Welcome



Mission Statement
"To grow profitablility, retire shareholder equity, and provide sound employment opportunities while striving to keep the local communities strong."



GOOD MORNING AUGUST 22, 2014

Co-Ag took the ALS Ice Bucket Challenge.
Click here to watch it



Harvest 2014
2014 Harvest Commodity Delivery Locations

2014 Elevator Differentials
Canola Information

 Planning on delivering to MGT or MGT

Central Ferry???

Be sure to have a Bill of Lading for

every load!

We will provide them for you, call Derek at
(509)523-3511







 

 
 

 
 



 



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
 August  552'0s @W4U Chart
 September  552'0s @W4U Chart
 October  562'2s @W4Z Chart
 November  562'2s @W4Z Chart
 December  562'2s @W4Z Chart
 January  580'2s @W5H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  633'4s @KW4U Chart
 Sept  644'0s @KW4Z Chart
 December  652'0s @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  626'6s @MW4U Chart
 September  634'4s @MW4Z Chart
 December  644'4s @MW5H Chart

BARLEY
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  NONE Chart
 September  NONE Chart
 December  NONE Chart
 January  NONE Chart

PARDINA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

BREWER/MERRITT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

GREEN PEAS
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

YELLOW PEAS
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

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

Price as of 08/23/14 02:15PM 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 (+8 -15c/.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
Click Here to Customize
Commodities
C4U 364'4 3'2
S4U 1169'4 29'6
W4U 549'2 5'6
O4U 350'0 7'6
Stocks
MSFT 45.1500 -0.0700
WMT 75.7300 0.1800
XOM 98.500000 -0.780000
TWX 77.2300 0.4700



DTN Weather
Local Weather
Radar
County Forecast
State Forecast
DTN Weather Commentary
US Satellite
Current Surface Analysis
Wind Conditions
Today's Forecast Highs
Tonight's Forecast Lows
24 Hr Surface Forecast
Jet Stream Forecast
24 Hr Rainfall Estimate
24 Hr StormPath Accum
48 Hr StormPath Accum
6-10 Day Temp Forecast
6-10 Day Precip Forecast
Thunderstorm Outlook
US Drought Monitor
US Palmer Drought Index
US Crop Moisture Index
US Growing Degree Days
Soil Temperatures
Hurricane Tracking


Our Market Comments
Chicago futures are currently up 10.  Wheat bulls continue to talk about "quality" issues. The French are now importing quality milling wheat as EU supplies remain tight. The vomitoxin issues here in the US are also starting to gain a bit more attention.  The problem is US export sales remain weak and overall global wheat supplies are adequate enough there is no major balance sheet concern.  In other words, overall demand is nothing spectacular and at the same time there really isn't a major production failure to speak of...the Russian crop is much larger than originally thought; the Australian crop appears as if it will be much larger than originally thought, and the South American crop appears better.

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
Sep 14 546'0 562'4 545'4 549'2 5'6 552'0s 08/22 Chart for @W4U Options for @W4U
Dec 14 555'0 570'4 555'0 560'2 6'6 562'2s 08/22 Chart for @W4Z Options for @W4Z
Mar 15 572'4 586'6 572'2 577'2 8'0 580'2s 08/22 Chart for @W5H Options for @W5H
May 15 583'2 595'6 582'6 587'4 7'2 589'2s 08/22 Chart for @W5K Options for @W5K
Jul 15 593'6 603'0 589'4 593'4 6'6 596'0s 08/22 Chart for @W5N Options for @W5N
Sep 15 600'2 613'4 600'2 612'4 5'4 605'6s 08/22 Chart for @W5U Options for @W5U
Dec 15 615'0 626'2 615'0 620'0 5'6 621'0s 08/22 Chart for @W5Z Options for @W5Z
Mar 16 634'0 5'6 629'6s 08/22 Chart for @W6H Options for @W6H
May 16 615'6 6'0 625'6s 08/22 Chart for @W6K Options for @W6K
Jul 16 610'6 4'6 619'6s 08/22 Chart for @W6N Options for @W6N
Sep 16 626'6 5'6 626'6s 08/22 Chart for @W6U Options for @W6U
Dec 16 634'4 4'6 633'6s 08/22 Chart for @W6Z Options for @W6Z
Mar 17 633'6 4'6 633'6s 08/22 Chart for @W7H Options for @W7H
May 17 646'2 4'6 646'2s 08/22 Chart for @W7K Options for @W7K
Jul 17 612'4 4'6 612'4s 08/22 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 622'0 639'0 621'2 631'4 11'4 633'4s 08/22 Chart for @KW4U Options for @KW4U
Dec 14 632'0 648'4 631'4 642'0 11'6 644'0s 08/22 Chart for @KW4Z Options for @KW4Z
Mar 15 640'2 656'0 639'4 653'0 11'6 652'0s 08/22 Chart for @KW5H Options for @KW5H
May 15 644'6 657'4 644'6 656'2 10'4 654'2s 08/22 Chart for @KW5K Options for @KW5K
Jul 15 638'6 649'2 635'6 643'2 10'0 644'0s 08/22 Chart for @KW5N Options for @KW5N
Sep 15 654'6 660'0 653'0 657'4 10'0 654'6s 08/22 Chart for @KW5U Options for @KW5U
Dec 15 668'4 9'6 670'2s 08/22 Chart for @KW5Z Options for @KW5Z
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 615'4 632'0 615'4 627'6 11'0 626'6s 08/22 Chart for @MW4U Options for @MW4U
Dec 14 623'0 640'0 623'0 637'2 11'4 634'4s 08/22 Chart for @MW4Z Options for @MW4Z
Mar 15 636'0 650'2 636'0 646'4 10'4 644'4s 08/22 Chart for @MW5H Options for @MW5H
May 15 650'4 657'4 650'4 654'2 10'4 653'2s 08/22 Chart for @MW5K Options for @MW5K
Jul 15 654'6 665'2 654'6 660'2 10'4 660'4s 08/22 Chart for @MW5N Options for @MW5N
Sep 15 673'2 673'2 673'0 673'0 10'6 668'4s 08/22 Chart for @MW5U Options for @MW5U
Dec 15 675'0 685'0 675'0 685'0 10'4 681'6s 08/22 Chart for @MW5Z Options for @MW5Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 361'2 367'0 361'2 365'6 3'2 365'4s 08/22 Chart for @C4U Options for @C4U
Dec 14 368'0 373'6 368'0 372'2 2'4 371'4s 08/22 Chart for @C4Z Options for @C4Z
Mar 15 380'6 386'0 380'4 384'6 2'4 384'2s 08/22 Chart for @C5H Options for @C5H
May 15 389'0 394'0 389'0 392'2 2'2 392'0s 08/22 Chart for @C5K Options for @C5K
Jul 15 395'2 400'6 395'2 399'4 2'0 398'4s 08/22 Chart for @C5N Options for @C5N
Sep 15 404'2 406'6 402'6 404'2 2'0 404'6s 08/22 Chart for @C5U Options for @C5U
Dec 15 408'6 414'2 408'6 412'2 1'4 411'2s 08/22 Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 14 1137'0 1170'4 1137'0 1168'0 29'6 1166'0s 08/22 Chart for @S4U Options for @S4U
Nov 14 1038'0 1047'6 1037'6 1043'4 3'6 1042'0s 08/22 Chart for @S4X Options for @S4X
Jan 15 1045'2 1054'2 1045'0 1050'0 3'4 1048'6s 08/22 Chart for @S5F Options for @S5F
Mar 15 1052'0 1060'4 1051'6 1056'6 2'6 1055'0s 08/22 Chart for @S5H Options for @S5H
May 15 1057'6 1064'2 1056'4 1057'0 1'6 1059'4s 08/22 Chart for @S5K Options for @S5K
Jul 15 1062'4 1067'4 1059'6 1063'4 1'2 1062'4s 08/22 Chart for @S5N Options for @S5N
Aug 15 1064'0 1066'0 1060'4 1064'0 0'4 1061'2s 08/22 Chart for @S5Q Options for @S5Q
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 14 149.675 151.850 149.600 151.850 2.200 151.850s 08/22 Chart for @LE4Q Options for @LE4Q
Oct 14 145.600 147.875 145.550 147.550 1.450 147.000s 08/22 Chart for @LE4V Options for @LE4V
Dec 14 148.600 150.525 148.425 150.100 1.250 149.850s 08/22 Chart for @LE4Z Options for @LE4Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 14 82.235 82.510 82.125 82.375 0.169 82.377s 08/22 Chart for @DX4U Options for @DX4U
Dec 14 82.360 82.615 82.230 82.475 0.169 82.475s 08/22 Chart for @DX4Z Options for @DX4Z
Mar 15 82.380 82.695 82.380 82.585 0.169 82.590s 08/22 Chart for @DX5H Options for @DX5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Ag Headline News
Farming on the Mother Road-7
Beef Checkoff Effort Frayed
Farming on the Mother Road-6
Nebraska Cultivar Provides Promise
View From the Cab
Pick Contingency Plans - 3
Farming on the Mother Road - 5
Pick Contingency Plans - 2
Local Crop Reports

Headline News
Obama Again Faces Syria Military Action08/23 09:49
Russia Trucks Leave, Suspicions Remain 08/23 09:56
Egypt: Need Open-Ended Gaza Cease-Fire 08/23 10:01
Obama: Renew US Export-Import Bank 08/23 09:52
Ferguson Residents Struggle to Move On 08/23 09:55
Airstrikes Kill 15 in Libya's Capital 08/23 10:00
Ebola Spreads in Nigeria, Liberia 08/23 09:51
Stocks Close Lower on Ukraine Tensions 08/22 15:18

Local Forecast
Rosalia, WA
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 76°F
Low: 55°F
Precip: 0%
High: 77°F
Low: 53°F
Precip: 0%
High: 79°F
Low: 53°F
Precip: 0%
High: 84°F
Low: 54°F
Precip: 0%
High: 89°F
Low: 59°F
Precip: 0%
View complete Local Weather

Local Radar
Rosalia, WA
Chg Zip Code: 
 
Radar
View complete Local Weather

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN