Saturday, January 31, 2015  
 
Wheat News |  Weather 
 Home
 ABOUT MCP
 Contact us
 Farm Stores
 Cash Grain Bids
 MCP Fuel
 Fuel Contracting
 Department Comments
 Calendar of Events
 Career Opportunities
 MCP LINKS
 Applications
 Maintenance Request
 


Grain Market Comments  01/30/15 11:46:19 AM

Have you done some homework on the 2014 Farm Bill?  How will the changes impact your operation? What are the consequences of indecision? Would you like help analyzing your options?

Dr. Art Barnaby from Kansas State University will be presenting helpful decision making information for the 2014 Farm Bill. The presentation will be relevant to our area.


Click here for Flyer

When:
Monday, February 23, 2014
10:00 am to 2:00 pm

Location:
The Fort Dalles Readiness Center
402 East Scenic Drive
The Dalles, Oregon  97058


RSVP To Save Your Spot by Feb 16th 2015!!!
Leave Name (farm name if applicable and contact person),
Contact Number, and Number of Attendees.


A little reward for those who RSVP ~ Lunch will be provided!!!
541-565-3737
800-325-9327
Or Email:

verna@mcpcoop.com

Sponsored by:
Mid Columbia Producers, Inc.
Market Commentary
Wheat continues to spiral downwards, as the market is oversold but nobody wants to stick there neck out on a long position yet. Currently the march is trading at the $5 price level with it testing the support level there. If it breaks below the next key technical resistance line is $4.80. Cash markets grind lower as exports really aren’t in the buying mood, export sales were strong this week for white wheat, and if the trend continues exporters will have to prop up the cash price.  Fun Fact of the Day: The longest recorded flight of a chicken is 13 seconds




Arlington Elevator Update: Currently the Arlington barge facility is not staffed full time, please call Jeff Holliday for delivery assistance. 
Contact Jeff Holliday at 541-980-9362 or 541-442-5555

 
Market News: 
Wheat tries to find a leg to stand on this morning as it trades a couple of cents up. Export sales this morning for old crop came in at 10.5 million bushels slightly under the 11.4 million bushels need for the current marketing year. White wheat came in at 2.4 million bushels with the top buyers being Japan, Thailand and Unknown. Egypt tenders 1 cargo with France being the likely port of call. In outside markets the Dollar continues to gain in strength, and crude oil is mixed after a late session speculative run up. WTI’s once thought to be floor of $50 a barrel may turn in to a key resistance level as fundamentals are still feeding the bears.      
                                                                                                                                                                                                                                                         Information: 
 
Daily cash markets are in the morning from approximately 9:30am to Noon and in the afternoon from approximately 2:30pm to 5:00pm. Note times may vary depending on outside markets or unforeseen interruptions.
 
The Seed Plant will no longer have regular Saturday hours, please call.  541-442-5555 for assistance or with questions.
 
Please check the MCP calendar of events on our website for upcoming MCP marketing meetings and other events. 
                                                                                                                                                                                                                                                                                                           
Arlington Elevator Update: Currently the Arlington barge facility is not staffed full time, please call Jeff Holliday for delivery assistance. Contact Jeff Holliday at 541-993-9362 or 541-442-5555.

Pre Paid Expenses: Yes it is that time of year already! If you would like to pre pay any expenses please call the Moro Office with your instructions.  Thank you!!

Beginning August 1st wheat settlements and contracts will reflect an at the river one cent per bushel barge freight increase for each location. Barley barge freight will also increase at each location beginning August 1st. Freight rates for barley are charged per ton and are as follows: The Dalles $13.36  Biggs $14.32   Arlington  $15.44.  
 
For Winter Delivery - Hours may vary by location please check with your local elevator for current operating hours. 

Please call the Moro Office at 541-565-3737 if:
  • There has been any changes to your entity name?
  • You have any new land lords?
  • You need to update your farm splits?
  • We need to update your information with us match the information given to FSA and your insurance agent?
  • You would like your grain settlements via direct deposit instead of a check?
 



Regular Elevator Hours:       

The Dalles        8 am to 4 pm Monday through Friday

Biggs                 8 am to 4 pm Monday through Friday.

Arlington           8 am to 4 pm Monday through Friday


Please communicate with MCP elevator staff regarding special circumstances.

 
Grain Marketing:

Chicago Futures trade until 11:15 am each day; Except on market holidays OR if markets are interrupted due to unforeseen circumstances. 

The cash market times are as follows; unless interrupted or delayed due to unforeseen circumstances:
  • 9:30 am to 12:00 pm for the morning session
  • 2:30 pm to 5:00 pm for the afternoon session

Futures trading hours are as follows; unless interrupted due to unforeseen circumstances or it is a trading holiday:

  • 6:30 am - 11:15 am Pacific Time, Monday - Friday
  • 5:00 pm-5:45 am Pacific Time Sunday - Friday morning. No trade Friday evening.

For all grain marketing needs please call the Moro Office at  541-565-3737 and ask for the grain department.
Posted bids can be found by clicking on the "Cash Grain Bids" link. 
Bids are posted twice daily.  
Bids are also emailed twice daily. If you would like to be added to our email list feel free to contact us.
Call for the most current bids.

 

debra@mcpcoop.com      matt@mcpcoop.com      verna@mcpcoop.com   joe@mcpcoop.com karissa@mcpcoop.com
 

 

 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN