Announcements

Monsanto Soft White Wheat Litigation

IF YOU GROW SOFT WHITE WHEAT IN IDAHO, OREGON, OR WASHINGTON, YOU MAY BENEFIT FROM THIS SETTLEMENT.

Monsanto Company has agreed to a $2.375 million settlement with soft white wheat farmers in Idaho, Oregon, and Washington to resolve a number of lawsuits related to the May 2013 discovery of genetically-modified wheat on a farm in Eastern Oregon and subsequent temporary limits on certain exports of soft white wheat. Under the settlement, Monsanto has agreed to pay $2.125 million into a settlement fund to compensate eligible farmers who sold or priced for sale between May 30, 2013 and November 30, 2013 soft white wheat farmed in Idaho, Oregon or Washington.

Website: www.swwsettlement.com     

 

Market Comments

Markets traded higher today on continued concerns in the Black Sea Region mainly Russia’s economic stability and future wheat exports. Russian talk of curbing exports does not extend to the two primary destinations of Turkey and Egypt.  Egypt used to be a fairly decent buyer of US wheat. EU grain exporters are expected to fill any gap, from halting Russian exports.  This could be an opportunity for Ukraine to acquire higher prices for their grain exports. March wheat futures closed @ 655 ¼ up 6 ¾ in CGO, KCY @ 683 ¾ up 2 ¼ and Minny @ 661 up 1 ¼. 

WHAT TO LOOK FOR:

  • WATCH THE BASIS ON ALL WHEATS!!!! SW basis levels at .82 losing value due to futures. DNS basis losing .05 on the day dropping to 300 level and HRW basis getting weaker at 100. New crop SW basis also decreasing at +69, new crop HRW / DNS levels static.
  • PATH OF LEAST RESISTANCE IS UP. Be aware that a market that soars upward as wheat has lately can correct itself in a harsh vengeful way losing value quickly.

Joe is 0 % marketed and 85% CRC coverage. Big swingers don’t sell before Christmas…

Ted reached his goal of 7.35 new crop and sold another 5000 bu making him 10% sold with an average of 7.26.  85% CRC coverage.

 

Market Comments Updated: 12/18/2014

Cash Bids (Subject- Call for Current Price)
Delivery Start Cash Price Basis Futures Price Basis Month
1 SWW
2 CLUB
3 HRW
4 HRS
5 HWW
6 BLY

View all cash prices...
Quotes retrieved on December 20, 2014, 12:32:49 PM CST
PLEASE CALL FOR CURRENT PULSE BIDS
Name Cash Price

Quotes retrieved on December 20, 2014, 12:32:49 PM CST
PNW CO-OP SPECIALTY FOODS/MIGHTY MUSTARD NEWS

- Spotlight: Mariam Foods

  • Portland, Oregon-based Mariam Foods gets some love, and owner, Sam Andemariam, explains why he uses PNW Co-op Specialty Foods Caviar Black and Shasta Yellow lentils for his popular line of lentil dips.  Check out the whole article HERE.

 

- PNW Co-op Specialty Foods December Sales & Promotions:

  • Moscow Food Co-op is featuring our PNW Co-op Specialty Foods lentils & garbanzos on their Tasteful Thursdays menus every Thursday evening in December from 4:30-7:30pm! They are also offering all of your PNW Co-op Specialty Foods varieties for 20% off in the bulk section!
  • PCC Natural Markets in the Seattle area are offering a $.20/lb. discount on all PNW Co-op Specialty Foods varieties for the month of December. This is an excellent time to stock up the pantry for those long winter months!


- Mighty Mustard 2014 Harvest Update
: The latest info!

  • The Pacific Gold seed has been cleaned and has passed Certified Seed Standards!  This seed will be moving out to all of our trusted distributors ASAP.
  • The IdaGold seed is being cleaned now and samples are already on their way to the lab.  We should have results back within 2 weeks.  If the seed passes Certification, it will be made available to all of our distributors ASAP.
  • Our Kodiak and White Gold crops essentially failed due to sustained high temps and no rain in the dryland growing areas this summer.  We did get a small amount of Kodiak harvested (and a very small amount of White Gold, but not enough to sell), but the seed did not meet Certified Seed standards due to the presence of a small amount of lambsquarter seed that we were unable to clean out.  These varieties will be unavailable this year.

For an updated list of Mighty Mustard distributors with current inventory, please visit our Where To Buy page.

 

- PNW Co-op Specialty Foods NEW Expanded "Where To Buy" Section 

  • We have revamped our "Where To Buy " page on www.EatRealPNW.com ! You can find all the stores across the country where your PNW Co-op Specialty Foods are sold across the country (and even in British Columbia, Canada)!  You can also go directly to the PNW Co-op Specialty Foods page by following the link to www.EatRealPNW.com!

 

 - PNW Co-op Specialty Foods now available in the Bulk Section of Moscow Huckleberrys 

  • You can now tell all your friends to grab their favorite PNW Co-op Specialty Foods varieties in the bulk section of the Moscow Huckleberrys store!

 

 

 

PNDSA

The Farmed Smart Sustainable Agriculture Certification offers farmers a promotable consumer brand for their adherence to defined conservation standards, certifies that they are utilizing sustainable practices, and develops markets for certified sustainable product.  The certification standards will ensure water quality, air quality, soil quality, wildlife habitat are being improved while providing energy conservation and economic viability to the farmer.  This certification will provide a platform to educate stakeholders on the social and environmental benefits of direct seed farming practices and provide recognition and value to producers who are raising dry-land crops under these practices.

 

To learn more go to www.directseed.org/certification

Brugler Commentary
Wheat -

Wheat futures were sharply lower on the day, but all three major classes posted solid gains on the week.  In the front month, CBT wheat

Wheat -

Wheat futures are trading with losses today.  CBT wheat is off 19 to 22 cents, KC is down 17 to 20 cents, and MPLS is mostly 13 to 15 cents

Wheat -

Wheat futures are trading sharply lower this morning, with front month losses of 15 to 19 cents at this point. The Russians indicated that they

Wheat -

Wheat futures rallied to new highs for their moves earlier today, but the front months of all three major classes ended the session at least 19

Wheat -

Wheat futures are currently trading 3 to 7 cents higher, but with 2016 contracts in the red in Chicago.  LIFFE wheat futures are trading

Full commentary...
InsideFutures Commentary

More news...
Grain Market Hours

 Monday thru Thursday
(Except on Holidays)
 8:30 AM - 11:15 AM PST
 

2:00 PM - 4:00 PM PST 

No Protein Wheats (HWW/HRW/DNS)
during afternoon market hours

Friday
8:30 AM - 11:15 AM PST

(NO AFTERNOON MARKETS) 

 Soft White Wheat (SWW)

Club Wheat (CLUB)

Barley (BLY)

Hard Red Spring Wheat (HRS/DNS)
Protein Scale: +15/-25 each 1/4 from 14%

Hard Red Winter Wheat  (HRW)
Protein Scale: +0/-4 each 1/2 from 11.5%
 
Hard White Wheat (HWW)
Protein Scale: +0/-4 each 1/2 from 12%
Futures Trading Hours (Pacific Time)

Sunday to Friday

5:00 PM  to 5:45 AM Trading

Monday to Friday

5:45 AM to 6:30 AM Break

6:30 AM to 11:15 AM  Trading

Futures Markets
Quotes retrieved on December 20, 2014, 12:32:49 PM CST
Weather

Genesee, Idaho (83832)

Current Conditions: Partly Cloudy
Temperature: 41°F Dew point: 37°F
Humidity: 86% Pressure: 29.87 in. Hg
Wind: 6 mph From: East

Forecast

Saturday

Hi: 40°
Lo: 38°
Sunday

Hi: 46°
Lo: 31°
Monday

Hi: 38°
Lo: 24°
Tuesday

Hi: 37°
Lo: 29°
Wednesday

Hi: 38°
Lo: 28°

Zip Code:

© 2014 Freese-Notis Weather

Ag Headlines

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 Colfax

 Genesee
North 204 Main Street
 117 West Chestnut
Colfax, WA 99111
 Genesee, ID 83832
509-397-4381 208-285-1141
 TOLL FREE 866-986-2008