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March 8, 2010

Wheat- The Chicago wheat futures are up 4 cents this morning. USDA will release its March Supply & Demand report including an updated crop estimate this Wednesday, March 10th. India’s wheat stocks more than doubled at 18.4 million metric tonnes, freeing up stocks for exports. The original target was 8.2 million metric tonnes.

Pea & Lentil bids -Still limited, but steady export & domestic demand with limited grower selling have maintained prices. Solicitation 030 was announced Feb 24 and includes 9,000 mt (19,841,400 lbs) of yellow split peas, 3,150 mt (6,944,490 lbs) of lentils, 260 mt (573,196 lbs) of whole yellow peas and 40 mt (88,184 lbs) of whole green peas. Our offer will be submitted on Monday March 8th.

Barley- Has been fluctuating with the corn market lately.

March 9, 2010 

Wheat- The Chicago wheat futures are down 4 cents this morning. Average trade estimates for wheat ending stocks is 971 million bushels, down from 981 million bushels in the February USDA report. According to the USDA the Kansas winter wheat crop is rated 60% good/excellent while the Texas winter wheat crop is rated 45% good/excellent.

Pea & Lentil bids -Still limited, but steady export & domestic demand with limited grower selling have maintained prices. Solicitation 030 was announced Feb 24 and includes 9,000 mt (19,841,400 lbs) of yellow split peas, 3,150 mt (6,944,490 lbs) of lentils, 260 mt (573,196 lbs) of whole yellow peas and 40 mt (88,184 lbs) of whole green peas. Our offer will be submitted on Monday March 8th.

Barley- Has been fluctuating with the corn market lately.

March 10, 2010.

Wheat- The Chicago wheat futures are down 2 cents this morning. The USDA's March supply/demand report pegged 2009-10 U.S. wheat ending stocks at 1.001 billion bushels, above an average of analysts' estimates for 971 million. The also increased global wheat supples by 2.1 million tonnes.

Pea & Lentil bids -Still limited, but steady export & domestic demand with limited grower selling have maintained prices. Solicitation 030 was announced Feb 24 and includes 9,000 mt (19,841,400 lbs) of yellow split peas, 3,150 mt (6,944,490 lbs) of lentils, 260 mt (573,196 lbs) of whole yellow peas and 40 mt (88,184 lbs) of whole green peas. Our offer will be submitted on Monday March 8th.

Barley- Has been holding for sometime at 130. No major news pushing the market up at this time.

March 5, 2010

Wheat- The Chicago wheat futures are down 8 cents this morning. Central and Southern Plains forecasts expect showers will provide 75% coverage through Monday and warmer temperatures. There are no winterkill threats for the next 2 weeks. No major fundamental news at this time.

Pea & Lentil bids -Still limited, but steady export & domestic demand with limited grower selling have maintained prices. Solicitation 030 was announced Feb 24 and includes 9,000 mt (19,841,400 lbs) of yellow split peas, 3,150 mt (6,944,490 lbs) of lentils, 260 mt (573,196 lbs) of whole yellow peas and 40 mt (88,184 lbs) of whole green peas. Our offer will be submitted on Monday March 8th.

Barley- Has been fluctuating with the corn market lately.

Contracts
Did you know that Co-Ag offers you all the following contract options for your grain?

Deferred Payment Contracts - Don't want your money now, but you like the price and you want to stop storage - this is a great way to go! We'll even pay you some interest!

Wheat/Pea/Lentil Pool Contracts - Don't have time to market your grain?  Tired of the stress?  You aren't sure how to market your grain?  Let us do it for you.  We can probably improve your odds of getting a better than average price for you.  Contact Us Now - It is unbelievably simple.

Farm Storage Contracts - Did you know that your local cooperative can handle your home storage business too?  Call us for more information - rates change daily.

                                         

 
 
 

 
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The information contained herein is taken from sources, which we believe to be reliable, but is not guaranteed by Co-Ag as to accuracy or completeness and is presented for information purposes only.  There is a risk of loss when trading commodity futures and options.  Past results are not necessarily indicative of future results.