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GOOD MORNING OCTOBER 30, 2014

Co-Ag Annual Stockholders Meeting Is Wednesday, November 5th
At The Centerplace.

2426 N Discovery Pl, Spokane Valley, WA 99216
Sign in at 9:30 Meeting is from 10:00-12:00
Lunch Will Be Served At Noon
Click Here For Directions





 

 
 

 
 



 



Co-Ag Farm

Recently there have been many questions about wether or not an HTA contract is feasible right now....so let's find out.
Starting today, I sold 1 (5000bu) September 2014 Chicago (ZWU14) futures contract at 6.14, cash today was at 6.85.  That gives me a starting basis point of +71.  Today's nearby basis is +1.18.  If the Septemeber basis runs to anything close to that number it will be great, and will add to what would have been a 6.85 cash sale.   However, if the basis goes the other way it will be taking away from what would have been a 6.85 cash sale, and if it goes negative it will really hurt!

I'll also do the same with a December 2014 Chicago contract (ZWZ14) sold at 6.29, cash at 6.95 with a +66 starting basis to see is the later months fare any better or turn out worse. 

*UPDATE*
Today I locked the basis on the DEC HTA contract at 1.53 positive basis, giving me a cash price of 7.82 far surpassing what I could have sold the cash for when I started the hedge.  So in this case, yes the HTA contract worked again, even while starting at a positive basis.  Would I do another today?  No.  Today's basis levels are much to high in my opinion with much more downside risk than upside potential. 


 I'll update weekly to track how this HTA contract is working out.

Take a look at the Co-Ag Farms J.V. Link to find out more.
 


Local Cash Bids
 
SOFT WHITE WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  542'0 @W4Z Chart
 November  542'0 @W4Z Chart
 December  542'0 @W4Z Chart
 January  554'6 @W5H Chart
 August  577'2 @W5U Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  607'4 @KW4Z Chart
 November  607'4 @KW4Z Chart
 December  607'4 @KW4Z Chart
 January  611'6 @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  582'4 @MW4Z Chart
 November  582'4 @MW4Z Chart
 December  582'4 @MW4Z Chart
 January  593'0 @MW5H Chart

BARLEY
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  NONE Chart
 November  NONE Chart
 December  NONE Chart
 January  NONE Chart

PARDINA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  NONE Chart

BREWER/MERRITT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  NONE Chart

GREEN PEAS
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  NONE Chart

YELLOW PEAS
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  NONE Chart

CANOLA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  NONE Chart
 November  NONE Chart

Price as of 10/30/14 11:39AM CDT.
Month Symbols
Click to view more Cash Bids

FSC & Discounts

Fuel Surcharges       
Wheat               Barley

 

$.040 per bu   $1.45 per ton

 


Protein Discount Scales
14.0% DNS (+20, -40c/.25% from 14% to 15.5%)
11.5% HRW (+0c, -4c/.5% from 11.5% to 13%)

Wheat & Barley prices are quoted FOB Portland. Elevator differentials and storage charges apply.

Pea, Lentil, and Oilseed prices are grower prices.  Receiving and storage charges apply.

*minus storage & $4.50 handle for net grower price(oats only).  Extra freight @ Chewelah $8/tn, K Falls $10/tn


Canola price is FOB Co-Ag elevator.

 


My Market Watch
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Commodities
C4Z 374'6 -0'4
S4X 1028'0 -15'0
W4Z 540'0 7'4
O4Z 338'0 -5'4
Stocks
MSFT 45.8500 -0.7700
WMT 76.3200 -0.0700
XOM 93.740000 -0.850000
TWX 79.7970 1.1870



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Our Market Comments
Wheat futures are currently up 1.  Wheat moves above nearby technical resistance as global demand remains strong and more headlines start to circulate regarding potential production hiccups in the Black Sea region.  Not only is Russia's production being closely monitored, but now there is more talk circulating that Kazakhstan production could be overstated. Lets not forget we also have too much rain in parts of Argentina and too little rain in parts of Australia that are causing production concerns. Many bulls are becoming more deeply concerned about "quality."

Pea & Lentil bids -  05/06/14 - Green/Yellow Peas and Pardina's are slightly up.  Regular Lentils are limited.  PL480 tenders - pricing continues on the low end.

 

Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 538'2 545'4 532'4 542'0 3'6 538'2 11:28A Chart for @W4Z Options for @W4Z
Mar 15 553'6 558'0 544'6 554'6 3'6 551'0 11:28A Chart for @W5H Options for @W5H
May 15 557'6 565'0 552'6 562'2 4'2 558'0 11:28A Chart for @W5K Options for @W5K
Jul 15 565'4 571'4 560'2 569'0 3'2 565'6 11:28A Chart for @W5N Options for @W5N
Sep 15 575'0 578'2 570'2 577'2 1'2 576'0 11:28A Chart for @W5U Options for @W5U
Dec 15 592'4 595'0 583'0 591'4 3'0 588'4 11:28A Chart for @W5Z Options for @W5Z
Mar 16 596'6 604'4 596'6 604'0 5'6 598'2 11:29A Chart for @W6H Options for @W6H
May 16 600'0 603'6 Chart for @W6K Options for @W6K
Jul 16 601'2 601'2 601'2 601'2 0'0 601'2 11:28A Chart for @W6N Options for @W6N
Sep 16 608'2 5'2 608'2s 11:28A Chart for @W6U Options for @W6U
Dec 16 610'0 610'0 610'0 610'0 7'2 616'4s 11:28A Chart for @W6Z Options for @W6Z
Mar 17 617'6 7'2 617'6s 11:28A Chart for @W7H Options for @W7H
May 17 600'0 0'6 600'0s 10/29 Chart for @W7K Options for @W7K
Jul 17 597'6 7'2 597'6s 08:47A Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 606'0 611'6 599'4 607'2 0'6 606'4 11:28A Chart for @KW4Z Options for @KW4Z
Mar 15 611'0 616'2 604'4 611'6 0'4 611'2 11:28A Chart for @KW5H Options for @KW5H
May 15 615'4 617'4 606'4 613'4 1'0 612'4 11:28A Chart for @KW5K Options for @KW5K
Jul 15 605'6 610'6 601'0 608'4 2'2 606'2 11:28A Chart for @KW5N Options for @KW5N
Sep 15 616'4 617'0 610'4 615'0 -0'6 615'6 11:28A Chart for @KW5U Options for @KW5U
Dec 15 633'6 633'6 625'2 628'4 -0'6 629'2 11:28A Chart for @KW5Z Options for @KW5Z
Mar 16 635'0 637'0 Chart for @KW6H Options for @KW6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 581'4 586'4 575'6 582'4 0'0 582'4 11:28A Chart for @MW4Z Options for @MW4Z
Mar 15 592'4 596'6 586'6 593'0 0'4 592'4 11:28A Chart for @MW5H Options for @MW5H
May 15 602'0 605'0 596'6 596'6 -4'4 601'2 11:28A Chart for @MW5K Options for @MW5K
Jul 15 609'6 612'0 607'0 612'0 1'4 610'4 11:28A Chart for @MW5N Options for @MW5N
Sep 15 617'4 619'4 613'4 619'4 1'0 618'4 11:28A Chart for @MW5U Options for @MW5U
Dec 15 630'0 635'0 629'0 634'2 0'6 633'4 11:28A Chart for @MW5Z Options for @MW5Z
Mar 16 643'2 643'2 640'0 640'0 -3'2 643'2 11:28A Chart for @MW6H Options for @MW6H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 374'6 381'0 371'4 375'2 0'0 375'2 11:28A Chart for @C4Z Options for @C4Z
Mar 15 388'0 394'2 384'2 387'6 -0'6 388'4 11:28A Chart for @C5H Options for @C5H
May 15 397'0 402'4 393'0 396'2 -0'6 397'0 11:28A Chart for @C5K Options for @C5K
Jul 15 403'0 408'2 399'0 402'4 -1'0 403'4 11:28A Chart for @C5N Options for @C5N
Sep 15 408'6 413'2 405'2 408'0 -1'2 409'2 11:28A Chart for @C5U Options for @C5U
Dec 15 416'0 420'0 412'0 415'4 -0'6 416'2 11:28A Chart for @C5Z Options for @C5Z
Mar 16 423'6 428'0 421'0 423'6 -0'6 424'4 11:28A Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 1042'4 1053'6 1027'0 1030'2 -12'6 1043'0 11:28A Chart for @S4X Options for @S4X
Jan 15 1048'4 1059'2 1031'6 1036'0 -13'0 1049'0 11:28A Chart for @S5F Options for @S5F
Mar 15 1056'0 1066'2 1038'6 1042'2 -13'6 1056'0 11:28A Chart for @S5H Options for @S5H
May 15 1062'6 1072'4 1045'4 1048'2 -14'4 1062'6 11:28A Chart for @S5K Options for @S5K
Jul 15 1069'0 1078'4 1051'2 1054'4 -14'6 1069'2 11:28A Chart for @S5N Options for @S5N
Aug 15 1068'6 1068'6 1051'2 1056'0 -11'6 1067'6 11:28A Chart for @S5Q Options for @S5Q
Sep 15 1040'0 1040'0 1026'0 1030'0 -10'6 1040'6 11:28A Chart for @S5U Options for @S5U
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 14 169.400 169.950 169.100 169.450 0.450 169.000 11:27A Chart for @LE4V Options for @LE4V
Dec 14 166.925 168.000 166.100 166.650 - 0.100 166.750 11:28A Chart for @LE4Z Options for @LE4Z
Feb 15 167.150 168.500 166.875 167.350 - 0.025 167.375 11:28A Chart for @LE5G Options for @LE5G
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 14 86.095 86.585 86.075 86.095 0.059 86.036 11:28A Chart for @DX4Z Options for @DX4Z
Mar 15 86.300 86.700 86.275 86.275 0.071 86.204 11:28A Chart for @DX5H Options for @DX5H
Jun 15 86.550 86.685 86.430 86.430 0.041 86.389 11:25A Chart for @DX5M Options for @DX5M
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Rosalia, WA
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Rosalia, WA
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