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Grain Market Comments  02/26/15 11:39:29 AM

 
Market Commentary 
Wheat futures continue spiral lower, with mediocre export sales and a very sharp rally in the U.S dollar index. All wheat came in at 16.9 million bushels with 12.1 million bushels being for the current marketing year. Soft white wheat did a little better than last week’s report with 1.64 million bushels in sales for the 2014/2015 crop year. The total percentage of sww sales are 91% for the year. Fun Fact: Otters sleep holding hands with each other.
 


Good Day!!

It has come to our attention that some of you may not be receiving our bids by email!! If this is the case and you would like to be included, please email or call our office and we will work with you to correct the issue. Please also check you "junk" or "trash" folders to see if they are being scooped up by your spam filters.

We thank you for your patience!!!

Email your request to verna@mcpcoop.com
Call 541-565-3737

Have a great day!!!

The MCP Grain Department
 
Planned Maintenance Notice - The Dalles West will be closed to all traffic on Feb 26th and 27th for maintenance. 

Information listed below was copied from ODOT Trip Check 2-5-15 - Please read. If you need further assistance please call our office. 541-565-3737
 

I-84
MP 83.5 - 88.5

I-84, The Dalles

Informational only
Construction Work

Lanes Affected: (Westbound) Shoulder
(Eastbound) Shoulder
Comments: Contractor will begin placing asphalt in advance of shifting traffic. Traffic will be, placed in single lanes throughout the project both EB & WB. Speeds will be reduced to 50mph on I84 through the work zone. Traffic can expect minimal, delays. Wildish Standard Paving Company will be replacing the concrete pavement located, on Interstate 84 within the city limits of The Dalles. They will also be constructing, a new bridge on I-84 over Threemile Creek. The work will take place in stages in order, to minimize delays and ensure that both freeway lanes are open in each direction during, peak traffic volumes this summer and over holiday weekends. Starting in early February, traffic will be placed in a single lane in each direction to start stage construction., The first major stage will be completed by Memorial Day 2015. During the summer work, will consist mostly of bridge construction. Roadwork will pick up again after Labor Day, 2015 with the project being completed by Memorial Day 2016.

Public Contact: ODOT/CTOC Bend

Incident #: 204631

Last Updated:02/05/2015 11:02 pm

 

 

Planned Maintenance Notice - The Dalles West will be closed to all traffic on Feb 26th and 27th for maintenance.
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
 

 

 
 
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