Mission Statement "To grow profitablility, retire shareholder equity, and provide sound employment opportunities while striving to keep the local communities strong."
Falling numbers has become a serious concern to all in the Ag Community this year. Unfortunately, COAG will not be able to have a "POOL" for low falling numbers. This issue is widespread across our whole region and beyond. Due to the wide proximity and the lack of segregation "at the pit," we can only encourage the producer to ask for a regrade if they find themselves in this situation. COAG will allow ONE regrade within 30 days of the date on the original grade cert. If a regrade is requested, the second grade WILL replace the original.
Prices this year seem to be a bust. Except for last weeks rally prices have been very lackluster. New crop however is stating to get some attention. Both September and Decmeber 2017 futures have been bumping up against $5.00 creating some interest in HTA contracts. If you were able to lock in $5.00 on the board and add another 50-80 cents in basis, you'd be looking at a 5.50-5.80 contract for next years wheat. If we can get to $5.00 in these trade months and add some basis throughout the year, HTA's are going to be worth a serious look.
Take a look at the Co-Ag Farms J.V. Link to find out more and see how I am doing.
Futures are currently down 1. Wheat bears seem concerned that the USDA could increase supplies in both Argentina and Australia, which would bring more global supply in to competition against U.S. exporters. On the flip side, there's some bulls who think the early export demand for hard red wheat has been strong enough that the USDA could bump their current export estimate of 975 million bushels a hair higher.
Pea & Lentil bids : All prices are now basis 2015 crop. New crop offers are being accepted and encouraged.