Welcome



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




 

GOOD AFTERNOON
MAY 25, 2016 










Click here for current weather conditions in Fairfield



 

 

 
 



 



Co-Ag Farm

10/22/2015
Well it’s been over a month since my last report, but it could have been yesterday with how much the market has moved since then. We continue to be stuck in a range of $5.50 and $5.80 cash, with DEC15 futures struggling to get over the $5.30 mark and dropping all the way down to $4.80. From a fundamental stand point even though it has been a rough start to the 2016 crop year here in the PNW the Midwest and the Black Sea region have gotten good and timely rains. It seems the cold has come to Russia sooner than hoped and there estimating that a third of the winter wheat crop is very susceptible to winterkill and made the need for good spring rains even more important. But with the large glut of wheat stocks on hand in the world the trade does not seem to concerned with these weather events yet, it will probably take till spring time till the market takes any weather seriously. US exports also continue to be dreadfully low and slow, even though we are getting more competitive in the world market we are struggling to keep up with our projections. Now taking the focus of the world wheat picture and looking harder at the SWW market, Australia has about month till the first combines will start up and get there SWW harvest under way. They have taken the brunt of the very strong El Nino heading our way and there is an overall consensus “besides the USDA” that there will be a considerable drop in production and average estimates are at 21-24MMT. What I am looking for is anything at 20 or below, if this mark is reached it should give a nice little bounce in the PNW SWW market, not a dollar or two improvement but significant. With this all being said, and with the technical side being short once again and in need some sort of rally, for nearby pricing I would not be shocked to see some movement right before the Australian harvest. This is the time when I would be looking at letting some grain go, either in the nearby month or further out. The market is to placid right now, there is no news to push it really one way or another, and as long as the corn boys can keep their act  together and not drive this thing into the ground there should be a couple selling opportunities.
PSA Announcement
I know we still are battling with marketing the 2015 crop but please keep an eye out on both cash and HTA opportunities for NC 2106. With how this fall planting has been going and with El Nino still scheduled to hit this area and make things 55% drier than normal taking risk off the table at profitable levels is essential. New Crop cash has been between $5.90 and $6.15 August DLVD for the past few weeks, and if we see a futures rally take advantage and lock that price in only if its 5,000BU. Yes, I know that things could change and that might be a terrible trade next year, but given the landscape at the current moment that $6.15 trade could be the best one to.

Price Points Futures
MAR2016-$5.48+
Harvest-May2016-$5.80+

Nearby Cash
$5.80

 
Take a look at the Co-Ag Farms J.V. Link to find out more and see how I am doing.


Local Cash Bids
 
SOFT WHITE WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 May  4650s @W6K Chart
 June  467'4 @W6N Chart
 July  478'4 @W6U Chart
 August  478'4 @W6U Chart
 September  496'0 @W6Z Chart
 October  496'0 @W6Z Chart
 November  496'0 @W6Z Chart
 December  512'2s @W7H Chart
 January  512'2s @W7H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 May  452'4 @KW6N Chart
 June  452'4 @KW6N Chart
 August  467'6 @KW6U Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 May  523'4 @MW6N Chart
 June  523'4 @MW6N Chart
 August  530'6 @MW6U Chart

BARLEY
  ROSALIA
Futures Price Futures Month Basis Cash Price
 May  NONE Chart
 December  NONE Chart
 January  NONE Chart

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

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

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

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

Price as of 05/25/16 09:41PM CDT.
Month Symbols
Click to view more Cash Bids

FSC & Discounts

Fuel Surcharges       
Wheat               Barley

 

$0.0 per bu   $0.0 per ton

 


Protein Discount Scales
14.0% DNS (+4, -8c/.25% from 14% to 15.5%)
11.5% HRW (+3c, -6c/.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). 




 


My Market Watch
Click Here to Customize
Commodities
@C6N 404'4 -0'2
@S6N 1085'6 0'2
@W6N 467'4 1'4
@O6N 190'0 0'0
Stocks
MSFT 52.1200 0.5300
WMT 70.480000 0.240000
XOM 90.260000 0.590000
TWX 73.360000 0.230000



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
Futures closed up 2.  Wheat bears continue to argue about improved conditions here in the U.S., Europe and parts of Russia. This comes on top of record global surplus and an estimated +1.0 billion bushels of domestic ending wheat stocks. The bulls continue to talk about about production problems in parts of Argentina and a large portion of India. Unfortunately this just isn't enough to hold off the wave of bearish rhetoric. The latest USDA numbers show the winter wheat crop here in the U.S. unchanged at 62% rated "Good-to-Excellent" vs. just 45% rated "Good-to-Excellent" last year.  

Pea & Lentil bids :   All prices are now basis 2015 crop.  New crop offers are being accepted and encouraged.

Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 16 465'6 467'4 465'4 467'4 1'4 466'0 09:29P Chart for @W6N Options for @W6N
Sep 16 477'0 478'4 476'4 478'4 1'2 477'2 09:29P Chart for @W6U Options for @W6U
Dec 16 494'6 496'0 494'4 496'0 1'0 495'0 09:29P Chart for @W6Z Options for @W6Z
Mar 17 510'0 514'0 509'6 512'4 1'6 512'2s 09:29P Chart for @W7H Options for @W7H
May 17 522'2 522'4 518'6 521'0 2'4 521'6s 09:29P Chart for @W7K Options for @W7K
Jul 17 524'2 527'4 524'2 527'2 3'2 527'2s 09:28P Chart for @W7N Options for @W7N
Sep 17 530'2 530'2 530'2 530'2 2'6 533'4s 09:22P Chart for @W7U Options for @W7U
Dec 17 541'0 542'6 541'0 542'6 2'2 543'4s 09:22P Chart for @W7Z Options for @W7Z
Mar 18 556'6 1'4 553'2s 07:49P Chart for @W8H Options for @W8H
May 18 550'0 1'4 555'6s 07:00P Chart for @W8K Options for @W8K
Jul 18 538'0 1'4 539'2s 07:00P Chart for @W8N Options for @W8N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 16 450'6 452'4 450'4 452'4 1'4 451'0 09:29P Chart for @KW6N Options for @KW6N
Sep 16 466'6 467'6 466'4 467'6 1'0 466'6 09:29P Chart for @KW6U Options for @KW6U
Dec 16 490'0 491'0 490'0 490'6 1'0 489'6 09:29P Chart for @KW6Z Options for @KW6Z
Mar 17 506'4 506'4 506'4 506'4 0'6 505'6 09:29P Chart for @KW7H Options for @KW7H
May 17 511'0 3'0 515'4s 09:29P Chart for @KW7K Options for @KW7K
Jul 17 520'2 520'2 520'2 520'2 -2'4 522'6 09:29P Chart for @KW7N Options for @KW7N
Sep 17 540'0 2'2 533'6s 07:02P Chart for @KW7U Options for @KW7U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Jul 16 523'0 524'0 522'6 523'4 1'4 522'0 09:29P Chart for @MW6N Options for @MW6N
Sep 16 530'0 531'2 530'0 530'6 1'0 529'6 09:29P Chart for @MW6U Options for @MW6U
Dec 16 543'0 543'0 542'6 542'6 0'6 542'0 09:29P Chart for @MW6Z Options for @MW6Z
Mar 17 555'0 555'0 551'6 553'2 0'0 553'0s 09:29P Chart for @MW7H Options for @MW7H
May 17 560'0 1'0 560'0s 09:29P Chart for @MW7K Options for @MW7K
Jul 17 568'6 570'0 568'0 569'0 4'0 568'0s 09:29P Chart for @MW7N Options for @MW7N
Sep 17 575'0 3'0 571'4s 09:29P Chart for @MW7U Options for @MW7U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 16 404'0 405'0 403'6 404'4 -0'2 404'6 09:30P Chart for @C6N Options for @C6N
Sep 16 406'4 407'2 406'2 406'6 -0'4 407'2 09:29P Chart for @C6U Options for @C6U
Dec 16 407'6 408'4 407'4 408'2 -0'2 408'4 09:30P Chart for @C6Z Options for @C6Z
Mar 17 414'0 415'0 414'0 414'2 -1'0 415'2 09:30P Chart for @C7H Options for @C7H
May 17 416'6 417'6 416'6 417'0 -0'6 417'6 09:30P Chart for @C7K Options for @C7K
Jul 17 419'2 420'0 419'2 420'0 -0'4 420'4 09:30P Chart for @C7N Options for @C7N
Sep 17 410'0 410'0 410'0 410'0 -0'2 410'2 09:30P Chart for @C7U Options for @C7U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 16 1084'6 1088'2 1082'0 1085'6 0'2 1085'4 09:29P Chart for @S6N Options for @S6N
Aug 16 1080'0 1084'0 1078'2 1082'0 0'2 1081'6 09:29P Chart for @S6Q Options for @S6Q
Sep 16 1065'4 1065'6 1063'6 1063'6 -1'6 1065'4 09:29P Chart for @S6U Options for @S6U
Nov 16 1054'0 1057'4 1050'6 1053'6 -0'4 1054'2 09:29P Chart for @S6X Options for @S6X
Jan 17 1047'4 1051'4 1046'4 1047'0 -1'6 1048'6 09:29P Chart for @S7F Options for @S7F
Mar 17 1024'2 1027'2 1024'2 1027'0 1'2 1025'6 09:29P Chart for @S7H Options for @S7H
May 17 1020'0 1022'0 1020'0 1022'0 3'0 1019'0 09:29P Chart for @S7K Options for @S7K
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Jun 16 118.100 118.750 117.875 118.150 0.150 118.150s 04:07P Chart for @LE6M Options for @LE6M
Aug 16 113.275 113.850 113.100 113.450 0.225 113.400s 04:07P Chart for @LE6Q Options for @LE6Q
Oct 16 113.175 113.600 112.850 113.200 0.225 113.150s 04:07P Chart for @LE6V Options for @LE6V
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Ag Headline News
Kub's Den
Bayer-Monsanto Maybe
WOTUS Expansion Moves
View From the Cab
Zika Bill Nixes Spray Permits
Sulfoxaflor Update
Roofs for Cows
GMOs: A Sweet Debate
Don't Forget IRS' Share

Headline News
Trump, Clinton Win in Washington State 05/25 06:57
Group of 7 Faces Sluggish Economies 05/25 06:53
Violent Protests at Trump NM Rally 05/25 06:50
Afghan Taliban Picks Mansour Successor 05/25 06:59
Obama at Hiroshima; No Abe to PH 05/25 10:43
Israel Expands Government 05/25 06:55
Refugees Pushed Out of Greek Camp 05/25 06:48
US Stocks Climbed Wednesday 05/25 15:48

Local Forecast
Rosalia, WA
Chg Zip:

Thursday

Friday

Saturday

Sunday

Monday
High: 67°F
Low: 48°F
Precip: 0%
High: 61°F
Low: 45°F
Precip: 0%
High: 63°F
Low: 41°F
Precip: 20%
High: 66°F
Low: 45°F
Precip: 32%
High: 70°F
Low: 47°F
Precip: 20%
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.

A touch-enabled device appears to be in use. Switch to our touch-optimized website?

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