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



GOOD MORNING AUGUST 29, 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
 August  550'2s @W4U Chart
 September  550'2s @W4U Chart
 October  563'4s @W4Z Chart
 November  563'4s @W4Z Chart
 December  563'4s @W4Z Chart
 January  582'4s @W5H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  626'2s @KW4U Chart
 Sept  642'6s @KW4Z Chart
 December  651'4s @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August  615'0s @MW4U Chart
 September  629'6s @MW4Z Chart
 December  643'0s @MW5H Chart

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

PARDINA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

BREWER/MERRITT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

GREEN PEAS
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

YELLOW PEAS
  ROSALIA
Futures Price Futures Month Basis Cash Price
 August (2014)  NONE Chart

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

Price as of 08/30/14 03:09AM 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
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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 14 555'0 562'2 546'0 549'2 -6'2 550'2s 08/29 Chart for @W4U Options for @W4U
Dec 14 570'0 578'6 561'2 563'0 -8'2 563'4s 08/29 Chart for @W4Z Options for @W4Z
Mar 15 589'0 597'4 580'4 582'4 -8'6 582'4s 08/29 Chart for @W5H Options for @W5H
May 15 604'0 606'0 590'0 593'0 -8'4 592'2s 08/29 Chart for @W5K Options for @W5K
Jul 15 604'0 610'2 596'4 599'6 -6'0 599'2s 08/29 Chart for @W5N Options for @W5N
Sep 15 612'2 618'4 606'6 608'6 -5'4 608'0s 08/29 Chart for @W5U Options for @W5U
Dec 15 628'2 632'6 621'0 623'6 -3'6 623'2s 08/29 Chart for @W5Z Options for @W5Z
Mar 16 626'0 -3'4 632'4s 08/29 Chart for @W6H Options for @W6H
May 16 615'6 -3'4 632'0s 08/29 Chart for @W6K Options for @W6K
Jul 16 619'6 -3'0 627'0s 08/29 Chart for @W6N Options for @W6N
Sep 16 634'0 -3'0 634'0s 08/29 Chart for @W6U Options for @W6U
Dec 16 634'4 -3'0 641'0s 08/29 Chart for @W6Z Options for @W6Z
Mar 17 641'0 -3'0 641'0s 08/29 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 08/29 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 632'2 639'2 623'6 626'4 -8'6 626'2s 08/29 Chart for @KW4U Options for @KW4U
Dec 14 642'6 652'0 638'4 642'0 -2'0 642'6s 08/29 Chart for @KW4Z Options for @KW4Z
Mar 15 652'0 660'2 647'6 650'6 -1'6 651'4s 08/29 Chart for @KW5H Options for @KW5H
May 15 661'6 663'4 651'6 656'0 -1'0 655'4s 08/29 Chart for @KW5K Options for @KW5K
Jul 15 650'0 653'4 642'0 645'6 0'4 646'0s 08/29 Chart for @KW5N Options for @KW5N
Sep 15 660'0 660'0 654'0 657'2 0'0 657'0s 08/29 Chart for @KW5U Options for @KW5U
Dec 15 677'6 677'6 670'4 670'6 0'2 672'4s 08/29 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 08/29 Chart for @MW4U Options for @MW4U
Dec 14 632'0 641'0 626'0 628'4 -2'2 629'6s 08/29 Chart for @MW4Z Options for @MW4Z
Mar 15 650'0 654'4 638'0 643'2 -2'0 643'0s 08/29 Chart for @MW5H Options for @MW5H
May 15 661'0 661'0 647'6 650'0 -1'2 652'6s 08/29 Chart for @MW5K Options for @MW5K
Jul 15 665'6 670'0 655'0 658'6 -1'2 660'0s 08/29 Chart for @MW5N Options for @MW5N
Sep 15 671'4 675'0 661'0 666'0 -2'0 667'0s 08/29 Chart for @MW5U Options for @MW5U
Dec 15 689'0 689'0 689'0 689'0 -2'2 679'2s 08/29 Chart for @MW5Z Options for @MW5Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 360'0 361'6 356'0 360'2 -2'6 359'0s 08/29 Chart for @C4U Options for @C4U
Dec 14 368'0 369'0 362'4 366'0 -4'4 364'6s 08/29 Chart for @C4Z Options for @C4Z
Mar 15 380'4 381'6 375'4 379'0 -4'4 377'6s 08/29 Chart for @C5H Options for @C5H
May 15 389'0 390'0 383'6 387'2 -4'4 386'0s 08/29 Chart for @C5K Options for @C5K
Jul 15 395'2 396'4 390'4 394'0 -4'2 392'6s 08/29 Chart for @C5N Options for @C5N
Sep 15 401'6 402'4 397'0 400'2 -4'0 399'2s 08/29 Chart for @C5U Options for @C5U
Dec 15 407'2 408'6 404'0 406'4 -3'2 406'0s 08/29 Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 14 1070'2 1095'6 1070'2 1090'0 15'6 1089'4s 08/29 Chart for @S4U Options for @S4U
Nov 14 1028'6 1034'0 1021'0 1024'4 -4'4 1024'2s 08/29 Chart for @S4X Options for @S4X
Jan 15 1036'2 1041'0 1029'0 1032'4 -4'0 1032'4s 08/29 Chart for @S5F Options for @S5F
Mar 15 1043'4 1048'4 1036'6 1040'0 -3'2 1040'4s 08/29 Chart for @S5H Options for @S5H
May 15 1050'0 1054'2 1042'4 1045'6 -4'0 1046'2s 08/29 Chart for @S5K Options for @S5K
Jul 15 1056'4 1059'2 1046'6 1049'6 -4'4 1050'2s 08/29 Chart for @S5N Options for @S5N
Aug 15 1048'0 1048'0 1048'0 1048'0 -5'2 1049'6s 08/29 Chart for @S5Q Options for @S5Q
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 14 154.925 155.950 154.900 155.950 1.250 155.900s 08/29 Chart for @LE4Q Options for @LE4Q
Oct 14 149.950 151.550 149.750 151.525 1.325 151.425s 08/29 Chart for @LE4V Options for @LE4V
Dec 14 152.475 154.100 152.150 154.075 1.250 153.950s 08/29 Chart for @LE4Z Options for @LE4Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 14 82.495 82.790 82.445 82.740 0.267 82.783s 08/29 Chart for @DX4U Options for @DX4U
Dec 14 82.610 82.890 82.555 82.840 0.262 82.891s 08/29 Chart for @DX4Z Options for @DX4Z
Mar 15 82.740 83.035 82.700 83.000 0.262 83.006s 08/29 Chart for @DX5H Options for @DX5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Ag Headline News
Klinefelter: By the Numbers
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USDA Readies Dairy Program
Rainy Days and Thursdays
Mapping the CWA
China Reform May Add Demand
Dr. Dan Talks Agronomy
DTN Retail Fertilizer Trends
View From the Cab

Headline News
Obama Cautions Against Using Force 08/29 06:11
EU Weighs Increasing Russia Sanctions 08/29 06:18
Peacekeepers Held Captive in Syria 08/29 06:21
Israel Identifies Missing US Student 08/29 06:14
Libya Malitia Accepts UN Call for Truce08/29 06:17
Pilot Killed in Virginia F-15 Crash 08/29 06:20
Japan Seeks Record Defense Budget 08/29 06:13
S&P Sees 4th Record High in Five Days 08/29 16:13

Local Forecast
Rosalia, WA
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Saturday

Sunday

Monday

Tuesday

Wednesday
High: 75°F
Low: 54°F
Precip: 20%
High: 72°F
Low: 51°F
Precip: 22%
High: 73°F
Low: 50°F
Precip: 20%
High: 75°F
Low: 53°F
Precip: 0%
High: 72°F
Low: 51°F
Precip: 0%
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Rosalia, WA
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