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Welcome!

 

Market Comments

Markets closed up strong today due to technical short covering and the fact Argentine and Brazilian milling wheat is losing quality from harvest rains.  HRW in KC is benefiting from those rains as KC was the leader pulling up the other two markets.  This is more of a benefit to Gulf prices, but we can experience the futures bump.  SWW Flat price rebounded back to 7.05 this afternoon and DNS basis has yet again gained some strength as end users are looking for quality milling wheat.  CHI March closed up 11 ½ to 5.52 ½ ; KC March up 17 to 6.06 ¼ ; and MINNY March up 13 ½ at 5.91 ½. 

WHAT TO WATCH FOR:

BUDGET, BUDGET, BUDGET!!!!!  Don’t try to hit the top, average up your sales by selling into a positive market IF the price beats your budget.

  • Basis in DNS is very strong at 3.85H, we are approaching the 10.00 level
  • HRW basis has been backing off the last few weeks – showing a lack of demand in the Northwest – more of a Gulf market
  • SWW staying with futures (up and down) – potential strength if traders reverse their remaining short positions in Chicago
  • BLY is quiet – call with offers

2015 NEW CROP

  • Look for prices that lock in a profit – currently cash price for SWW bouncing around RC price for next Aug.  -  good opportunity to be 5% forward sold when Flat price beats RC price for the uninsured bushels.

Market Comments Updated: 11/20/2014

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 November 23, 2014, 03:32:16 AM CST
PLEASE CALL FOR CURRENT PULSE BIDS
Name Cash Price

Quotes retrieved on November 23, 2014, 03:32:16 AM CST
PNW CO-OP SPECIALTY FOODS/MIGHTY MUSTARD NEWS

- PNW Co-op Specialty Foods NEW Expanded "Where To Buy" Section - We have revamped our "Where To Buy " page on www.DavidsonCommodities.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.PNWCoopSpecialtyFoods.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!

 

- Mighty Mustard is now available online - AFCO Distribution has added Mighty Mustard to their online Cover Crops Catalog . Follow the link to see your products!

 

- MIGHTY MUSTARD now distributed by Albert Lea Seed House:

For more information on where to buy Mighty Mustard products, please visit www.MightyMustard.com/where-to-buy

 

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

Brugler Commentary
Wheat -

Wheat futures were mostly UNCH to slightly higher on the day, but were down on the week.  CHI wheat was down 6.5 cents, and MPLS wheat lost

Wheat -

Wheat futures are mostly higher on the day, with most contracts trading around a nickel lower than their respective session highs.  Cold

Wheat -

Wheat futures are trading mostly 3 to 5 cents lower so far this morning. The USDA weekly export sales report was neutral at 361,700 MT but the

Wheat -

Wheat futures posted gains in all three major classes today.  The March contract for CHI wheat erased its losses from yesterday, and March

Wheat -

Wheat futures are trading 6 to 8 cents higher at midday. Traders were anticipating very low Export Sales numbers from USDA, with the pre-report

Full commentary...
InsideFutures Commentary

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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: +25/-35 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 November 23, 2014, 03:32:16 AM CST
Weather

Genesee, Idaho (83832)

Current Conditions: Cloudy
Temperature: 41°F Dew point: 32°F
Humidity: 70% Pressure: 30.09 in. Hg
Wind: 7 mph From: South

Forecast

Sunday

Hi: 42°
Lo: 28°
Monday

Hi: 40°
Lo: 27°
Tuesday

Hi: 38°
Lo: 31°
Wednesday

Hi: 46°
Lo: 40°
Thursday

Hi: 46°
Lo: 23°

Zip Code:

© 2014 Freese-Notis Weather

Ag Headlines

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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