Mission Statement "To grow profitablility, retire shareholder equity, and provide sound employment opportunities while striving to keep the local communities strong."
GOOD MORNING JANUARY 30, 2015
Come see us at the Spokane Ag Expo on February 3rd, 4th & 5th We will be in booth number 25 Come listen to Kevin Van Trump (Farm Direction), he will be speaking on Wednesday the 4th at 9:00 AM Hope To See You There!!
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
Quite January mean exciting spring? The market is not sure what direction to take, with export numbers low with a strong U.S. dollar “but weakening slightly”, good production weather and acre numbers throughout the world it seems as the bears have been able to hold this market down. But there are a few bullish headlines that are starting to grab some attention; low snow cover in the Midwest is a concern as many think a cold snap in February could do some significant winterkill. The issues in Ukraine and Russia have flared up again and it seems this might continue to be a long drawn out event; it will be interesting to see how the market reacts. As of right now I still only have 5% of my New Crop priced, I will remain patient and wait to hopefully take advantage of a couple spring rallies. I plan on coming into summer with at least 50% of my new crop priced if I can get to profitable levels. Right now I do not see any outside factors that will be able to hold up a high price for very long so I will sell on quick rallies. Current old crop and new crop basis’s “Portland price – futures price” are still too strong to start thinking about locking in a HTA contract. Right now I feel comfortable playing the cash game, selling at levels hopefully $1.00 over my “break even” price as Derek likes to pick on me with grade discounts. But I will keep my eye on the futures market and the world news as if futures start to run up, basis is most likely to drop to levels I can take advantage of.
Quick Fact: One bushel of wheat contains approximately one million individual kernels.
Take a look at the Co-Ag Farms J.V. Link to find out more.
Wheat futures are currently down 8. Wheat continues to show very little signs of bullish life. Forecaster are now calling for better moisture across the Plains and no real global weather story seems to be gaining much traction. The US dollar remains strong and appears as if it will be moving higher. This continues to create headwinds on the export side of the equation.
Pea & Lentil bids - 01/07/2015 Pulse markets are steady. Current prices are firm. We encourage and accept offers at any time.
