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News and Information

04/14/2014

Notice:
Marketing Club Meetings


Thank you, Emily Gordon and Tom Benzel for great presentations!

 The May Marketing Club Meetings will be right after the May USDA Crop Production Report scheduled for Friday, May 9th
All Meetings will be from 7:00 am to 8:00 am
Please call the Odessa Office at 509-982-2691 if you are interested or have any questions
Hope to see you there

 

04/14/14

Market News

Wheat futures moved sharply higher in the overnight session on news of an escalation in the conflict between the Ukraine and Russia.  Wheat was also supported by continued dry weather in the Southern Plains and the forecast now calling for freezing temperatures.  Very little rain fell over the weekend and not much is expected in the next 10 days for the majority of the winter wheat crop there.  Temperatures are also expected to dip as low as the mid 20's in some areas.  Export inspections for last week were decent at 25.1 million bu for wheat including 4.5 million bu for white wheat.  Corn inspections were 57 million bu and soybean inspections were 9.8 million bu.  Corn and soybeans also closed higher but wheat was the leader as speculative commodity funds bought over 35 million bu.  After the close the USDA Weekly Crop Progress Report showed winter wheat crop conditions were overall unchanged from last week but the winter wheat crop in the Southern Plains continued to deteriorate.  Kansas is now rated only 26% good to excellent.  Oklahoma is rated 14% and Texas 13% in the same category.  Japan will be in on Wednesday for more of their June requirements.



 

PNWGFA Online Scholarship Application - Click Here

 Below is a link showing the test for falling numbers and the effect that falling numbers has on the end product.  If you have any questions please feel free to call the Odessa or Reardan office.

http://www.youtube.com/watch?v=YMjhdSskXP0



Market hours: AM 9:00-11:10, PM 3:00-4:30
No PM market on Fridays

No PM Hard Wheat Markets

Direct Deposit
  
 

If you would like to sign up for direct deposit payments for grain sales click here to open a form you'll need to fill out and send in.  After filling out the form mail it to our Odessa office, P.O. Box 247, Odessa, WA 99159.  Thank you.

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DTN Market Matters Blog
Katie Micik Bio
Markets Editor
Monday, April 14, 2014 9:46PM CDT

The Commodity Futures Trading Commission's relationship with the grain industry is rocky, at best. The House Agriculture Committee reprimanded the Commission's rulemaking process last week by including language in a bill that undid a controversial rulemaking on residual interest, a concept that commercial hedgers argue would cause the cost of hedging to skyrocket.

Thursday, April 10, 2014 7:35PM CDT
Friday, April 4, 2014 6:47PM CDT

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Note: Your bushels will be gross numbers until grades and divisions are received and applied.


CALENDAR
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Fuel Surcharge

Current surcharge is .000 cents per gross bushel on all settlements. Rate will be updated each month according to changes in the BNSF fuel surcharge.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 14 701'0 711'0 684'0 687'6 -13'6 688'0s 01:31P Chart for @W4K Options for @W4K
Jul 14 708'6 718'2 690'6 694'6 -14'4 695'2s 01:31P Chart for @W4N Options for @W4N
Sep 14 718'0 727'0 700'0 704'4 -14'2 704'4s 01:31P Chart for @W4U Options for @W4U
Dec 14 731'0 739'0 712'2 716'6 -14'6 716'6s 01:31P Chart for @W4Z Options for @W4Z
Mar 15 741'6 750'4 726'2 729'2 -14'4 729'0s 01:31P Chart for @W5H Options for @W5H
May 15 745'2 749'0 733'6 733'6 -14'4 734'4s 01:31P Chart for @W5K Options for @W5K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 14 765'0 774'2 749'4 754'4 -11'0 754'4s 01:30P Chart for @KW4K Options for @KW4K
Jul 14 770'2 780'2 755'2 760'0 -10'6 760'6s 01:30P Chart for @KW4N Options for @KW4N
Sep 14 775'4 785'6 762'2 767'4 -9'4 767'6s 01:30P Chart for @KW4U Options for @KW4U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 14 738'0 748'2 721'4 726'0 -12'0 726'4s 01:36P Chart for @MW4K Options for @MW4K
Jul 14 745'0 756'4 729'0 733'0 -12'2 735'0s 01:36P Chart for @MW4N Options for @MW4N
Sep 14 751'6 760'4 735'0 742'4 -12'4 740'6s 01:36P Chart for @MW4U Options for @MW4U
Dec 14 763'0 772'0 746'2 752'6 -11'6 752'0s 01:36P Chart for @MW4Z Options for @MW4Z
Mar 15 771'4 779'0 754'2 761'2 -11'0 760'4s 01:36P Chart for @MW5H Options for @MW5H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 14 502'4 505'0 495'2 497'6 -6'2 497'4s 01:30P Chart for @C4K Options for @C4K
Jul 14 508'2 510'6 501'0 503'4 -6'2 503'4s 01:30P Chart for @C4N Options for @C4N
Sep 14 504'6 506'6 498'4 500'6 -5'4 500'6s 01:30P Chart for @C4U Options for @C4U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 14 1500'2 1522'6 1499'4 1519'4 17'4 1518'6s 01:31P Chart for @S4K Options for @S4K
Jul 14 1487'0 1510'0 1486'0 1509'0 21'2 1508'6s 01:31P Chart for @S4N Options for @S4N
Aug 14 1411'0 1427'6 1409'4 1425'0 14'4 1424'0s 01:31P Chart for @S4Q Options for @S4Q
Sep 14 1291'2 1304'0 1290'4 1301'0 9'2 1299'6s 01:31P Chart for @S4U Options for @S4U
Nov 14 1227'6 1238'6 1227'2 1237'6 8'2 1237'2s 01:31P Chart for @S4X Options for @S4X
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
May 14 400'0 406'2 398'2 405'2 6'0 405'0s 01:30P Chart for @O4K Options for @O4K
Jul 14 351'2 358'0 350'4 358'0 5'4 357'6s 01:30P Chart for @O4N Options for @O4N
Sep 14 336'2 -1'0 340'2s 01:30P Chart for @O4U Options for @O4U
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 14 145.100 145.750 144.975 145.750 0.475 145.275 02:21P Chart for @LE4J Options for @LE4J
Jun 14 135.550 135.925 135.250 135.750 0.325 135.425 02:21P Chart for @LE4M Options for @LE4M
Aug 14 133.450 133.725 133.100 133.650 0.250 133.400 02:18P Chart for @LE4Q Options for @LE4Q
@GF - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 14 179.100 179.375 178.925 179.250 0.025 179.225 02:21P Chart for @GF4J Options for @GF4J
May 14 179.625 180.100 179.350 179.925 0.150 179.775 02:19P Chart for @GF4K Options for @GF4K
Aug 14 182.125 182.975 182.125 182.800 0.225 182.575 02:20P Chart for @GF4Q Options for @GF4Q
My Custom Markets
Symbol Open High Low Last Change Close Time More

Seed News


For more information on WSU Crop Tours click below
http://variety.wsu.edu/tours/index.html

 


JR MILLER FARM 2012 TEST PLOT RESULTS

WINTER CANOLA 2012 TEST PLOT RESULTS
 
Please call with any questions or suggestions.

509-253-4604      Office
509-348-0060      Cell

2009 Winter soft white test plot results.


Contact Paul Porter at the Harrington Seed Plant to inquire about available spring seed and pricing. 509-253-4604

 


Canola Link

 


ODESSA UNION WAREHOUSE P.O. BOX 247 / 2 NORTH DIVISION ODESSA, WA 99159
 

Local Conditions
Odessa, WA
Chg Zip Code: 
Temp: 58oF Feels Like: 58oF
Humid: 44% Dew Pt: 36oF
Barom: 30.03 Wind Dir: S
Cond: N/A Wind Spd: 12 mph
Sunrise: 6:06 Sunset: 7:47
As reported at MOSES LAKE, WA at 12:00 PM
 
Local Radar
Odessa, WA
Radar
 
Local Forecast
Odessa, WA

Wednesday

Thursday

Friday

Saturday

Sunday
High: 66°F
Low: 48°F
Precip: 0%
High: 62°F
Low: 46°F
Precip: 80%
High: 67°F
Low: 41°F
Precip: 0%
High: 66°F
Low: 35°F
Precip: 0%
High: 69°F
Low: 41°F
Precip: 0%
View complete Local Weather
 
DTN Weather Summary
Northern Areas to Get Snow Wednesday
Bryce Anderson (Bio) – DTN Meteorologist

A swath of snow is in store for the Northern Plains and northern Midwest Wednesday. The snow will continue to delay field work in these areas. Dry conditions will cover the rest of the primary U.S. and Canadian Prairie crop regions. Temperatures will still be below normal in the eastern Midwest, keeping spring work progress slow. Meanwhile, the Southern Plains will be very warm, causing additional drought stress to wheat and pastures. Southeastern areas will have slow progress after recent rains. » More DTN Weather Commentary

Posted at 5:58AM Wed Apr 16, 2014 CDT

Did You Know?

In 1941 deep-vat fermentation was developed in Peoria, IL, allowing mass-production of penicillin


Fact courtesy of the USDA


This Day In History
April 16, 1941
Little Theater at Adelphi Strand closes

more info



Did You Know?

In 1790 the total United States population was 3,929,214.
Farmers made up about 90% of the labor force


Fact courtesy of the USDA


 
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