Mission Statement "To grow profitablility, retire shareholder equity, and provide sound employment opportunities while striving to keep the local communities strong."
We have 20% of 2012 crop on the books. With current market situattions being so voliatile, I have offers in at 7.50 for a DEC12 HTA contract and this will get me to 25% sold and if it goes above this I will price even more. Since we have 85% coverage with CRC, anything above 6.84 is becoming more attractive, especially in the cash market. Basis levels have not been as favorable for the SEP12 HTA's recently, but that could change very quickly.
Take a look at the Co-Ag Farms J.V. Link to find out more.
Our Market Comments
Futures closed down 6. Talk of export restrictions and legitiamte weather concerns for new crops have been the driving forces behind the latest rally. Wheat futures are called slightly lower after closing up for the 6th day yesterday. Weekly wheat exports were 604,700 MT for 2011/12 marketing year and 14,000 MT for 2012/13 marketing year this morning. Egypt’s GASC expects to buy another 500,000 MT of wheat between now and the end of June having purchased over 4 MMT since July 1st
Pea & Lentil bids - There is a light at the end of the lentil pipelline! Some lentils at the low end of the offer list have been purchased. Still offers only, with pardina indications at $30.00 and regulars at $32.00. Demand is very light through the holidays. There is pea demand at current levels, but not enough to boost prices. USDA tenders for all commodities have done nothing to boost prices with modest quantities and low prices offered from the Midwest.
Barley- Feed wheat is putting pressure on the barley market.
