Welcome to PNW

Good Afternoon: July 29, 2015.

Wheat traded lower for the day again under pressure from good harvesting conditions, big supplies and non-low export demand.

September Futures: CGO down 14 ½ @ $496 ¼; KC down 9 ½ @ $495 ½; Minney down 10 ¾ @ $529 ½.

PTL Flat Price: SW @ $5.67 (70), DNS @ 6.29 (100), HRW @ 5.70 (75), BLY @ 155.

Joe and Ted Update:

Both are 50% done with harvest (100% done with Winter wheat and just spring wheat left). Both have rev coverage. Bothe have marketed their crop as follows:

        Joe:                 9/14: Purchased  85% Revenue coverage

                                0% 2015 crop marketed (Rev coverage purchased

        Ted:                 9/14: Purchased  85% Revenue coverage

                                12/2: Cash forward sale 5000 bu @ 7.18/bu (5% of 10 year proven yield)

                                12/2: Cash forward sale 5000 bu @ 7.35/bu (5% of 10 year proven yield)

                                 3/3 :  Basis sale 10000 bu @ 1.33 U plus 2 WU15 puts (5000 BU cts)  @ .35

                                 7/1: Locked in futures on $1.33 basis @ $5.95WU15 = $7.28 cash sale

                                 7/1: Bot puts back @ .10 = <-.25> off cash price (paid - .35 + .10 = -.25)

                                7/14: Bot 16 WU15 puts @ .17/bu

At Harvest:

Joe has 0% 2015 sold and 85% coverage

Ted has 20% 2015 crop sold and !00% coverage

                                  5000   bu @ $7.18

                                  5000   bu @   7.35

                                  10000 bu @ 7.03 Average price is $7.15

   Has 80,000 left to sell: He is protected @ $6.20 on the farm from Rev Coverage = $6.90 coast

   He bot 16 WU15 $5.60 puts for .17/bu (protecting downside risk)

       

 

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 July 31, 2015, 06:24:40 PM CDT
PLEASE CALL FOR CURRENT PULSE BIDS
Name Cash Price Notes

Quotes retrieved on July 31, 2015, 06:24:40 PM CDT
PNW CO-OP SPECIALTY FOODS/MIGHTY MUSTARD NEWS

- 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

 


- Sunrise Red Lentils featured “Harvest of the Month” for Spokane 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.

 

- 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!

 

 

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 July 31, 2015, 06:24:40 PM CDT
Weather

Genesee, Idaho (83832)

Current Conditions: Sunny
Temperature: 104°F Dew point: 29°F
Humidity: 7% Pressure: 29.95 in. Hg
Wind: 6 mph From: West

Zip Code:

© 2015 Freese-Notis Weather

Brugler Commentary
Wheat -

Wheat futures finished the Friday session mixed, but the weekly chart shows all losses.&nbsp; Most Friday strength was in the front months.

Wheat -

Wheat futures are trading steady to 2 cents higher at midday on Friday. &nbsp;Chicago was the firmest on Thursday on an influx of new money.

Wheat -

Wheat futures are currently about 3 to 4 cents higher after most wheat contracts failed to hold gains and settled lower on Thursday. Chicago was the

Wheat -

Wheat futures finished mostly a penny to 4 cents lower on Thursday afternoon.&nbsp; September CHI wheat was the sole contract higher, only up

Wheat -

Wheat futures are currently trading 2 lower to 2 higher at midday.&nbsp; USDA reported a total of 700,400 MT was booked during the week ending

Full commentary...
InsideFutures Commentary

More news...

 Colfax

 Genesee
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