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



GOOD MORNING  December 22, 2014

Co-Ag will be closed on Wednesday & Thursday, December 24th & 25th
In observance of the Christmas Holiday.
We Wish You & Yours A Safe & Happy Holiday Season!





Congratulations to the 2015 Lentil Family of the year Gary and Salli Heaton
Click above for more details!






 

 
 

 
 



 



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
 December  6274s @W4Z Chart
 January  624'6 @W5H Chart
 February  624'6 @W5H Chart
 March  627'6 @W5K Chart
 April  627'6 @W5K Chart
 August  636'2 @W5U Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 December  656'2 @KW5H Chart
 January  656'2 @KW5H Chart
 February  656'2 @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 December  644'6 @MW5H Chart
 January  644'6 @MW5H Chart
 February  644'6 @MW5H Chart

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

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

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

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

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

CANOLA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 December  NONE Chart
 January  NONE Chart
 February  NONE Chart

Price as of 12/22/14 01:26PM CST.
Month Symbols
Click to view more Cash Bids

FSC & Discounts

Fuel Surcharges       
Wheat               Barley

 

$.034 per bu   $1.15 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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Commodities
C5H 411'4 1'0
S5F 1038'4 8'0
W5H 627'0 -5'2
O5H 307'6 -5'6
Stocks
MSFT 47.9047 0.2447
WMT 86.0500 0.8900
XOM 93.490000 -0.150000
TWX 85.3200 0.3900



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Our Market Comments
Wheat futures are currently up 5.  Support continues to come from possible Russian export limits, and also from weather forecasts in winter wheat regions. Consultant Informa expects 2015 Winter wheat acreage to be 42.3 million, which would be down slightly from 2014.  The weekly Commitment of Traders report from the CFTC showed managed money accounts had tripled their net long position in CBT wheat compared to a week earlier, adding a net 10,642 contracts during the week ending Tuesday, December 16.

Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 629'4 644'4 621'0 624'6 -7'4 632'2 01:15P Chart for @W5H Options for @W5H
May 15 632'4 645'4 623'2 627'6 -7'2 635'0 01:15P Chart for @W5K Options for @W5K
Jul 15 631'0 644'4 622'2 629'6 -4'4 634'2 01:15P Chart for @W5N Options for @W5N
Sep 15 633'6 650'0 631'4 636'2 -5'0 641'2 01:15P Chart for @W5U Options for @W5U
Dec 15 645'4 659'2 641'0 645'2 -5'4 650'6 01:15P Chart for @W5Z Options for @W5Z
Mar 16 651'4 662'4 646'6 654'2 -1'6 656'0 01:15P Chart for @W6H Options for @W6H
May 16 663'4 650'0 Chart for @W6K Options for @W6K
Jul 16 625'0 625'0 620'0 620'0 -3'0 623'0 01:15P Chart for @W6N Options for @W6N
Sep 16 608'0 608'0 608'0 608'0 -17'6 625'6 01:15P Chart for @W6U Options for @W6U
Dec 16 652'0 -16'4 636'0s 01:15P Chart for @W6Z Options for @W6Z
Mar 17 621'4 621'4 618'0 618'0 -19'4 637'4 01:15P Chart for @W7H Options for @W7H
May 17 629'4 629'4 629'4 629'4 0'0 629'4 11:33A Chart for @W7K Options for @W7K
Jul 17 619'0 -16'4 608'4s 12/21 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 15 664'2 677'6 655'2 656'2 -9'6 666'0 01:15P Chart for @KW5H Options for @KW5H
May 15 667'4 681'4 660'2 661'2 -9'0 670'2 01:15P Chart for @KW5K Options for @KW5K
Jul 15 670'0 682'6 663'0 665'6 -6'2 672'0 01:15P Chart for @KW5N Options for @KW5N
Sep 15 685'0 688'0 673'4 673'4 -6'4 680'0 01:15P Chart for @KW5U Options for @KW5U
Dec 15 686'6 701'6 683'2 683'2 -7'4 690'6 01:15P Chart for @KW5Z Options for @KW5Z
Mar 16 700'0 704'0 698'0 704'0 8'0 696'0 01:15P Chart for @KW6H Options for @KW6H
May 16 655'0 682'0 Chart for @KW6K Options for @KW6K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 646'6 659'6 641'0 644'0 -4'2 648'2 01:15P Chart for @MW5H Options for @MW5H
May 15 652'0 665'6 647'4 650'6 -3'2 654'0 01:15P Chart for @MW5K Options for @MW5K
Jul 15 658'0 673'6 656'6 656'6 -4'0 660'6 01:15P Chart for @MW5N Options for @MW5N
Sep 15 662'4 677'0 659'2 663'0 -1'2 664'2 01:16P Chart for @MW5U Options for @MW5U
Dec 15 669'4 683'0 669'4 670'4 -2'0 672'4 01:15P Chart for @MW5Z Options for @MW5Z
Mar 16 684'0 684'0 678'0 678'0 -0'6 678'6 01:15P Chart for @MW6H Options for @MW6H
May 16 690'0 -3'6 678'6s 01:13P Chart for @MW6K Options for @MW6K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 409'6 414'2 408'4 411'2 0'6 410'4 01:15P Chart for @C5H Options for @C5H
May 15 418'4 422'4 417'0 419'4 0'4 419'0 01:15P Chart for @C5K Options for @C5K
Jul 15 425'4 429'2 424'0 426'0 0'0 426'0 01:15P Chart for @C5N Options for @C5N
Sep 15 428'0 431'4 426'4 428'0 -0'2 428'2 01:15P Chart for @C5U Options for @C5U
Dec 15 434'2 437'6 432'4 434'2 -0'6 435'0 01:15P Chart for @C5Z Options for @C5Z
Mar 16 442'0 445'4 441'2 442'2 -1'2 443'4 01:15P Chart for @C6H Options for @C6H
May 16 448'0 451'0 448'0 449'4 0'2 449'2 01:15P Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 15 1029'0 1042'2 1025'2 1037'0 6'4 1030'4 01:15P Chart for @S5F Options for @S5F
Mar 15 1037'4 1050'0 1033'0 1044'4 6'0 1038'4 01:15P Chart for @S5H Options for @S5H
May 15 1045'0 1057'4 1040'6 1052'2 6'2 1046'0 01:15P Chart for @S5K Options for @S5K
Jul 15 1051'0 1063'4 1047'6 1058'2 6'2 1052'0 01:15P Chart for @S5N Options for @S5N
Aug 15 1048'4 1058'6 1048'4 1058'6 8'0 1050'6 01:15P Chart for @S5Q Options for @S5Q
Sep 15 1038'4 1040'6 1038'4 1039'0 6'4 1032'4 01:15P Chart for @S5U Options for @S5U
Nov 15 1015'0 1026'0 1013'0 1022'2 4'6 1017'4 01:15P Chart for @S5X Options for @S5X
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Dec 14 161.450 162.200 161.150 161.700 1.100 161.850 01:15P Chart for @LE4Z Options for @LE4Z
Feb 15 160.400 161.425 160.250 160.750 0.650 160.825 01:16P Chart for @LE5G Options for @LE5G
Apr 15 159.800 160.750 159.550 160.125 0.450 160.225 01:16P Chart for @LE5J Options for @LE5J
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 15 89.920 89.950 89.580 89.840 -0.001 89.841 01:16P Chart for @DX5H Options for @DX5H
Jun 15 90.120 90.190 89.920 90.160 0.036 90.124 01:14P Chart for @DX5M Options for @DX5M
Sep 15 90.220 90.290 90.180 90.290 -0.064 90.354 01:12P Chart for @DX5U Options for @DX5U
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Ag Headline News
Fuel Tax to Help Fix Aging Waterways
China Approves Traits
Compact Shop Works Big
USDA Dropping Checkoff Plan
New World-Record Corn Yield
Amazon Deforestation and Ag-4
Global Fertilizer Outlook - 4
China Holds Grain Import Quotas Steady
Elections Won't Soften TPP Issues

Headline News
US Home Sales Slow 12/22 10:30
Kurds Face IS Resistance in Iraq 12/22 07:06
Russia Bails Out Bank After Ruble Slide12/22 10:41
Arpaio Aims to Halt Immigration Order 12/22 07:11
WHO: Recorded Ebola Deaths Top 7,000 12/22 07:13
Liberia Votes Amid Ebola Fears 12/22 07:14
Police Depts on Alert After Killings 12/22 10:35
Stocks Drift Higher in Midday Trade 12/22 11:33

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Rosalia, WA
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Rosalia, WA
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