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GOOD AFTERNOON OCTOBER 22, 2014



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
 October  519'6 @W4Z Chart
 November  519'6 @W4Z Chart
 December  519'6 @W4Z Chart
 January  533'2 @W5H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  602'4 @KW4Z Chart
 November  602'4 @KW4Z Chart
 December  602'4 @KW4Z Chart
 January  604'2 @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 October  567'6 @MW4Z Chart
 November  567'6 @MW4Z Chart
 December  567'6 @MW4Z Chart
 January  578'2s @MW5H Chart

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

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

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

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

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

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

Price as of 10/22/14 08:36PM 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 (+20, -40c/.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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Commodities
C4Z 352'2 -3'0
S4X 960'0 -1'4
W4Z 522'0 3'0
O4Z 338'0 3'0
Stocks
MSFT 44.3800 -0.5000
WMT 76.0300 0.0100
XOM 93.130000 -0.520000
TWX 76.5700 -0.6500



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Our Market Comments
Wheat futures currently down 3.   Wheat is being pulled slightly higher by corn on limited news. It's tough to explain since the US remains uncompetitive in the larger global marketplace.  Egypt continues to make purchases from France, Romania and Russia...NOT the US. We also have the bearish headlines of Argentina's government releasing more wheat export licenses, which in theory should keep Brazilian wheat purchases form the US somewhat limited.

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
Dec 14 520'2 521'6 519'2 519'6 -2'4 522'2 08:25P Chart for @W4Z Options for @W4Z
Mar 15 534'6 535'4 533'2 533'2 -2'6 536'0 08:25P Chart for @W5H Options for @W5H
May 15 543'4 543'4 541'2 541'2 -2'4 543'6 08:24P Chart for @W5K Options for @W5K
Jul 15 548'6 549'0 548'6 549'0 -0'6 549'6 08:25P Chart for @W5N Options for @W5N
Sep 15 559'2 559'4 Chart for @W5U Options for @W5U
Dec 15 570'6 577'2 566'2 571'6 3'0 571'6s 08:25P Chart for @W5Z Options for @W5Z
Mar 16 576'0 580'6 Chart for @W6H Options for @W6H
May 16 585'0 584'6 Chart for @W6K Options for @W6K
Jul 16 579'0 584'0 579'0 584'0 4'4 583'4s 01:30P Chart for @W6N Options for @W6N
Sep 16 590'4 4'4 590'4s 07:00P Chart for @W6U Options for @W6U
Dec 16 595'0 4'6 598'0s 07:00P Chart for @W6Z Options for @W6Z
Mar 17 599'2 4'6 599'2s 07:00P Chart for @W7H Options for @W7H
May 17 599'6 1'4 599'6s 01:30P Chart for @W7K Options for @W7K
Jul 17 579'2 4'6 579'2s 01:30P Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 604'0 604'2 602'4 602'4 -2'6 605'2 08:25P Chart for @KW4Z Options for @KW4Z
Mar 15 604'2 604'2 604'2 604'2 -2'0 606'2 08:25P Chart for @KW5H Options for @KW5H
May 15 603'0 603'0 602'2 603'0 -2'0 605'0 08:25P Chart for @KW5K Options for @KW5K
Jul 15 595'2 595'2 595'0 595'0 -2'0 597'0 08:25P Chart for @KW5N Options for @KW5N
Sep 15 608'0 614'4 608'0 609'2 2'0 608'4s 08:25P Chart for @KW5U Options for @KW5U
Dec 15 624'6 630'4 621'0 625'6 2'6 626'0s 07:09P Chart for @KW5Z Options for @KW5Z
Mar 16 598'6 2'6 633'6s 07:09P Chart for @KW6H Options for @KW6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 568'6 568'6 567'4 567'6 -1'0 568'6 08:25P Chart for @MW4Z Options for @MW4Z
Mar 15 580'0 587'0 576'0 578'6 0'0 578'2s 08:18P Chart for @MW5H Options for @MW5H
May 15 585'4 585'4 585'4 585'4 0'0 585'4 08:25P Chart for @MW5K Options for @MW5K
Jul 15 596'4 601'4 591'4 594'2 -0'2 593'4s 08:18P Chart for @MW5N Options for @MW5N
Sep 15 600'0 609'4 599'4 601'2 -0'6 601'0s 08:18P Chart for @MW5U Options for @MW5U
Dec 15 617'2 623'6 615'0 616'2 -0'2 616'2s 08:18P Chart for @MW5Z Options for @MW5Z
Mar 16 636'0 -0'2 626'4s 08:08P Chart for @MW6H Options for @MW6H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 352'0 353'0 351'4 352'2 -0'6 353'0 08:25P Chart for @C4Z Options for @C4Z
Mar 15 366'0 367'0 365'4 366'0 -1'0 367'0 08:25P Chart for @C5H Options for @C5H
May 15 374'6 375'6 374'4 374'6 -1'2 376'0 08:25P Chart for @C5K Options for @C5K
Jul 15 382'2 382'6 381'6 382'0 -1'2 383'2 08:25P Chart for @C5N Options for @C5N
Sep 15 388'4 390'0 388'4 390'0 -0'2 390'2 08:25P Chart for @C5U Options for @C5U
Dec 15 398'0 399'0 397'6 399'0 0'0 399'0 08:25P Chart for @C5Z Options for @C5Z
Mar 16 408'2 407'6 Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 960'6 961'4 956'0 958'0 -4'6 962'6 08:25P Chart for @S4X Options for @S4X
Jan 15 967'6 968'4 963'0 964'6 -5'0 969'6 08:25P Chart for @S5F Options for @S5F
Mar 15 975'0 976'0 970'4 972'0 -5'0 977'0 08:25P Chart for @S5H Options for @S5H
May 15 982'0 983'0 978'6 980'0 -4'6 984'6 08:25P Chart for @S5K Options for @S5K
Jul 15 988'6 990'2 985'2 985'2 -5'6 991'0 08:25P Chart for @S5N Options for @S5N
Aug 15 1000'6 992'2 Chart for @S5Q Options for @S5Q
Sep 15 988'6 996'0 980'2 980'2 -1'2 980'6s 08:25P Chart for @S5U Options for @S5U
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 14 168.400 168.400 168.250 168.250 0.200 168.050 08:18P Chart for @LE4V Options for @LE4V
Dec 14 168.400 168.500 168.300 168.450 0.350 168.100 08:25P Chart for @LE4Z Options for @LE4Z
Feb 15 167.600 167.775 167.600 167.725 0.100 167.625 08:23P Chart for @LE5G Options for @LE5G
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 14 85.870 85.915 85.820 85.870 0.016 85.854 08:25P Chart for @DX4Z Options for @DX4Z
Mar 15 86.045 86.090 86.045 86.060 0.038 86.022 08:24P Chart for @DX5H Options for @DX5H
Jun 15 86.045 86.202 Chart for @DX5M Options for @DX5M
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Advocating for Biotech Wheat
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Social Security to go up 1.7% 10/22 08:27
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Blackwater Guards Found Guilty 10/22 12:04
US Gov't Stocks Up for Green Cards 10/22 06:28
US To Track Visitors From Ebola Nations10/22 11:53
Slide in Energy Drags Stocks Down 10/22 15:17

Local Forecast
Rosalia, WA
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Monday
High: 56°F
Low: 48°F
Precip: 80%
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Rosalia, WA
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