         0.00  
Broken    14.46          6.47     .         na           na       
_____________________________________________________________________
                                  .
2023 CROP                         .      World        Loan Market 
         World           Loan     .      Market        Gain and   
         Price           Rate     .      Index         LDP Rate   
          ----Cents/Pound----     .       ---$/Hundredweight---
                                  .
Long      25.37        11.15     .      20.08         0.00
Med/Short 24.87         10.44     .      20.04       0.00   
Broken    15.35          6.74     .         na           na              
_____________________________________________________________________
The above prices are based on the following loan rates, world prices
and milling yields per hundredweight of rough rice:

2022 CROP
        Loan Rate   World Price   .       Whole/Broken Yield
          ------ $/Cwt ------     .           (Pounds/Cwt)
                                  .
Long        6.81        15.23     .          50.62/18.25
Med/Short   6.93        16.16     .          60.20/9.50

2023 CROP
        Loan Rate   World Price   .       Whole/Broken Yield
          ------ $/Cwt ------     .           (Pounds/Cwt)
                                  .
Long        7.00       15.93      .          53.50/15.38
Med/Short   7.00       16.60      .          60.37/10.35

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