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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."

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 certIf a regrade is requested, the second grade WILL replace the original.



 

GOOD MORNING
AUGUST 26, 2016 



Click Here To Watch A Brief Video About
Blending Grain With Low Falling Numbers

 

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
 August  383'4s @W6U Chart
 September  383'4s @W6U Chart
 October  407'4s @W6Z Chart
 November  407'4s @W6Z Chart
 December  407'4s @W6Z Chart
 January  432'0s @W7H Chart
 February  432'0s @W7H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  389'6s @KW6U Chart
 September  389'6s @KW6U Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  492'4s @MW6U Chart
 September  492'4s @MW6U Chart

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

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

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

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

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

Price as of 08/26/16 08:03PM 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 (+10, -20 c/.25% from 14% to 15.5%)
11.5% HRW (+10, -30 c/.5% from 11.5% to 13%)

Falling Number discounts (300 minimum)
$.25 for every 25 points under 300, below 225 subject

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
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Commodities
@C6U 316'6 -7'2
@S6U 989'6 -7'4
@W6U 382'2 -17'6
@O6U 169'0 -3'6
Stocks
MSFT 58.0300 -0.1400
WMT 71.140000 -0.080000
XOM 87.270000 -0.190000
TWX 79.240000 -0.570000



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Our Market Comments
Futures are currently down 12. Wheat prices are being pulled lower as of late by additional pressure on corn and soybean prices. To add to the negative press, the International Grains Council (IGC) confirmed some the bearish rhetoric by raising it's global wheat production estimate  significantly higher to 743 MMTs.   

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
Sep 16 401'2 402'2 381'0 382'2 -17'6 383'4s 03:45P Chart for @W6U Options for @W6U
Dec 16 422'2 424'4 405'0 406'2 -16'2 407'4s 03:00P Chart for @W6Z Options for @W6Z
Mar 17 446'4 447'4 429'2 431'0 -14'6 432'0s 02:52P Chart for @W7H Options for @W7H
May 17 460'0 460'6 444'2 445'4 -14'0 446'6s 02:52P Chart for @W7K Options for @W7K
Jul 17 469'2 470'0 453'4 455'0 -14'2 455'6s 01:30P Chart for @W7N Options for @W7N
Sep 17 485'0 485'0 470'0 470'0 -12'6 471'2s 01:20P Chart for @W7U Options for @W7U
Dec 17 504'0 504'0 491'6 492'4 -11'2 492'4s 02:30P Chart for @W7Z Options for @W7Z
Mar 18 512'0 512'0 512'0 512'0 -10'2 509'2s 01:20P Chart for @W8H Options for @W8H
May 18 516'0 -10'2 516'0s 01:20P Chart for @W8K Options for @W8K
Jul 18 507'4 -10'6 502'0s 01:20P Chart for @W8N Options for @W8N
Sep 18 502'0 -10'6 502'0s 01:20P Chart for @W8U Options for @W8U
Dec 18 538'0 -10'6 522'0s 01:30P Chart for @W8Z Options for @W8Z
Mar 19 522'0 -10'6 522'0s 01:20P Chart for @W9H Options for @W9H
May 19 522'0 -10'6 522'0s 01:20P Chart for @W9K Options for @W9K
Jul 19 514'0 -10'6 514'0s 01:20P Chart for @W9N Options for @W9N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 16 405'2 406'6 388'4 389'2 -15'6 389'6s 02:31P Chart for @KW6U Options for @KW6U
Dec 16 431'4 433'4 415'4 416'2 -15'4 416'6s 03:41P Chart for @KW6Z Options for @KW6Z
Mar 17 449'0 449'4 431'6 432'4 -15'6 432'6s 02:44P Chart for @KW7H Options for @KW7H
May 17 458'6 459'2 442'4 443'0 -15'4 443'2s 02:44P Chart for @KW7K Options for @KW7K
Jul 17 469'2 469'4 452'4 453'2 -14'4 453'6s 02:31P Chart for @KW7N Options for @KW7N
Sep 17 485'0 485'0 470'0 470'0 -14'4 470'0s 01:30P Chart for @KW7U Options for @KW7U
Dec 17 507'2 507'6 494'0 494'4 -13'2 494'4s 01:21P Chart for @KW7Z Options for @KW7Z
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 16 496'2 499'6 491'4 494'0 -5'2 492'4s 01:40P Chart for @MW6U Options for @MW6U
Dec 16 503'6 504'4 491'6 493'0 -11'6 492'6s 03:14P Chart for @MW6Z Options for @MW6Z
Mar 17 515'2 516'2 504'0 506'0 -11'2 505'0s 03:35P Chart for @MW7H Options for @MW7H
May 17 522'6 523'0 513'6 515'4 -11'0 514'6s 03:35P Chart for @MW7K Options for @MW7K
Jul 17 535'0 535'0 523'4 524'0 -11'2 524'2s 03:35P Chart for @MW7N Options for @MW7N
Sep 17 545'2 545'2 535'0 535'0 -10'4 534'6s 01:40P Chart for @MW7U Options for @MW7U
Dec 17 557'2 557'2 549'2 549'2 -10'2 549'4s 01:40P Chart for @MW7Z Options for @MW7Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 16 323'4 325'2 315'6 316'6 -7'2 316'2s 03:57P Chart for @C6U Options for @C6U
Dec 16 332'0 334'0 324'4 325'2 -7'0 325'0s 03:58P Chart for @C6Z Options for @C6Z
Mar 17 342'0 343'4 334'2 335'0 -7'4 334'4s 03:18P Chart for @C7H Options for @C7H
May 17 349'0 350'4 341'4 342'2 -7'2 341'6s 03:33P Chart for @C7K Options for @C7K
Jul 17 358'0 358'0 348'6 349'4 -6'6 349'0s 02:51P Chart for @C7N Options for @C7N
Sep 17 363'0 364'0 356'0 356'4 -6'6 356'2s 01:30P Chart for @C7U Options for @C7U
Dec 17 373'2 374'0 366'2 366'6 -6'2 366'6s 01:30P Chart for @C7Z Options for @C7Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 16 996'4 1002'2 982'4 989'6 -7'4 990'6s 02:36P Chart for @S6U Options for @S6U
Nov 16 974'2 980'2 960'4 967'0 -8'2 967'2s 03:58P Chart for @S6X Options for @S6X
Jan 17 976'2 982'0 963'0 969'4 -7'6 969'6s 01:30P Chart for @S7F Options for @S7F
Mar 17 978'4 981'6 963'4 970'2 -6'0 970'4s 01:30P Chart for @S7H Options for @S7H
May 17 975'0 981'2 965'0 971'2 -4'4 972'0s 01:30P Chart for @S7K Options for @S7K
Jul 17 976'2 982'0 966'4 973'4 -3'0 973'6s 01:30P Chart for @S7N Options for @S7N
Aug 17 970'0 976'0 963'4 969'0 -1'2 969'2s 01:30P Chart for @S7Q Options for @S7Q
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 16 112.250 112.750 110.025 110.025 - 2.125 110.350s 04:08P Chart for @LE6Q Options for @LE6Q
Oct 16 108.450 109.425 106.200 106.200 - 2.175 106.350s 04:08P Chart for @LE6V Options for @LE6V
Dec 16 109.825 110.850 107.950 108.100 - 1.850 108.100s 04:08P Chart for @LE6Z Options for @LE6Z
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Rosalia, WA
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