Saturday, August 2, 2014  
 
 
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News and Information


08/01/14

Market News


Wheat futures rallied again to open the session.  Quality problems with wheat in France and Germany along with yesterday's positive export sales report helped push wheat prices higher with K.C. leading the way again.  But like yesterday funds turned sellers at the close and wheat closed only slightly higher.  Corn and soybeans both closed lower with corn setting new life of contract lows.  One Ag Advisory Service is calling for U.S. corn production to hit 14.4 billion bu and U.S. soybean production to reach close to 3.9 billion bu.  Both numbers up from USDA latest production estimates.  Some stations south of Odessa are finishing up if you plan on hauling into Lauer, Reiman, Jantz or Schoonover please call the office so we can make sure your station is manned.  Thank you. 

 

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.

DTN Videos
 03:15
8/1/2014 Row Crops Slide Friday
 03:14
8/1/2014 Mixed Rain Outlook
 01:34
8/1/2014 Soybeans Tumble Friday
 01:08
6/30/2014 Chris Clayton on Route 66, part 3
 00:57
6/30/2014 Chris Clayton on Route 66

DTN Ag Policy Blog
Chris Clayton Bio
DTN Ag Policy Editor
Friday, August 1, 2014 6:09PM CDT

With Congress now on a five-week vacation lawmakers are likely to get an earful from U.S. farmers.

Thursday, July 31, 2014 5:18PM CDT
Tuesday, July 29, 2014 9:14PM CDT

DTN Ag Headline News
Dr. Dan Talks Agronomy
SDS Alert
DTN Retail Fertilizer Trends
Endangered Species Act Reform Passed
Prepping for a Pest
Groups Want Terminal Reopened
Check and Certify
USDA Weekly Crop Progress
Racing the Clock

DTN Market News
Upper Mississippi River Closed Again
DTN Early Word Grains 08/01 05:57
DTN Midday Grain Comments 08/01 11:19
DTN Closing Grain Comments 08/01 14:05
DTN Cattle Close/Trends 08/01 15:25
DTN Early Word Opening Livestock 08/01 06:14
DTN Midday Livestock Comments 08/01 12:00
DTN Closing Livestock Comment 08/01 16:38
DTN Chart Technical Points 08/01 16:30
DTN Feeder Pig Index

Headline News
Kerry Brokers 72-hour Truce 08/01 06:13
Experts Reach Ukraine Crash Site 08/01 06:22
WTO Regrouping Over Global Trade Deal 08/01 06:17
Divisions on Border Bill Delay Break 08/01 06:28
Cantor to Resign in August 08/01 06:15
Senate Confirms Ambassador to Russia 08/01 06:24
Europe to Fight Violence Against Women 08/01 06:19
S&P 500 Has its Worst Week in 2 Years 08/01 16:17

DTN Market Matters Blog
Katie Micik Bio
Markets Editor
Friday, August 1, 2014 6:25PM CDT

The heavy rain and flooding in the Upper Mississippi River this spring has created another problem for the river: shoaling. Shoaling is the result of sediment settling in the river, mainly in channels near locks, causing the water levels there to become shallow. This can create sandbars that would be dangerous for barges to navigate and they could become stuck. Barges need at least a 9-foot draft to navigate safely and when shoaling occurs, the Army Corps of Engineers needs to dredge the area, closing all traffic on either side of the area.

Friday, July 25, 2014 7:20PM CDT
Tuesday, July 22, 2014 11:45AM CDT

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


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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
Sep 14 531'0 544'0 530'4 534'4 4'0 534'2s 08/01 Chart for @W4U Options for @W4U
Dec 14 550'2 562'6 550'2 553'4 3'0 553'2s 08/01 Chart for @W4Z Options for @W4Z
Mar 15 572'2 583'2 572'0 574'4 1'6 574'0s 08/01 Chart for @W5H Options for @W5H
May 15 586'0 595'6 585'2 587'4 1'0 587'0s 08/01 Chart for @W5K Options for @W5K
Jul 15 595'4 604'0 594'0 594'4 0'0 595'6s 08/01 Chart for @W5N Options for @W5N
Sep 15 610'0 612'0 606'6 606'6 0'0 607'4s 08/01 Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 625'2 642'2 625'2 632'4 7'0 632'6s 08/01 Chart for @KW4U Options for @KW4U
Dec 14 638'4 654'0 638'4 643'2 4'4 643'4s 08/01 Chart for @KW4Z Options for @KW4Z
Mar 15 644'0 658'4 644'0 647'4 3'6 648'0s 08/01 Chart for @KW5H Options for @KW5H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 615'0 627'0 614'4 614'4 0'0 616'0s 08/01 Chart for @MW4U Options for @MW4U
Dec 14 627'0 638'0 625'4 626'2 0'4 626'6s 08/01 Chart for @MW4Z Options for @MW4Z
Mar 15 639'6 651'0 639'6 640'2 1'6 640'4s 08/01 Chart for @MW5H Options for @MW5H
May 15 654'0 655'4 651'0 651'0 2'0 648'2s 08/01 Chart for @MW5K Options for @MW5K
Jul 15 656'6 662'0 656'6 656'6 1'2 655'2s 08/01 Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 357'0 358'6 351'4 351'6 -4'4 352'4s 08/01 Chart for @C4U Options for @C4U
Dec 14 366'6 368'2 361'4 361'4 -4'6 362'2s 08/01 Chart for @C4Z Options for @C4Z
Mar 15 379'2 381'0 374'0 374'2 -4'6 374'6s 08/01 Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 14 1224'2 1225'6 1210'6 1214'2 -9'4 1215'0s 08/01 Chart for @S4Q Options for @S4Q
Sep 14 1095'0 1098'2 1069'6 1074'0 -26'2 1073'4s 08/01 Chart for @S4U Options for @S4U
Nov 14 1077'2 1079'6 1056'0 1059'4 -23'4 1058'4s 08/01 Chart for @S4X Options for @S4X
Jan 15 1086'6 1087'6 1064'2 1067'6 -23'4 1066'6s 08/01 Chart for @S5F Options for @S5F
Mar 15 1094'0 1094'2 1072'6 1075'6 -22'4 1075'0s 08/01 Chart for @S5H Options for @S5H
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Sep 14 354'0 354'6 349'2 349'2 -3'6 350'6s 08/01 Chart for @O4U Options for @O4U
Dec 14 331'0 332'0 329'4 332'0 0'2 330'6s 08/01 Chart for @O4Z Options for @O4Z
Mar 15 318'6 318'6 316'6 316'6 -0'4 318'2s 08/01 Chart for @O5H Options for @O5H
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 14 157.525 157.725 155.350 157.175 - 0.625 157.300s 08/01 Chart for @LE4Q Options for @LE4Q
Oct 14 156.800 157.250 154.425 156.075 - 1.325 156.000s 08/01 Chart for @LE4V Options for @LE4V
Dec 14 157.275 157.550 155.100 156.450 - 1.675 156.425s 08/01 Chart for @LE4Z Options for @LE4Z
@GF - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 14 220.825 220.825 217.950 220.400 - 0.400 220.275s 08/01 Chart for @GF4Q Options for @GF4Q
Sep 14 220.650 220.725 218.200 219.875 - 1.300 219.900s 08/01 Chart for @GF4U Options for @GF4U
Oct 14 220.800 220.800 218.025 219.525 - 1.425 219.600s 08/01 Chart for @GF4V Options for @GF4V
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: 74oF Feels Like: 73oF
Humid: 34% Dew Pt: 44oF
Barom: 29.87 Wind Dir: NNE
Cond: N/A Wind Spd: 12 mph
Sunrise: 5:37 Sunset: 8:29
As reported at MOSES LAKE, WA at 1:00 AM
 
Local Radar
Odessa, WA
Radar
 
Local Forecast
Odessa, WA

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 102°F
Low: 65°F
Precip: 20%
High: 100°F
Low: 65°F
Precip: 20%
High: 102°F
Low: 65°F
Precip: 0%
High: 99°F
Low: 64°F
Precip: 0%
High: 97°F
Low: 63°F
Precip: 0%
View complete Local Weather
 
DTN Weather Summary
Most Crop Areas Dry Saturday
Bryce Anderson (Bio) – DTN Meteorologist

Dry conditions expected Saturday for most areas with the exception of the southern tier of states, which will get some light rain. » More DTN Weather Commentary

Posted at 2:34PM Fri Aug 1, 2014 CDT

Did You Know?

In 1920 the Warner-Bratzler shear instrument was developed to objectively measure meat tenderness


Fact courtesy of the USDA


This Day In History
August 2, 1985
NASA launches space vehicle S-209

more info



Did You Know?

In 1929 the Mediterranean fruit fly was discovered in Florida


Fact courtesy of the USDA


 
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