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 Thursday, October 30, 2014
 
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Local Cash Bids
 
  October November December January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart Chart
BARLEY Cash Price        
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14% DNS Cash Price  
  Chart Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart Chart
CLUB PREMIUM Cash Price        
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CANOLA Cash Price        
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Price as of 10/30/14 01:54PM CDT.
Month Symbols
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Bid Notes

Prices Updated Thursday 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 Dec. Futures Basis = $1.69/bu.

14% DNS Scales:  +.20/-.30 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:
October 30% = $.066/bu.
November 23% = $.05/bu.

Country Elevator Fuel Surcharge:
October 29% = $.035/bu.
November 27% = $.032/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 538'2 545'4 532'4 535'6 -2'2 536'0s 01:30P Chart for @W4Z Options for @W4Z
Mar 15 553'6 558'0 544'6 548'4 -2'0 549'0s 01:30P Chart for @W5H Options for @W5H
May 15 557'6 565'0 552'6 556'2 -1'0 557'0s 01:30P Chart for @W5K Options for @W5K
Jul 15 565'4 571'4 560'2 564'6 -1'0 564'6s 01:30P Chart for @W5N Options for @W5N
Sep 15 575'0 578'6 570'2 574'4 -0'6 575'2s 01:30P Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 606'0 611'6 599'4 601'4 -4'4 602'0s 01:30P Chart for @KW4Z Options for @KW4Z
Mar 15 611'0 616'2 604'4 606'2 -4'0 607'2s 01:30P Chart for @KW5H Options for @KW5H
May 15 615'4 617'4 606'4 608'4 -3'2 609'2s 01:30P Chart for @KW5K Options for @KW5K
Jul 15 605'6 610'6 601'0 603'2 -2'4 603'6s 01:30P Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 581'4 586'4 575'6 578'6 -4'6 577'6s 01:31P Chart for @MW4Z Options for @MW4Z
Mar 15 592'4 596'6 586'6 588'6 -3'6 588'6s 01:31P Chart for @MW5H Options for @MW5H
May 15 602'0 605'0 596'6 597'4 -3'6 597'4s 01:31P Chart for @MW5K Options for @MW5K
Jul 15 609'6 612'0 607'0 607'0 -3'2 607'2s 01:31P Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 374'6 381'0 371'4 373'2 -1'2 374'0s 01:30P Chart for @C4Z Options for @C4Z
Mar 15 388'0 394'2 384'2 386'4 -1'4 387'0s 01:30P Chart for @C5H Options for @C5H
May 15 397'0 402'4 393'0 394'6 -1'2 395'6s 01:30P Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 1042'4 1053'6 1023'4 1024'4 -18'6 1024'2s 01:30P Chart for @S4X Options for @S4X
Jan 15 1048'4 1059'2 1029'0 1030'0 -19'2 1029'6s 01:30P Chart for @S5F Options for @S5F
Mar 15 1056'0 1066'2 1035'2 1035'6 -20'0 1036'0s 01:30P Chart for @S5H Options for @S5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 53oF Feels Like: 53oF
Humid: 86% Dew Pt: 49oF
Barom: 30.02 Wind Dir: WSW
Cond: N/A Wind Spd: 5 mph
Sunrise: 7:31 Sunset: 5:42
As reported at WALLA WALLA, WA at 11:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Thursday

Friday

Saturday

Sunday

Monday
High: 70°F
Low: 49°F
Precip: 0%
High: 61°F
Low: 47°F
Precip: 30%
High: 55°F
Low: 45°F
Precip: 72%
High: 57°F
Low: 42°F
Precip: 0%
High: 59°F
Low: 42°F
Precip: 20%
View complete Local Weather

Local Radar
Walla Walla, WA
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Radar
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Announcements

Click on the links below for fall plant news and prices:

Click Here for 2014 Fall Seed Newsletter

Click Here for 2014 NWGG Variety Trial Data

Click Here for 2014 Fall Seed Prices

 

  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

10/30/14 -  The rally in futures is slowing down as soybean meal and soybeans have turned lower today.  Wheat was fairing the best of the three major players but has backed off to even going into the close.  Export sales of wheat were 16 million bushels last week with 2.5 million being white wheat, which is more than enough.  Producer selling has picked up this week but has yet to overwhelm buyers.


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. 10/22/14 White wheat production was reduced to its lowest level since 1991 on the latest USDA supply and demand report and ending stocks were cut 15 million bushels to 37 million.  Milling quality wheat is in even smaller supply than that though with high proteins this year on top of a sizable amount of rain damaged wheat in Southern Idaho.
2. 10/22/14 Corn and soybean harvest progress has lagged the average pace however not enough to be concerning.  In fact huge crops tend to lag the pace as 2009 did the last time new yield records were set.  Next USDA monthly supply and demand report  will be released on November 10, 2014.   
3.10/22/14 The world grew an ample wheat crop this year however projected ending stocks have been reduced for the first time in several months on the last USDA world supply and demand report.  
4. 10/22/14 Rail freight prices have begun to ease from their late summer highs even as corn and soybean harvest is in full swing.  It seems that we may not return to the record freight prices of last year barring a nasty winter which means that our high basis levels for HRW and DNS may be under pressure as freight prices decline.

5. 10/22/14 Australia is nearing harvest and additional moisture will probably not help their crops at this point.  The last month and a half has been very dry in Eastern Australia cutting their production potential.  The USDA is estimating 25 million metric tons of production however most private estimates put it closer to 21-22 MMT, still plenty but not burdensome.
 

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