Market Comments

Good Afternoon

The wheat market closed drastically lower today, finishing the day with double digit losses. KC wheat is into new lows with a full retracement of the 2014 falls highs, while Chicago is only about 15 cents away from doing the same. The wheat market have been as been leading the charge lower since December with only minimal corrections along the way (in fact we've had only one higher close in the past 15 days). The market is oversold, and hasn't really been able to find anything meaningful for a bounce. Kansas was reported to have temps up to 80 degrees yesterday and there are temps forecast in Oklahoma for 0 degrees next week. – This could very well be the push that sends the market shooting upwards. Remember – we have not killed the crop as of yet. Wheat tried to stay in the ‘green’ today, but the feed grains pulled it down into the close.  Net, net traders were even today showing wheat DOES have value at this level.  This bullish bias needs some feet under it though, without any real news to stand on, feed grains could continue to pull wheat lower.  A stronger US dollar continuing to hamper new sales.  Keep your eye on new crop basis levels, one advantage to a declining futures market is the opportunity to lock in basis. Futures closed down 13 ¾ at 505 in CGO, down 14 ½ @ 535 ¾  in KCY and down 11 ½ @ 5.55 in MINNEY

PNW closing cash bids had SW @ 655, DNS @ 841, HRW @ 651 and BLY @ 170.

WHAT TO LOOK FOR:

  • Watch for a rebound in the markets – if prices beat CRC and your budget – think of removing some risk off the table and lock in some forward sales.  This may be a year to focus on the budget and make sure your risk exposure is limited.
  • LOOK AT NEW CROP SWW BASIS LEVELS, THE DECLINE IN THE MARKET IS WIDENING THE BASIS TO LEVELS THAT OUGHT TO BE LOCKED IN FOR A PORTION OF THE NEW CROP . . . . . THIS IS A WAY TO TAKE ADVANTAGE OF A DECLINING FUTURES MARKET

  

     **COMING ATTRACTIONS**

  • SPOKANE AG SHOW – FEB 4, ROOM 401A, 9:30 TO NOON

          PNW IS HOSTING A BREAKOUT ROOM WITH ERIC LEESE AND JIM SULLIVAN AS GUEST SPEAKERS.  THEY ARE FROM THE CHICAGO BOARD OF TRADE / ROSENTHALL COLLINS GROUP, AND WILL BE DISCUSSING THE WHEAT MARKETS FOR THE 2015 YEAR

  • GROWER MEETING ON WEDNESDAY, FEBRUARY 11th at SEL/PULLMAN    

 

  • COMING IN 2015 – WE WOULD LIKE TO START HAVING MARKETING MEETINGS, PLEASE GIVE US AN EMAIL RESPONSE IF YOU HAVE INTEREST IN THESE MEETINGS. 

           EMAIL TOM OR DAVID AT:

           tom.riedner@pnw.coop

           david@pnw.coop

Market Comments Updated: 1/28/2015

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 January 29, 2015, 10:17:14 AM CST
PLEASE CALL FOR CURRENT PULSE BIDS
Name Cash Price

Quotes retrieved on January 29, 2015, 10:17:14 AM CST
PNW CO-OP SPECIALTY FOODS/MIGHTY MUSTARD NEWS

- Main Market Co-op Demo on Thursday, February 5th!

  • While you're in town for the Spokane Ag Expo, take a few minutes to walk up the street to Main Market Co-op and meet Matt & Kim Davidson!  Matt & Kim will be there from 1-3pm handing out fantastic recipes and samples, all while telling everyone how great PNW Co-op products are.  So come on down!

- Mighty Mustard Pacific Gold & IdaGold Meet Certified Seed Standards

  • We are pleased to announce that the Mighty Mustard Pacific Gold and IdaGold have passed Certified Seed standards and are being shipped to distributors across the country. Please visit the Where To Buy page on MightyMustard.com for the most up-to-date information regarding availability.

- 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

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 January 29, 2015, 10:17:14 AM CST
Weather

Genesee, Idaho (83832)

Current Conditions: Freezing Rain
Temperature: 31°F Dew point: 31°F
Humidity: 100% Pressure: 30.44 in. Hg
Wind: 0 mph From:

Zip Code:

© 2015 Freese-Notis Weather

Brugler Commentary
Wheat -

Chicago wheat futures are tradingsteady to as much as two cents lower this morning.  European wheat bids are lower on the week.

Wheat -

Chicago wheat futures closed firmly lower with all three exchanges posting double digit losses on the session under pressure from the strong

Wheat -

Chicago wheat futures fell to a 3.5-month low this morning, and March15 KC wheat is printing new life of contract lows under pressure of the strong

Wheat -

Wheat futures are trading between a penny and a nickel lower after slipping another 1 1/2 to 4 1/4 cents on Tuesday. Logistics problems in the

Wheat -

Wheat futures are trading between a penny and a nickel lower after slipping another 1 1/2 to 4 1/4 cents on Tuesday. Logistics problems in the

Full commentary...
InsideFutures Commentary

More news...

 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