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GOOD MORNING!
FRIDAY, MARCH 27  2015


MONSANTO PAYOUT

Monsanto Company has agreed to a $2.375 million settlement with soft white wheat farmers in Idaho, Oregon, and Washington to resolve a number of lawsuits related to the May 2013 discovery of genetically-modified wheat on a farm in Eastern Oregon and subsequent temporary limits on certain exports of soft white wheat. Under the settlement, Monsanto has agreed to pay $2.125 million into a settlement fund to compensate eligible farmers who sold or priced for sale between May 30, 2013 and November 30, 2013 soft white wheat farmed in Idaho, Oregon or Washington. Monsanto also will pay Washington, Oregon and Idaho wheat growers associations an additional $250,000.

To share in the settlement fund, you must complete and submit a Claim Form. If you do not file a Claim Form, you will not share in the settlement fund and you will not release your claims against Monsanto Company.
www.swwsettlement.com

 
 

 
 



 



Co-Ag Farm

3/19/20
Not much news to broadcast on the markets the past month and we have seen the effect in the price. Futures set a new low the first week of March as good production weather was being reported worldwide and export numbers continued to drag or be nonexistent for the US. But with the fund market oversold at 65K+ contracts the cash market has had a little rally with a high of 6.79 as of today. With the majority of worldwide wheat being rated as good to excellent we continue to see the push to keep price or rallies relatively low, but with the short funds, weather concerns finally starting to come out of the Midwest and Syria issuing a tender for 150K MT of SWW we could see nice bump in the old crop price and hopefully drag the new crop price with it. I think as more and more crop reports hit the market and some more weather events happen we will finally see some new crop prices that we can at least feel comfortable putting some sales on the books.

As for as looking at HTA’s or Basis contracts, definitely not the time to initiate a HTA, and with a basis of +1.19 for August I am still in limbo. It is high for a NC basis, but we just saw +1.30 last week, so I am willing to sit on the sidelines and see if we get some bullish weather reactions on the futures board which will push that basis higher.  If we see  another good rally on NC price I still plan on pricing at least 20% at hopefully the $7.00 levels. As this next rally more than likely will not be a sustained rally, more of a quick run then back down I am thinking of pushing that 20% to 30-40% as with a $7.00 cash price I am a comfortable .60 over my break even and that’s something I can live with.
 



Quick Fact: Kansas is number one in flour milling in the United States.

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
 March  507'6s @W5K Chart
 April  507'6s @W5K Chart
 May  512'0s @W5N Chart
 June  512'0s @W5N Chart
 July  521'0s @W5U Chart
 August  521'0s @W5U Chart
 January  548'2s @W6H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 March  553'0s @KW5K Chart
 April  553'0s @KW5K Chart
 May  553'0s @KW5K Chart
 August  568'6s @KW5U Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 March  575'0s @MW5K Chart
 April  575'0s @MW5K Chart
 May  575'0s @MW5K Chart
 August  587'2s @MW5U Chart

BARLEY
  ROSALIA
Futures Price Futures Month Basis Cash Price
 March  NONE Chart
 April  NONE Chart
 May  NONE Chart
 August  NONE Chart

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

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

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

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

CANOLA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 March  NONE Chart
 April  NONE Chart
 May  NONE Chart

Price as of 03/29/15 01:03AM CDT.
Month Symbols
Click to view more Cash Bids

FSC & Discounts

Fuel Surcharges       
Wheat               Barley

 

$.015 per bu   $.60 per ton

 


Protein Discount Scales
14.0% DNS (+15, -25c/.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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C5K 390'2 -0'2
S5K 968'0 -7'2
W5K 509'0 8'4
O5K 278'0 -5'4
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WMT 81.350000 -0.540000
XOM 83.580000 -0.740000
TWX 85.110000 0.380000



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Our Market Comments
Wheat futures are currently up 5.  Wheat prices are trying to hang on to a small rebound after sharp losses Thursday took winter wheat futures below support from the March rally. A marketing year low in export sales, just 3.8 million bushels, belied the influence from a weaker dollar, with improving chances for rain over world crops also weighing on prices.

Pea & Lentil bids -  Pulse markets are steady.  Current prices are firm.  We encourage and accept offers at any time.

Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 15 499'0 509'0 499'0 507'4 8'4 507'6s 03/27 Chart for @W5K Options for @W5K
Jul 15 505'0 513'0 504'0 512'0 7'2 512'0s 03/27 Chart for @W5N Options for @W5N
Sep 15 514'0 522'0 514'0 520'6 6'6 521'0s 03/27 Chart for @W5U Options for @W5U
Dec 15 528'6 536'2 528'0 535'2 6'2 535'0s 03/27 Chart for @W5Z Options for @W5Z
Mar 16 544'0 548'2 542'4 548'0 6'2 548'2s 03/27 Chart for @W6H Options for @W6H
May 16 552'2 556'0 549'0 556'0 7'0 556'4s 03/27 Chart for @W6K Options for @W6K
Jul 16 552'2 7'0 555'2s 03/27 Chart for @W6N Options for @W6N
Sep 16 552'0 6'6 562'4s 03/27 Chart for @W6U Options for @W6U
Dec 16 569'6 6'6 574'2s 03/27 Chart for @W6Z Options for @W6Z
Mar 17 615'0 6'4 580'6s 03/27 Chart for @W7H Options for @W7H
May 17 629'4 6'2 588'0s 03/27 Chart for @W7K Options for @W7K
Jul 17 619'0 6'2 568'4s 03/27 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 15 542'4 554'2 542'4 552'6 10'0 553'0s 03/27 Chart for @KW5K Options for @KW5K
Jul 15 548'4 558'6 548'4 558'0 9'0 557'6s 03/27 Chart for @KW5N Options for @KW5N
Sep 15 560'0 569'2 560'0 568'2 8'6 568'6s 03/27 Chart for @KW5U Options for @KW5U
Dec 15 575'4 584'4 575'0 583'2 9'0 584'0s 03/27 Chart for @KW5Z Options for @KW5Z
Mar 16 586'6 594'4 586'6 594'4 9'0 595'4s 03/27 Chart for @KW6H Options for @KW6H
May 16 601'6 9'0 602'0s 03/27 Chart for @KW6K Options for @KW6K
Jul 16 601'0 8'6 601'2s 03/27 Chart for @KW6N Options for @KW6N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 15 564'0 576'0 563'2 575'4 11'6 575'0s 03/27 Chart for @MW5K Options for @MW5K
Jul 15 572'0 581'4 569'0 581'0 11'2 580'2s 03/27 Chart for @MW5N Options for @MW5N
Sep 15 576'6 588'4 576'6 588'2 10'4 587'2s 03/27 Chart for @MW5U Options for @MW5U
Dec 15 588'2 598'4 588'0 597'6 10'0 597'2s 03/27 Chart for @MW5Z Options for @MW5Z
Mar 16 606'2 610'0 606'0 610'0 9'4 609'0s 03/27 Chart for @MW6H Options for @MW6H
May 16 613'0 616'2 613'0 616'2 9'6 615'6s 03/27 Chart for @MW6K Options for @MW6K
Jul 16 614'2 615'0 614'2 615'0 10'0 617'2s 03/27 Chart for @MW6N Options for @MW6N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 15 391'0 393'4 389'2 391'4 -0'2 391'0s 03/27 Chart for @C5K Options for @C5K
Jul 15 399'0 401'2 397'2 399'4 -0'2 399'0s 03/27 Chart for @C5N Options for @C5N
Sep 15 406'4 408'2 404'4 406'6 -0'2 406'4s 03/27 Chart for @C5U Options for @C5U
Dec 15 414'0 417'0 413'0 415'0 0'0 414'6s 03/27 Chart for @C5Z Options for @C5Z
Mar 16 423'4 425'4 422'2 423'6 0'0 423'6s 03/27 Chart for @C6H Options for @C6H
May 16 430'0 432'0 428'2 430'0 0'0 430'2s 03/27 Chart for @C6K Options for @C6K
Jul 16 433'6 435'4 432'4 434'4 0'2 434'4s 03/27 Chart for @C6N Options for @C6N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 15 974'0 976'2 965'0 968'0 -7'2 967'2s 03/27 Chart for @S5K Options for @S5K
Jul 15 978'0 980'6 970'0 972'4 -6'4 972'2s 03/27 Chart for @S5N Options for @S5N
Aug 15 978'0 979'4 969'0 971'0 -6'4 971'2s 03/27 Chart for @S5Q Options for @S5Q
Sep 15 964'4 964'4 954'2 956'6 -6'0 956'6s 03/27 Chart for @S5U Options for @S5U
Nov 15 954'0 957'0 947'0 949'0 -6'4 948'6s 03/27 Chart for @S5X Options for @S5X
Jan 16 958'6 961'6 952'4 953'2 -6'6 953'4s 03/27 Chart for @S6F Options for @S6F
Mar 16 960'4 963'2 953'6 955'4 -6'4 955'4s 03/27 Chart for @S6H Options for @S6H
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 15 161.675 162.825 161.350 162.400 0.950 162.625s 03/27 Chart for @LE5J Options for @LE5J
Jun 15 152.200 153.150 151.800 152.650 0.975 152.975s 03/27 Chart for @LE5M Options for @LE5M
Aug 15 149.250 150.200 148.900 149.750 0.900 149.950s 03/27 Chart for @LE5Q Options for @LE5Q
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 15 97.575 98.210 97.190 97.600 -0.162 97.520s 03/27 Chart for @DX5M Options for @DX5M
Sep 15 98.100 98.650 97.700 98.105 -0.180 97.985s 03/27 Chart for @DX5U Options for @DX5U
Dec 15 98.575 99.075 98.280 98.520 -0.168 98.455s 03/27 Chart for @DX5Z Options for @DX5Z
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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