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



GOOD MORNING SEPTEMBER 01, 2014
There are no markets today, in observance of Labor Day.
However, our Co-Ag offices are open.

Co-Ag took the ALS Ice Bucket Challenge.
Click here to watch it



Harvest 2014
2014 Harvest Commodity Delivery Locations

2014 Elevator Differentials
Canola Information

 Planning on delivering to MGT or MGT

Central Ferry???

Be sure to have a Bill of Lading for

every load!

We will provide them for you, call Derek at
(509)523-3511

 

 
 

 
 



 



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
 September  551'0 @W4U Chart
 October  562'0 @W4Z Chart
 November  562'0 @W4Z Chart
 December  562'0 @W4Z Chart
 January  580'4 @W5H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 Sept  641'2 @KW4Z Chart
 December  647'0 @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 September  625'6 @MW4Z Chart
 December  639'0 @MW5H Chart

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

CANOLA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 September  NONE Chart
 October  NONE Chart
 November  NONE Chart

Price as of 09/01/14 11:14PM CDT.
Month Symbols
Click to view more Cash Bids

FSC & Discounts

Fuel Surcharges       
Wheat               Barley

 

$.040 per bu   $1.45 per ton

 


Protein Discount Scales
14.0% DNS (+8 -15c/.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
Click Here to Customize
Commodities
C4U 358'6 -2'6
S4U 1086'0 15'6
W4U 551'0 -6'2
O4U 350'0 1'2
Stocks
MSFT 45.4300 0.5500
WMT 75.5000 -0.4000
XOM 99.460000 -0.110000
TWX 77.0300 0.0800



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Our Market Comments
Wheat futures are currently down 5. Wheat makes a "technical" bounce higher on thoughts of Putin sending more Russian troops across the Ukraine border. In return wheat is poised to post it's first monthly gain since April.  The long extended holiday weekend and uncertainty in the Black Sea region is more than likely enough to keep the bears from being excessively short.  In other words those who were holding excessive short positions may be in the process of banking the profits and liquidating a few.

Pea & Lentil bids -  05/06/14 - Green/Yellow Peas and Pardina's are slightly up.  Regular Lentils are limited.  PL480 tenders - pricing continues on the low end.

Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 14 550'2 551'2 548'2 551'0 0'6 550'2 10:59P Chart for @W4U Options for @W4U
Dec 14 562'6 563'6 560'2 562'0 -1'4 563'4 10:59P Chart for @W4Z Options for @W4Z
Mar 15 581'0 582'2 578'6 580'4 -2'0 582'4 10:59P Chart for @W5H Options for @W5H
May 15 589'4 591'6 589'4 590'0 -2'2 592'2 11:01P Chart for @W5K Options for @W5K
Jul 15 597'0 598'6 596'0 597'4 -1'6 599'2 10:59P Chart for @W5N Options for @W5N
Sep 15 608'6 608'0 Chart for @W5U Options for @W5U
Dec 15 623'2 623'2 623'2 623'2 0'0 623'2 11:01P Chart for @W5Z Options for @W5Z
Mar 16 626'0 -3'4 632'4s 11:01P Chart for @W6H Options for @W6H
May 16 615'6 -3'4 632'0s 10:21P Chart for @W6K Options for @W6K
Jul 16 619'6 -3'0 627'0s 10:59P Chart for @W6N Options for @W6N
Sep 16 634'0 -3'0 634'0s 07:00P Chart for @W6U Options for @W6U
Dec 16 634'4 -3'0 641'0s 07:00P Chart for @W6Z Options for @W6Z
Mar 17 641'0 -3'0 641'0s 07:00P Chart for @W7H Options for @W7H
May 17 653'4 -3'0 653'4s 08/29 Chart for @W7K Options for @W7K
Jul 17 621'0 -3'0 621'0s 08/31 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 626'2 626'2 626'2 626'2 0'0 626'2 10:59P Chart for @KW4U Options for @KW4U
Dec 14 641'6 641'6 639'2 641'2 -1'4 642'6 11:02P Chart for @KW4Z Options for @KW4Z
Mar 15 650'0 650'0 646'2 647'0 -4'4 651'4 11:02P Chart for @KW5H Options for @KW5H
May 15 656'0 655'4 Chart for @KW5K Options for @KW5K
Jul 15 645'6 646'0 Chart for @KW5N Options for @KW5N
Sep 15 660'0 660'0 654'0 657'2 0'0 657'0s 10:58P Chart for @KW5U Options for @KW5U
Dec 15 677'6 677'6 670'4 670'6 0'2 672'4s 10:58P Chart for @KW5Z Options for @KW5Z
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 615'0 620'2 611'6 614'4 3'0 615'0s 09:46P Chart for @MW4U Options for @MW4U
Dec 14 628'0 628'4 625'6 625'6 -4'0 629'6 10:58P Chart for @MW4Z Options for @MW4Z
Mar 15 641'0 641'0 639'0 639'0 -4'0 643'0 11:02P Chart for @MW5H Options for @MW5H
May 15 650'0 652'6 Chart for @MW5K Options for @MW5K
Jul 15 665'6 670'0 655'0 658'6 -1'2 660'0s 10:58P Chart for @MW5N Options for @MW5N
Sep 15 671'4 675'0 661'0 666'0 -2'0 667'0s 10:58P Chart for @MW5U Options for @MW5U
Dec 15 689'0 689'0 689'0 689'0 -2'2 679'2s 10:58P Chart for @MW5Z Options for @MW5Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 357'4 358'2 356'4 357'4 -1'4 359'0 11:01P Chart for @C4U Options for @C4U
Dec 14 363'2 364'0 362'2 363'6 -1'0 364'6 11:02P Chart for @C4Z Options for @C4Z
Mar 15 376'0 376'6 375'2 376'2 -1'4 377'6 11:02P Chart for @C5H Options for @C5H
May 15 384'4 384'6 383'4 384'2 -1'6 386'0 11:02P Chart for @C5K Options for @C5K
Jul 15 391'2 391'4 390'6 391'2 -1'4 392'6 11:02P Chart for @C5N Options for @C5N
Sep 15 398'0 398'0 397'6 397'6 -1'4 399'2 11:02P Chart for @C5U Options for @C5U
Dec 15 404'2 405'0 404'0 405'0 -1'0 406'0 11:01P Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 14 1090'2 1090'2 1085'0 1085'2 -4'2 1089'4 10:22P Chart for @S4U Options for @S4U
Nov 14 1020'6 1027'6 1020'2 1027'2 3'0 1024'2 11:02P Chart for @S4X Options for @S4X
Jan 15 1028'6 1035'6 1028'4 1035'6 3'2 1032'4 11:02P Chart for @S5F Options for @S5F
Mar 15 1037'0 1043'2 1037'0 1043'0 2'4 1040'4 11:02P Chart for @S5H Options for @S5H
May 15 1044'4 1049'0 1042'6 1048'4 2'2 1046'2 10:59P Chart for @S5K Options for @S5K
Jul 15 1048'0 1053'4 1048'0 1053'0 2'6 1050'2 10:59P Chart for @S5N Options for @S5N
Aug 15 1048'0 1049'6 Chart for @S5Q Options for @S5Q
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 14 149.950 151.550 149.750 151.525 1.325 151.425s 10:36P Chart for @LE4V Options for @LE4V
Dec 14 152.475 154.100 152.150 154.075 1.250 153.950s 06:00P Chart for @LE4Z Options for @LE4Z
Feb 15 153.725 154.875 153.050 154.800 0.825 154.600s 07:55P Chart for @LE5G Options for @LE5G
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 14 82.780 82.940 82.780 82.940 0.157 82.783 11:02P Chart for @DX4U Options for @DX4U
Dec 14 82.905 83.050 82.900 83.050 0.159 82.891 11:02P Chart for @DX4Z Options for @DX4Z
Mar 15 83.045 83.135 83.045 83.135 0.129 83.006 11:02P Chart for @DX5H Options for @DX5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Ag Headline News
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Klinefelter: By the Numbers
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Rainy Days and Thursdays
Mapping the CWA
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Dr. Dan Talks Agronomy

Headline News
House, Senate Flag Islamic State Risk 08/31 11:41
Putin to Ukraine:Begin Immediate Talks 08/31 11:50
Militia Claims Capture of US Embassy 08/31 11:55
Philippine Troops Escape Syrian Rebels 08/31 11:44
Al-Qaida Group Releases Lebanese Troops08/31 11:49
Campaign Cash Buying Tons of Ads 08/31 11:54
Australia to Fly Weapons to Iraq 08/31 11:43
S&P Sees 4th Record High in Five Days 08/29 16:13

Local Forecast
Rosalia, WA
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High: 76°F
Low: 52°F
Precip: 20%
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Rosalia, WA
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