Welcome

Good Afternoon: May 5, 2016

The wheat market continued its detour to the south today. Early in the session the wheat was following the feed grains down and stayed under pressure from the results of the Kansas wheat tour confirming the BIG production potential for the 2016 crop. Winter wheat yields are forecast to be around 48.6 bu per acre vs last year coming in at 37.0 bu/acre. Projected production this year of 382 up from LY 312 mb. Get this- there are 8% less planted acres from last year yet there will be an increase in expected production of 22%. This probably is not going to fair to good for futures… Dollar up. Crude up.

Thinking…If we can beat our cost of production @ $5.60 or better we’ll want to sell Sept cash and unwind 5% of our puts for the 2016 crop. The basis is .67U as we go home for the day- this would give us cash at $5.40 plus the value of our put of .235 net which will give a $5.63 coast sale. 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 7 ¾ @ 463 ¼; KC down 3 ¾ @ 452 ¾; MINNEY down 9 ¼ @ 531 ¾.     

Portland Flat Price: SW @ 5.25 (.62), DNS @ 6.17 (.85), HRW @ 5.28 (.75), BLY @ 145. 

ATTENTION COMING EVENTS!!

Will have our next marketing meeting June 1, 7:00 AM @ SEL in Pullman.

 

 

 

BIDS LAST UPDATED: MAY 5, 2016 @ 9:45 AM
Soft White Wheat
Name Delivery Start Cash Price Notes
SWW

View all cash prices...
Quotes retrieved on May 05, 2016, 08:35:58 PM CDT
Club Wheat Bids
Name Delivery Start Cash Price Notes

View all cash prices...
Quotes retrieved on May 05, 2016, 08:35:58 PM CDT
Cash Bids (Subject- Call for Current Price)
Delivery Start Cash Price Basis Futures Price Basis Month Notes
HRW
HRS
HWW
BLY

View all cash prices...
Quotes retrieved on May 05, 2016, 08:35:58 PM CDT
Please Call for Current Pulse Bids
Name Cash Price Notes

Quotes retrieved on May 05, 2016, 08:35:58 PM 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 ended the day 3 to 9 1/4 cents lower, with the KC market holding the firmest. Most contracts closed between 1 and 3 cents above their

Wheat -

Wheat futures are mostly 5 to 9 cents lower at midday.  Trade analysts expected US export bookings during the week ending 4/28 to range

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

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, 08:35:58 PM CDT
Weather

Genesee, Idaho (83832)

Current Conditions: Sunny
Temperature: 73°F Dew point: 51°F
Humidity: 46% Pressure: 29.82 in. Hg
Wind: 11 mph From: Northwest

Forecast

Thursday

Hi: 73°
Lo: 48°
Friday

Hi: 77°
Lo: 48°
Saturday

Hi: 81°
Lo: 50°
Sunday

Hi: 76°
Lo: 44°
Monday

Hi: 70°
Lo: 43°

Zip Code:

© 2016 Freese-Notis Weather

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