Welcome



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



GOOD MORNING OCTOBER 31, 2014

Co-Ag Annual Stockholders Meeting Is Wednesday, November 5th
At The Centerplace.

2426 N Discovery Pl, Spokane Valley, WA 99216
Sign in at 9:30 Meeting is from 10:00-12:00
Lunch Will Be Served At Noon
Click Here For Directions





 

 
 

 
 



 



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
 November  532'4s @W4Z Chart
 December  532'4s @W4Z Chart
 January  545'6s @W5H Chart
 August  570'4s @W5U Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 November  593'6s @KW4Z Chart
 December  593'6s @KW4Z Chart
 January  599'0s @KW5H Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 November  574'2s @MW4Z Chart
 December  574'2s @MW4Z Chart
 January  584'4s @MW5H Chart

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

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

Price as of 11/01/14 05:50AM 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
Click Here to Customize
Commodities
C4Z 375'0 2'6
S4X 1047'0 22'2
W4Z 532'0 -3'4
O4Z 335'4 -2'2
Stocks
MSFT 46.9500 0.9000
WMT 76.2700 -0.1800
XOM 96.710000 2.260000
TWX 79.4700 -0.1800



DTN Weather
Local Weather
Radar
County Forecast
State Forecast
DTN Weather Commentary
US Satellite
Current Surface Analysis
Wind Conditions
Today's Forecast Highs
Tonight's Forecast Lows
24 Hr Surface Forecast
Jet Stream Forecast
24 Hr Rainfall Estimate
24 Hr StormPath Accum
48 Hr StormPath Accum
6-10 Day Temp Forecast
6-10 Day Precip Forecast
Thunderstorm Outlook
US Drought Monitor
US Palmer Drought Index
US Crop Moisture Index
US Growing Degree Days
Soil Temperatures
Hurricane Tracking


Our Market Comments
Wheat futures are currently down 9.  Wheat is without many NEW headlines this morning as the trade continues to monitor production concerns in Argentina, Australia, and the Black Sea region. Interestingly Russia's Central Bank hiked their key interest rate (150-bp), a more hawkish move than expected, in an effort to stop the decline of the Ruble. This doesn't appear to have had much effect. The reason this is important is because as the Ruble continues to tumble, Russian wheat prices will continue to attract more global buyers. Meaning tougher exporting conditions for US suppliers.

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 14 536'0 539'0 523'0 531'6 -3'4 532'4s 10/31 Chart for @W4Z Options for @W4Z
Mar 15 549'0 552'0 536'4 545'0 -3'2 545'6s 10/31 Chart for @W5H Options for @W5H
May 15 558'0 559'0 544'4 552'2 -3'6 553'2s 10/31 Chart for @W5K Options for @W5K
Jul 15 564'0 567'0 552'0 558'2 -4'4 560'2s 10/31 Chart for @W5N Options for @W5N
Sep 15 576'0 577'0 563'0 567'4 -4'6 570'4s 10/31 Chart for @W5U Options for @W5U
Dec 15 590'0 590'0 575'4 581'0 -4'4 583'0s 10/31 Chart for @W5Z Options for @W5Z
Mar 16 594'2 594'2 587'2 587'2 -4'4 593'2s 10/31 Chart for @W6H Options for @W6H
May 16 600'0 -4'2 599'0s 10/31 Chart for @W6K Options for @W6K
Jul 16 601'2 -4'0 597'0s 10/31 Chart for @W6N Options for @W6N
Sep 16 604'0 -4'0 604'0s 10/31 Chart for @W6U Options for @W6U
Dec 16 610'0 -4'0 612'4s 10/31 Chart for @W6Z Options for @W6Z
Mar 17 613'6 -4'0 613'6s 10/31 Chart for @W7H Options for @W7H
May 17 596'0 -4'0 596'0s 10/31 Chart for @W7K Options for @W7K
Jul 17 593'6 -4'0 593'6s 10/31 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 601'2 603'4 587'0 591'6 -8'2 593'6s 10/31 Chart for @KW4Z Options for @KW4Z
Mar 15 606'4 608'0 593'0 597'0 -8'2 599'0s 10/31 Chart for @KW5H Options for @KW5H
May 15 609'2 609'4 595'6 600'4 -7'6 601'4s 10/31 Chart for @KW5K Options for @KW5K
Jul 15 603'6 605'0 591'6 596'2 -6'0 597'6s 10/31 Chart for @KW5N Options for @KW5N
Sep 15 611'0 613'4 602'0 603'4 -5'4 607'4s 10/31 Chart for @KW5U Options for @KW5U
Dec 15 620'6 621'0 615'0 617'0 -5'2 620'4s 10/31 Chart for @KW5Z Options for @KW5Z
Mar 16 635'0 -5'0 629'2s 10/31 Chart for @KW6H Options for @KW6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 577'0 578'2 567'0 574'2 -3'4 574'2s 10/31 Chart for @MW4Z Options for @MW4Z
Mar 15 588'6 589'0 577'4 584'0 -4'2 584'4s 10/31 Chart for @MW5H Options for @MW5H
May 15 598'4 598'4 587'2 593'6 -4'4 593'0s 10/31 Chart for @MW5K Options for @MW5K
Jul 15 607'4 607'4 596'6 601'4 -5'0 602'2s 10/31 Chart for @MW5N Options for @MW5N
Sep 15 612'4 612'4 605'0 607'6 -5'2 610'2s 10/31 Chart for @MW5U Options for @MW5U
Dec 15 626'6 626'6 619'6 625'6 -5'4 624'4s 10/31 Chart for @MW5Z Options for @MW5Z
Mar 16 630'0 630'0 630'0 630'0 -5'2 634'0s 10/31 Chart for @MW6H Options for @MW6H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 372'6 378'0 368'0 376'2 2'6 376'6s 10/31 Chart for @C4Z Options for @C4Z
Mar 15 385'4 390'2 380'6 388'6 2'2 389'2s 10/31 Chart for @C5H Options for @C5H
May 15 394'0 398'6 389'4 397'2 2'2 398'0s 10/31 Chart for @C5K Options for @C5K
Jul 15 400'4 405'2 396'0 403'4 1'6 404'2s 10/31 Chart for @C5N Options for @C5N
Sep 15 407'0 411'0 402'4 409'4 1'6 410'2s 10/31 Chart for @C5U Options for @C5U
Dec 15 414'6 419'2 410'2 418'0 2'0 418'4s 10/31 Chart for @C5Z Options for @C5Z
Mar 16 425'0 426'0 418'6 425'6 2'0 426'6s 10/31 Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 1023'0 1052'2 1012'2 1041'0 22'2 1046'4s 10/31 Chart for @S4X Options for @S4X
Jan 15 1028'2 1054'0 1016'4 1042'4 19'4 1049'2s 10/31 Chart for @S5F Options for @S5F
Mar 15 1034'2 1058'2 1023'0 1047'0 17'2 1053'2s 10/31 Chart for @S5H Options for @S5H
May 15 1040'6 1062'6 1029'6 1052'0 15'4 1058'0s 10/31 Chart for @S5K Options for @S5K
Jul 15 1047'2 1067'2 1035'0 1056'6 14'4 1062'6s 10/31 Chart for @S5N Options for @S5N
Aug 15 1050'2 1066'0 1036'4 1058'6 13'6 1062'6s 10/31 Chart for @S5Q Options for @S5Q
Sep 15 1032'6 1045'2 1019'0 1041'0 14'2 1042'4s 10/31 Chart for @S5U Options for @S5U
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Dec 14 167.450 167.750 165.450 166.250 - 1.275 166.050s 10/31 Chart for @LE4Z Options for @LE4Z
Feb 15 167.475 167.800 165.525 166.200 - 1.375 166.100s 10/31 Chart for @LE5G Options for @LE5G
Apr 15 166.150 166.750 164.925 165.600 - 0.575 165.600s 10/31 Chart for @LE5J Options for @LE5J
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 14 86.250 87.245 86.230 87.055 0.784 87.016s 10/31 Chart for @DX4Z Options for @DX4Z
Mar 15 86.470 87.435 86.420 87.185 0.807 87.209s 10/31 Chart for @DX5H Options for @DX5H
Jun 15 86.620 87.605 86.620 87.305 0.807 87.394s 10/31 Chart for @DX5M Options for @DX5M
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Ag Headline News
Costs Slow to Realign
Crop Tech Corner
DTN Distillers Grain Weekly Update
Kansas Points Out CWA Flaws
Vilsack on Future of Farming
GMOs Confuse China Consumers, Too
DTN Fertilizer Outlook
Kub's Den
Todd's Take

Headline News
Economy, Health Care Top Poll 10/31 06:05
Japan Expands Stimulus to Spur Recovery10/31 06:12
Africans Worst Responders to Ebola 10/31 06:01
Bombs Near Baghdad Kill 9 People 10/31 06:08
Heavy Security as Israel Reopens Site 10/31 06:11
Russia: Gas Resumes After Ukraine Pays 10/31 06:04
Manhunt Ends for Trooper Ambush Suspect10/31 06:07
Wall Street Caps Wild Month With Rally 10/31 15:32

Local Forecast
Rosalia, WA
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 51°F
Low: 43°F
Precip: 80%
High: 50°F
Low: 35°F
Precip: 20%
High: 51°F
Low: 36°F
Precip: 78%
High: 54°F
Low: 43°F
Precip: 78%
High: 56°F
Low: 42°F
Precip: 75%
View complete Local Weather

Local Radar
Rosalia, WA
Chg Zip Code: 
 
Radar
View complete Local Weather

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN