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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!
FRIDAY APRIL 17, 2015



For Information on the use of Bifrenthrin Products, move your curser over the "Seed" tab.

Did you know Co-Ag has a Scholarship Program? Click on the "Scholarship Information" tab to learn more. 

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Co-Ag Farm

3/19/20
Not much news to broadcast on the markets the past month and we have seen the effect in the price. Futures set a new low the first week of March as good production weather was being reported worldwide and export numbers continued to drag or be nonexistent for the US. But with the fund market oversold at 65K+ contracts the cash market has had a little rally with a high of 6.79 as of today. With the majority of worldwide wheat being rated as good to excellent we continue to see the push to keep price or rallies relatively low, but with the short funds, weather concerns finally starting to come out of the Midwest and Syria issuing a tender for 150K MT of SWW we could see nice bump in the old crop price and hopefully drag the new crop price with it. I think as more and more crop reports hit the market and some more weather events happen we will finally see some new crop prices that we can at least feel comfortable putting some sales on the books.

As for as looking at HTA’s or Basis contracts, definitely not the time to initiate a HTA, and with a basis of +1.19 for August I am still in limbo. It is high for a NC basis, but we just saw +1.30 last week, so I am willing to sit on the sidelines and see if we get some bullish weather reactions on the futures board which will push that basis higher.  If we see  another good rally on NC price I still plan on pricing at least 20% at hopefully the $7.00 levels. As this next rally more than likely will not be a sustained rally, more of a quick run then back down I am thinking of pushing that 20% to 30-40% as with a $7.00 cash price I am a comfortable .60 over my break even and that’s something I can live with.
 



Quick Fact: Kansas is number one in flour milling in the United States.

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
 April  494'4s @W5K Chart
 May  489'2s @W5N Chart
 June  489'2s @W5N Chart
 July  497'6s @W5U Chart
 August  497'6s @W5U Chart
 September  497'6s @W5U Chart
 January  528'0s @W6H Chart

HARD RED WINTER WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 April  509'2s @KW5K Chart
 May  509'2s @KW5K Chart
 August  526'0s @KW5U Chart

DARK NORTHERN SPRING WHEAT
  ROSALIA
Futures Price Futures Month Basis Cash Price
 April  532'6s @MW5K Chart
 May  532'6s @MW5K Chart
 August  554'2s @MW5U Chart

BARLEY
  ROSALIA
Futures Price Futures Month Basis Cash Price
 April  NONE Chart
 May  NONE Chart
 June  NONE Chart
 July  NONE Chart
 August  NONE Chart
 September  NONE Chart
 January  NONE Chart

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

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

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

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

CANOLA
  ROSALIA
Futures Price Futures Month Basis Cash Price
 April  NONE Chart
 May  NONE Chart

Price as of 04/18/15 02:11AM CDT.
Month Symbols
Click to view more Cash Bids

FSC & Discounts

Fuel Surcharges       
Wheat               Barley

 

$.015 per bu   $.60 per ton

 


Protein Discount Scales
14.0% DNS (+15, -25c/.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
C5K 379'4 3'4
S5K 968'4 2'6
W5K 493'6 0'0
O5K 262'0 4'4
Stocks
MSFT 41.6150 -0.5450
WMT 77.880000 -1.360000
XOM 86.930000 -0.800000
TWX 83.400000 -1.220000



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Our Market Comments
Wheat futures are currently up 3.   USDA reported a new marketing year low of old crop sales at a net 47,900 MT.  New crop bookings were 112,500 MT and within the range of published expectations. The old crop marketing year ends May 31. Export commitments total 98% of the full year forecast. They would typically be 101% by now. It will thus take a stronger than expected shipping pace to hit the recently lowered USDA figure of 880 million bushels for the year.
 
Pea & Lentil bids -  04/06/2015  Pea & Lentil Council completed their own survey of spring planting intentions and compared that to NASS.
WASHINGTON                              NASS                             INDUSTRY                   2014 Actual                 NASS DIFF.                  IND. DIFF
All Peas                                            90,000                           95,000                           90,000                           SAME                            Up 6%
Lentils                                               55,000                           65,000                           51,000                           Up 8%                           Up 28%
All Chickpeas                                  70,000                           87,000                           90,000                           Down 22%                   Down 3%
                                                            IDAHO                                              MONTANA                 N. DAKOTA
All Peas                                            DOWN 7%-13%                            UP 3%-9%                   UP 11%-17%
Lentils                                               UP                                                     UP15%-38%                UP 67%-73%
All Chickpeas                                  DOWN 7%-15%                            DOWN                          UP 9%-38%

Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 15 494'2 499'6 490'6 493'2 0'0 494'4s 04/17 Chart for @W5K Options for @W5K
Jul 15 490'2 495'0 487'2 488'0 -1'4 489'2s 04/17 Chart for @W5N Options for @W5N
Sep 15 499'4 503'2 496'0 496'2 -1'4 497'6s 04/17 Chart for @W5U Options for @W5U
Dec 15 515'2 518'2 511'2 512'0 -1'4 513'2s 04/17 Chart for @W5Z Options for @W5Z
Mar 16 527'0 532'4 526'4 527'6 -1'4 528'0s 04/17 Chart for @W6H Options for @W6H
May 16 539'2 540'2 537'0 538'2 -1'6 538'4s 04/17 Chart for @W6K Options for @W6K
Jul 16 543'4 544'4 542'0 542'0 -2'0 540'6s 04/17 Chart for @W6N Options for @W6N
Sep 16 559'2 -2'4 549'0s 04/17 Chart for @W6U Options for @W6U
Dec 16 562'6 -0'6 565'0s 04/17 Chart for @W6Z Options for @W6Z
Mar 17 615'0 -1'0 573'0s 04/17 Chart for @W7H Options for @W7H
May 17 629'4 -1'0 575'4s 04/17 Chart for @W7K Options for @W7K
Jul 17 619'0 -1'0 556'0s 04/17 Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 15 508'6 513'6 505'6 508'6 1'0 509'2s 04/17 Chart for @KW5K Options for @KW5K
Jul 15 513'6 519'2 511'6 513'4 0'6 514'6s 04/17 Chart for @KW5N Options for @KW5N
Sep 15 526'0 531'2 523'4 524'6 -0'4 526'0s 04/17 Chart for @KW5U Options for @KW5U
Dec 15 543'2 548'4 541'4 542'6 0'0 543'6s 04/17 Chart for @KW5Z Options for @KW5Z
Mar 16 557'0 560'6 554'6 557'0 0'0 556'6s 04/17 Chart for @KW6H Options for @KW6H
May 16 568'6 569'0 566'0 566'0 0'0 565'2s 04/17 Chart for @KW6K Options for @KW6K
Jul 16 575'6 576'0 572'4 572'4 -0'4 571'2s 04/17 Chart for @KW6N Options for @KW6N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 15 535'0 536'6 531'2 532'2 -2'2 532'6s 04/17 Chart for @MW5K Options for @MW5K
Jul 15 547'0 548'4 542'2 544'2 -2'2 544'2s 04/17 Chart for @MW5N Options for @MW5N
Sep 15 556'2 558'6 552'0 554'2 -2'0 554'2s 04/17 Chart for @MW5U Options for @MW5U
Dec 15 568'2 570'6 563'6 566'0 -1'2 567'0s 04/17 Chart for @MW5Z Options for @MW5Z
Mar 16 581'4 583'0 578'0 582'6 -0'6 581'4s 04/17 Chart for @MW6H Options for @MW6H
May 16 588'0 588'0 588'0 588'0 -0'6 589'4s 04/17 Chart for @MW6K Options for @MW6K
Jul 16 601'0 -0'2 591'6s 04/17 Chart for @MW6N Options for @MW6N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 15 376'2 380'6 375'0 379'6 3'4 379'6s 04/17 Chart for @C5K Options for @C5K
Jul 15 383'0 387'4 381'4 386'2 3'4 386'6s 04/17 Chart for @C5N Options for @C5N
Sep 15 390'4 394'6 389'0 393'6 3'2 394'0s 04/17 Chart for @C5U Options for @C5U
Dec 15 400'2 404'0 398'4 402'6 3'0 403'2s 04/17 Chart for @C5Z Options for @C5Z
Mar 16 410'2 414'2 409'0 413'2 2'4 413'0s 04/17 Chart for @C6H Options for @C6H
May 16 416'6 421'0 416'2 421'0 2'4 420'2s 04/17 Chart for @C6K Options for @C6K
Jul 16 423'6 427'0 422'0 425'4 2'4 426'2s 04/17 Chart for @C6N Options for @C6N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 15 965'2 972'4 963'0 967'6 2'6 968'6s 04/17 Chart for @S5K Options for @S5K
Jul 15 968'2 975'4 966'2 970'2 2'4 971'4s 04/17 Chart for @S5N Options for @S5N
Aug 15 967'4 973'2 965'2 967'2 1'0 968'0s 04/17 Chart for @S5Q Options for @S5Q
Sep 15 958'2 962'6 956'4 957'2 0'0 957'6s 04/17 Chart for @S5U Options for @S5U
Nov 15 951'0 957'6 950'4 951'2 0'0 952'6s 04/17 Chart for @S5X Options for @S5X
Jan 16 957'4 963'0 957'2 957'4 0'0 959'0s 04/17 Chart for @S6F Options for @S6F
Mar 16 962'2 966'6 961'0 961'2 -0'2 962'6s 04/17 Chart for @S6H Options for @S6H
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 15 160.900 161.075 157.800 157.800 - 3.000 157.800s 04/17 Chart for @LE5J Options for @LE5J
Jun 15 152.150 152.350 149.000 149.000 - 3.000 149.000s 04/17 Chart for @LE5M Options for @LE5M
Aug 15 149.750 150.025 146.675 146.675 - 3.000 146.675s 04/17 Chart for @LE5Q Options for @LE5Q
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 15 97.890 98.030 97.170 97.615 0.093 97.707s 04/17 Chart for @DX5M Options for @DX5M
Sep 15 98.375 98.465 97.675 98.065 0.114 98.167s 04/17 Chart for @DX5U Options for @DX5U
Dec 15 98.810 98.820 98.040 98.600 0.107 98.605s 04/17 Chart for @DX5Z Options for @DX5Z
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Rosalia, WA
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Rosalia, WA
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