850 N 4TH AVE. * WALLA WALLA, WA  99362
TELEPHONE (509) 525-6510
FAX (509) 529-6050

Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Sunday, February 1, 2015
 
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Local Cash Bids
 
  February March July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart
BARLEY Cash Price    
  Chart
14% DNS Cash Price
  Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart
CANOLA Cash Price    
  Chart
Price as of 02/01/15 08:39AM CST.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 A.M.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

2015 Winter Wheat RP Base Price = $6.20/bu. Portland

2015 Spring Wheat RP Base Price = $6.55/bu. Portland

Soft White vs. SRW Mar. Futures Basis = $1.50/bu.

New Crop Soft White vs. SRW Sep. Futures Basis = $0.90/bu

14% DNS Scales:  +.15/-.25 ea. 1/4 from 14%

11.5% HRW Scales:  +.00/-.04 ea. 1/2% from 11.5%

2014/15 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Barge Fuel Surcharge:
January 14% = $.031/bu.

Country Elevator Fuel Surcharge:
January  19% = $.023/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 508'0 511'6 497'0 503'0 -5'0 502'6s 01/30 Chart for @W5H Options for @W5H
May 15 512'4 515'6 501'6 507'2 -5'6 506'6s 01/30 Chart for @W5K Options for @W5K
Jul 15 517'0 520'6 507'0 512'0 -5'4 511'4s 01/30 Chart for @W5N Options for @W5N
Sep 15 526'2 526'2 515'0 520'0 -5'4 519'6s 01/30 Chart for @W5U Options for @W5U
Dec 15 537'4 540'0 527'2 533'0 -5'4 532'2s 01/30 Chart for @W5Z Options for @W5Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 15 544'0 549'4 536'2 539'4 -3'6 540'2s 01/30 Chart for @KW5H Options for @KW5H
May 15 549'2 553'4 539'6 542'2 -6'0 542'6s 01/30 Chart for @KW5K Options for @KW5K
Jul 15 554'0 558'0 543'4 545'4 -7'2 546'2s 01/30 Chart for @KW5N Options for @KW5N
Sep 15 567'2 567'2 555'4 559'2 -7'0 557'6s 01/30 Chart for @KW5U Options for @KW5U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 559'2 563'0 553'2 557'2 -2'4 556'6s 01/30 Chart for @MW5H Options for @MW5H
May 15 564'6 569'6 559'2 561'0 -4'2 561'2s 01/30 Chart for @MW5K Options for @MW5K
Jul 15 573'4 576'6 567'2 568'0 -4'0 569'0s 01/30 Chart for @MW5N Options for @MW5N
Sep 15 581'0 585'2 575'6 577'2 -4'4 577'0s 01/30 Chart for @MW5U Options for @MW5U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 372'6 373'0 365'6 370'6 -1'4 370'0s 01/30 Chart for @C5H Options for @C5H
May 15 380'6 381'0 373'6 378'6 -1'4 378'4s 01/30 Chart for @C5K Options for @C5K
Jul 15 388'4 388'4 381'4 386'2 -1'6 386'0s 01/30 Chart for @C5N Options for @C5N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 968'0 972'6 955'0 961'2 -7'2 961'0s 01/30 Chart for @S5H Options for @S5H
May 15 974'6 979'0 961'6 968'0 -7'0 967'6s 01/30 Chart for @S5K Options for @S5K
Jul 15 979'6 984'0 967'0 973'4 -7'0 972'6s 01/30 Chart for @S5N Options for @S5N
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 35oF Feels Like: 31oF
Humid: 89% Dew Pt: 32oF
Barom: 30.23 Wind Dir: SSW
Cond: N/A Wind Spd: 5 mph
Sunrise: 7:15 Sunset: 4:57
As reported at WALLA WALLA, WA at 6:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Sunday

Monday

Tuesday

Wednesday

Thursday
High: 42°F
Low: 32°F
Precip: 54%
High: 51°F
Low: 38°F
Precip: 80%
High: 47°F
Low: 39°F
Precip: 80%
High: 45°F
Low: 38°F
Precip: 40%
High: 48°F
Low: 37°F
Precip: 60%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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Announcements

 


NWGG Wheat Buying Hours

SWW 8:30am -11am and 2:30pm to 4:30pm (no markets Friday afternoon)
HRW & DNS 8:30am to 11am (no afternoon markets)



 


Daily Commentary

1/30/15 - Speculative funds are short wheat futures and are pressing prices lower today to dress up the books for the end of the month.  Chicago futures have dipped below $5 without much follow through to this point.  The close should be pretty volatile.  White wheat remains relatively resillient on tight stocks and good export business.


The Weekly Top Five
These are the 5 biggest issues that NWGG feel are affecting today's markets and items to watch for as we progress through the year.     
1. 1/22/15 White wheat ending stocks for this year are projected at 33 million bushels which is extremely tight and should support prices going into the spring in spite of weakness in Chicago wheat futures.
2. 1/22/15 Russia has imposed a tariff on wheat exports starting Feb. 1.  Their supplies are not exactly tight and they are instead using this as a way to keep prices down internally in order to combat inflation caused by their currency losing so much value recently.
3. 1/22/15 Export business for soft white wheat has been very good relative to what is needed to meet the USDA's projected totals for the year and will actually have to slow down in order to not draw down ending stocks any further.

4. 12/3/14 Australia downgraded their projected wheat production to 23.2 million metric tons, the USDA has them at 24 MMT.  Further declines are likely however not to levels that will cause any widespread market concern at this point.
5. 11/11/14 Rail freight prices have continued their decline which has placed pressure on the high basis levels we've been enjoying lately for HRW and DNS.

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