Welcome

Good Afternoon: May 3, 2016

The wheat market traded drastically lower for the day giving back much of the recent gains. Pulling down the wheat complex was a combination of the findings on the Kansas Crop tour today, Informa came out with a whoppingly bearish prediction of an additional production guess and then there was the weakness in the feed grains. Most reports that we are seeing out of the winter wheat tours are showing decent conditions with some talk about rust showing up. Informa came out increasing estimates for winter wheat 28 mil bu. Estimate funds short in the 70Kish range. Dollar up. Crude up. We are comfortable now with our previous sales: our put is presently valued at 38 cents up 18 cents, cash value not that attractive but with the board declining basis is gaining ground. We wait grasshopper. 

SALES:

On 4/20 we locked 10% of our proven yield with a Sept ’16 HTA at 5.20

On 4/20 we locked 10% of our proven yield with a Sept ’17 HTA at 5.60

On 4/21 we purchased WN16 5.00 put options on remaining 90% of crop at .20 ¼ for price protection

July Futures closed: CGO down 17 @ 470 ¾; KC down 18 ½ @ 455 ¾; MINNEY down 12 ½  @ 536 ¼.     

Portland Flat Price: SW @ 5.18 (.47), DNS @ 6.21 (.85), HRW @ 5.31 (.75), BLY @ 145. 

ATTENTION COMING EVENTS!!

Will have our next marketing meeting May 4, 6:30 @ SEL in Pullman.

 

 

 

BIDS LAST UPDATED: MAY 4, 2016 @2:16 PM
Soft White Wheat
Name Delivery Start Cash Price Notes
1 SWW

View all cash prices...
Quotes retrieved on May 05, 2016, 09:12:31 AM CDT
Club Wheat Bids
Name Delivery Start Cash Price Notes

View all cash prices...
Quotes retrieved on May 05, 2016, 09:12:31 AM CDT
Cash Bids (Subject- Call for Current Price)
Delivery Start Cash Price Basis Futures Price Basis Month Notes
3 HRW
4 HRS
5 HWW
6 BLY

View all cash prices...
Quotes retrieved on May 05, 2016, 09:12:31 AM CDT
Please Call for Current Pulse Bids
Name Cash Price Notes

Quotes retrieved on May 05, 2016, 09:12:31 AM CDT
PNW Specialty Foods / Mighty Mustard

Practical Farmers of Iowa Release Midwest Cover Crops Trial Report

Practical Farmers of Iowa has released their 2014-15 Research Trial Report, and it shows Mighty Mustard® Kodiak (brown mustard) as being a very strong performer in both biomass production and weed/pathogen suppresion among other cover crops in the midwest growing regions.

Click HERE for a brief overview.

Click HERE to read the full report. 

USDA Releases New Cover Crop Comparison Chart

The USDA has released a new, comprehensive Cover Crop Comparison Chart.  This chart has a ton of excellent information about the benefits and drawbacks of different cover crops. It also should be pointed out the mustards are shown ina very positive light!  Go Mighty Mustard!

Click HERE to view the chart.

Moscow Food Co-op Wants You to Get To Know: Garbanzos

Fun & delicious facts about garbanzo beans from our friends at Moscow Food Co-op, courtesy of their Beet Box Blog.

Click here to read the article. 

Sunrise Red Lentils featured “Harvest of the Month” for Schools

We're honored that our PNW Co-op Sunrise Red Lentils will be featured on Spokane Public School’s menus as April's "Harvest of the Month." Supporting the National Farm to School Network is one of our core missions, so we're grateful for this opportunity to partner with the Spokane School District. Big thanks to our friends at LINC Foods for bringing our local legumes to Spokane students!

To learn more, watch this video.

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.

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!

 

Brugler Commentary
Wheat -

Wheat futures this morning are trading mostly steady again this morning after settling mostly flat to 4 3/4 cents higher yesterday, with the

Wheat -

Wheat futures settled mostly steady to 4 3/4 cents higher, with the strength in MPLS. Most contracts closed 4 to 5 cents below their respective

Wheat -

Wheat futures at midday of midweek are mostly 1 to 5 cents higher, after being fractionally mixed this morning. The ag attache in Australia predicts

Wheat -

Wheat futures are trading fractionally mixed this morning after most contracts posted double digit losses on Tuesday.  May HRS were able to

Wheat -

Wheat futures were down double digits in most contracts today, giving back much of the recent gains.  May HRW futures lost 19 cents, and

Full commentary...
Grain Market Hours

Monday – Thursday:    8:30 AM - 11:15 AM PST 

                                       2:00 PM - 4:00 PM PST

                       Friday:    
8:30 AM - 11:15 AM PST

 *Markets Closed on Holidays*

*No Protein Wheats During Afternoon Market Hours*
(HWW / HRW / DNS) 

 

Hard Red Spring Wheat (HRS / DNS)
Protein Scale: +4/-8 each 1/4 from 14%

Hard Red Winter Wheat (HRW)
Protein Scale: +3/-6 each 1/2 from 11.5%

Hard White Wheat (HWW)
Protein Scale: +0/-4 each 1/2 from 12%

Futures Trading Hours

Monday – Friday:    5:45 AM - 6:30 AM PST (Break)

                                  6:30 AM - 11:15 AM PST (Trading)

Sunday – Friday:     
5:00 PM - 5:45 AM PST (Trading)

 

Futures Markets
Quotes retrieved on May 05, 2016, 09:12:31 AM CDT
Weather

Genesee, Idaho (83832)

Current Conditions: Partly Cloudy
Temperature: 58°F Dew point: 51°F
Humidity: 78% Pressure: 29.93 in. Hg
Wind: 0 mph From:

Forecast

Thursday

Hi: 80°
Lo: 51°
Friday

Hi: 74°
Lo: 47°
Saturday

Hi: 75°
Lo: 47°
Sunday

Hi: 80°
Lo: 50°
Monday

Hi: 79°
Lo: 47°

Zip Code:

© 2016 Freese-Notis Weather

InsideFutures Commentary

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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