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GOOD MORNING MARCH 06, 2015

Co-Ag will be hosting a hospitality room at the State B Tournament Thursday - Saturday  from 2PM-6PM!
Come see us!!





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

2/20/15

The main word dominating the wheat markets, exports. Combined with strong US dollar, cheap world wheat, and the slow down at west coast ports the US is sitting on a large pile of domestic wheat. With today’s weekly export reports coming out this morning, we saw the March contract drop 18 and the May contract drop 13. Not a lot to get excited about, Egypt backing out of a tender early this week and buying French and Romania wheat was a blow to the markets, especially considering the Egyptians had 100 million in US export credit to use. But I am a glass is half full guy, and looking forward to March, exports in the US have increased considerably. Hopefully we can repeat the same trend this year, I also think we will start seeing more and more winterkill reports hit the market as we start to get into spring work. Again, I expect to see some rallies to price old crop and new crop coming this spring. The Russia/Ukraine episode is still very much alive, especially with the comments Putin made this week in the terms of Russia’s military strength. We still have a long way off till combines are hitting the fields and the crop is actually in the bins, so mother nature is still in the game. The issue concerning the west coast ports should be coming to an end soon, Portland’s biggest customer is claiming and has started to pull ALL business away. On the technical side of market, the funds are 20,000+K short and if we see a fundamental rally we could see some quick buying which could help us get that rally we have been looking for.

Concerning pricing grain, I am still in patience mode. With a NC basis (Cash price-futures price), still hovering around the $1.20 range, I would recommend not place a HTA. But we are starting to get into the range of a profitable basis contract. I am looking for a range of $1.30 to $1.50 at this moment, will depend on how the market is reacting. I am playing the cash market right now, and if we can get up to the 7.00 NC price I will price another 20% of crop, I still plan on having 40-50% of crop priced by end of spring/early summer if profitable levels present themselves.



Quick Fact: A bushel of wheat makes about 42 pounds of pasta or 210 servings of spaghetti

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  482'4s @W5K Chart
 April  482'4s @W5K Chart
 May  486'4s @W5N Chart
 June  486'4s @W5N Chart
 July  495'4s @W5U Chart
 August  495'4s @W5U Chart
 January  524'2s @W6H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 March  522'2s @KW5K Chart
 April  522'2s @KW5K Chart
 May  522'2s @KW5K Chart
 August  539'2s @KW5U Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 March  556'4s @MW5K Chart
 April  556'4s @MW5K Chart
 May  556'4s @MW5K Chart
 August  569'0s @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 03/06/15 07:36PM CST.
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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C5H 377'4 -3'4
S5H 979'0 0'0
W5H 494'4 4'4
O5H 274'0 2'0
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WMT 82.5900 -0.9800
XOM 85.630000 -1.110000
TWX 84.120000 0.860000



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Our Market Comments
Wheat futures are currently up 2. The Chicago SRW wheat contract has posted fresh new lows this week and the technicians suspect we could soon see the market test the $4.66^2 low set back in late-September. The rapid decline in the euro currency continues to add to price pressure. On the flip side, many of the bulls are keeping a close eye on the warming temps that are being forecast through mid-March across a large swath of the top US wheat producing states.

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
Mar 15 482'2 489'0 482'2 488'6 4'4 485'6s 01:30P Chart for @W5H Options for @W5H
May 15 480'6 485'4 478'2 482'2 2'0 482'4s 02:52P Chart for @W5K Options for @W5K
Jul 15 487'4 490'0 484'4 486'6 -1'2 486'4s 01:30P Chart for @W5N Options for @W5N
Sep 15 500'0 500'0 493'4 495'6 -3'2 495'4s 01:30P Chart for @W5U Options for @W5U
Dec 15 514'6 516'0 509'2 510'2 -4'6 510'2s 01:30P Chart for @W5Z Options for @W5Z
Mar 16 527'2 528'2 524'0 524'0 -3'6 524'2s 01:30P Chart for @W6H Options for @W6H
May 16 536'0 536'0 533'0 533'0 -3'2 532'6s 01:30P Chart for @W6K Options for @W6K
Jul 16 535'4 537'4 531'0 535'2 -3'4 533'4s 01:30P Chart for @W6N Options for @W6N
Sep 16 541'0 -3'6 541'0s 01:30P Chart for @W6U Options for @W6U
Dec 16 565'0 -3'4 555'4s 01:30P Chart for @W6Z Options for @W6Z
Mar 17 615'0 -3'2 561'4s 01:30P Chart for @W7H Options for @W7H
May 17 629'4 -3'0 562'4s 01:30P Chart for @W7K Options for @W7K
Jul 17 619'0 -3'0 544'4s 01:30P Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 15 515'6 521'6 514'2 521'6 6'6 520'6s 01:30P Chart for @KW5H Options for @KW5H
May 15 518'2 525'2 516'4 521'6 5'2 522'2s 03:39P Chart for @KW5K Options for @KW5K
Jul 15 525'0 530'4 522'6 527'2 3'6 527'4s 03:39P Chart for @KW5N Options for @KW5N
Sep 15 538'4 542'6 535'4 538'4 2'6 539'2s 01:30P Chart for @KW5U Options for @KW5U
Dec 15 553'0 558'6 552'0 556'2 2'4 556'0s 02:51P Chart for @KW5Z Options for @KW5Z
Mar 16 565'0 571'2 565'0 569'6 2'2 568'4s 01:30P Chart for @KW6H Options for @KW6H
May 16 574'6 574'6 574'0 574'0 2'0 574'6s 01:30P Chart for @KW6K Options for @KW6K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 544'6 548'4 538'0 544'0 -5'0 542'0s 01:31P Chart for @MW5H Options for @MW5H
May 15 558'4 560'0 554'2 555'0 -2'0 556'4s 03:34P Chart for @MW5K Options for @MW5K
Jul 15 564'6 566'0 560'2 560'2 -2'6 561'6s 01:31P Chart for @MW5N Options for @MW5N
Sep 15 571'0 572'6 567'4 567'4 -2'2 569'0s 01:31P Chart for @MW5U Options for @MW5U
Dec 15 580'0 583'2 578'0 579'0 -1'2 579'4s 02:49P Chart for @MW5Z Options for @MW5Z
Mar 16 591'0 593'6 590'0 590'0 -1'0 591'4s 01:31P Chart for @MW6H Options for @MW6H
May 16 598'6 598'6 598'6 598'6 0'0 599'4s 01:31P Chart for @MW6K Options for @MW6K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 381'0 382'4 376'4 379'4 -3'4 379'2s 01:30P Chart for @C5H Options for @C5H
May 15 389'0 389'6 383'2 386'0 -4'4 386'0s 03:49P Chart for @C5K Options for @C5K
Jul 15 396'4 397'2 391'2 393'4 -4'2 394'0s 03:19P Chart for @C5N Options for @C5N
Sep 15 404'2 404'2 398'4 400'6 -4'2 401'2s 03:00P Chart for @C5U Options for @C5U
Dec 15 412'2 413'0 408'2 410'2 -3'2 410'6s 03:35P Chart for @C5Z Options for @C5Z
Mar 16 421'4 422'0 417'4 419'4 -3'2 420'0s 01:30P Chart for @C6H Options for @C6H
May 16 425'0 425'6 423'6 424'2 -3'2 426'4s 03:38P Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 979'0 980'6 971'0 979'2 0'0 979'2s 01:30P Chart for @S5H Options for @S5H
May 15 985'0 988'2 976'6 985'2 -0'4 985'0s 03:45P Chart for @S5K Options for @S5K
Jul 15 990'4 993'6 982'4 990'6 -0'4 990'4s 03:45P Chart for @S5N Options for @S5N
Aug 15 990'2 991'2 981'2 988'0 0'0 989'0s 01:30P Chart for @S5Q Options for @S5Q
Sep 15 975'6 976'2 967'0 974'6 0'2 975'0s 02:41P Chart for @S5U Options for @S5U
Nov 15 965'0 968'0 957'4 966'0 -0'6 965'2s 01:30P Chart for @S5X Options for @S5X
Jan 16 968'6 970'6 962'6 970'2 -0'6 969'6s 01:30P Chart for @S6F Options for @S6F
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 15 153.550 155.050 152.750 155.025 1.375 154.650s 04:10P Chart for @LE5J Options for @LE5J
Jun 15 146.000 147.350 145.450 147.325 1.075 147.100s 04:00P Chart for @LE5M Options for @LE5M
Aug 15 144.125 145.150 143.625 145.150 0.775 144.925s 04:00P Chart for @LE5Q Options for @LE5Q
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 15 96.390 97.755 96.320 97.755 1.210 97.604s 04:00P Chart for @DX5H Options for @DX5H
Jun 15 96.955 98.295 96.890 98.160 1.053 98.011s 04:00P Chart for @DX5M Options for @DX5M
Sep 15 98.020 98.800 97.615 98.800 0.883 98.541s 04:00P Chart for @DX5U Options for @DX5U
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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