Welcome

Good Afternoon: May 23, 2016

Wheat moved lower as the crop getting bigger by the day. World weather remains good with only isolated areas of concern, with warmer weather to help boost maturity in the winter wheat belt. Reports from the Midwest harvest verifying such. Russia and the Ukraine looking on the bountiful side also. Funds continue to add to their already short positions. Wheat is competitive with corn and will need to remain competitive with corn until the market indicates enough wheat has been fed to break the cycle. So what this means is that the hard wheat/milling wheat basis should remain strong and continue to price wheat as feed in the world market.  

Thinking: With a big crop that’s growing bigger every day we are anticipating lower prices - All is not lost- we are still protected by the puts, but as we look out the window there is an ever- expanding crop. This larger crop should actually reduce cost of production allowing to lower a readjustment of sales ideas. We wait…

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

On 5/11 we sold 15% WN15 5.00 put options @ (.46 ¼ - .20 ¼) = .26 net. Sold cash 5.35. Leaves us with 75% left to price.

July Futures closed: CGO down 5 ¾ @ 462; KC down 2 @ 447; MIN down 4 @ 523 ¾.     

Portland Flat Price: SW @ 5.24 (.62), DNS @ 6.24 (1.00), HRW @ 5.32 (.85), BLY @ 145. 

ATTENTION COMING EVENTS!!

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

 

 

 

BIDS LAST UPDATED: MAY 24, 2016 @ 8:52 AM
Soft White Wheat
Name Delivery Start Cash Price Notes
SWW

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Quotes retrieved on May 24, 2016, 12:36:18 PM CDT
Club Wheat Bids
Name Delivery Start Cash Price Notes

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Quotes retrieved on May 24, 2016, 12:36:18 PM CDT
Cash Bids (Subject- Call for Current Price)
Delivery Start Cash Price Basis Futures Price Basis Month Notes
HRW
HRS
HWW
BLY

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Quotes retrieved on May 24, 2016, 12:36:18 PM CDT
Please Call for Current Pulse Bids
Name Cash Price Notes

Quotes retrieved on May 24, 2016, 12:36:18 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 are trading mostly up 1 to 6 cents at the Tuesday midday, after trading 1 to 3 cents lower this morning. Yesterday afternoon, NASS

Wheat -

Wheat futures are 1 to 3 cents lower this morning after modest losses on Monday. USDA weekly export inspections were 301,271 MT, which was smaller

Wheat -

Wheat futures were mostly 2 to 5 3/4 cents lower with SRW futures down the most.  USDA reported weekly export inspections were 301,271 MT,

Wheat -

Wheat futures are trading as much as 4 1/2 cents lower at midday.  USDA reported weekly export inspections were 301,271 MT, which was smaller

Wheat -

Wheat futures are trading mostly 2 to 5 cents lower this morning, after ending the Friday session 2 cents higher to 1 cent lower. Last week, the

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 24, 2016, 12:36:18 PM CDT
Weather

Genesee, Idaho (83832)

Current Conditions: Cloudy
Temperature: 56°F Dew point: 47°F
Humidity: 72% Pressure: 29.92 in. Hg
Wind: 0 mph From:

Forecast

Tuesday

Hi: 64°
Lo: 46°
Wednesday

Hi: 69°
Lo: 47°
Thursday

Hi: 67°
Lo: 44°
Friday

Hi: 61°
Lo: 41°
Saturday

Hi: 60°
Lo: 43°

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