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, April 20, 2014
 
Home
Northwest Grain Growers
My Account
Admin Login
  

Local Cash Bids
 
  April May June July/Aug. 14
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price      
  Chart
14% DNS Cash Price  
  Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart
CLUB PREMIUM Cash Price      
  Chart
CANOLA Cash Price      
  Chart
Price as of 04/20/14 04:14PM CDT.
Month Symbols
Click to view more Cash Bids

Bid Notes


Prices Updated Thursday 2:30 p.m.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

 2014 Winter Wheat RP Base Price = $6.72/bu. Portland

2014 Spring Wheat RP Base Price = $7.54/bu. Portland

Soft White vs. SRW Basis = $0.85over May

New Crop SWW vs. SRW Basis = $0.50 over September

14% DNS Scales:  +.10/-.15 ea. 1/4 from 14%

 11.5% HRW Scales:  +.02/-.04 ea. 1/2% from 11.5%
 

2013/14 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Barge Fuel Surcharge: 
April 28% = $.062/bu. (capped by NWGG at 30%)

Country Elevator Fuel Surcharge:
April 29% = $.035/bu. (capped by NWGG at 30%)


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 14 687'6 701'4 686'4 690'6 3'2 691'2s 02:00P Chart for @W4K Options for @W4K
Jul 14 695'2 709'2 693'2 697'2 3'6 699'0s 04:00P Chart for @W4N Options for @W4N
Sep 14 708'2 718'0 706'2 707'2 3'6 708'2s 02:00P Chart for @W4U Options for @W4U
Dec 14 716'0 730'2 715'0 720'0 4'2 721'0s 04:00P Chart for @W4Z Options for @W4Z
Mar 15 729'6 741'6 729'6 732'4 4'4 733'4s 04:00P Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 14 754'4 772'2 752'2 757'6 3'4 758'0s 02:00P Chart for @KW4K Options for @KW4K
Jul 14 759'6 778'4 758'4 764'2 4'2 765'0s 02:00P Chart for @KW4N Options for @KW4N
Sep 14 768'0 785'0 768'0 770'6 3'6 771'4s 02:00P Chart for @KW4U Options for @KW4U
Dec 14 776'0 795'0 775'4 781'2 3'2 781'0s 02:00P Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 14 725'0 744'2 725'0 731'6 6'2 732'6s 02:00P Chart for @MW4K Options for @MW4K
Jul 14 733'0 752'6 732'6 739'0 4'6 739'6s 02:00P Chart for @MW4N Options for @MW4N
Sep 14 739'6 759'0 739'6 746'2 5'2 746'0s 02:00P Chart for @MW4U Options for @MW4U
Dec 14 751'2 769'6 751'2 757'0 4'6 756'6s 02:00P Chart for @MW4Z Options for @MW4Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 14 497'4 501'2 493'0 494'4 -2'6 494'6s 04:01P Chart for @C4K Options for @C4K
Jul 14 503'4 507'0 498'6 500'4 -3'0 500'4s 04:01P Chart for @C4N Options for @C4N
Sep 14 500'6 503'4 496'4 498'0 -2'4 498'2s 02:00P Chart for @C4U Options for @C4U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 14 1518'0 1531'6 1504'0 1516'2 -4'6 1514'0s 02:00P Chart for @S4K Options for @S4K
Jul 14 1507'2 1521'0 1492'4 1504'0 -6'4 1502'2s 04:00P Chart for @S4N Options for @S4N
Aug 14 1421'2 1434'0 1412'0 1421'6 -3'4 1420'4s 02:00P Chart for @S4Q Options for @S4Q
@ZG - GOLD 100 OZ - NYSEL
Month Open High Low Last Change Close Time More
Apr 14 1289.100 - 9.300 1293.700s 04/17 Chart for @ZG4J Options for @ZG4J
May 14 1294.000 - 9.100 1294.000s 04/17 Chart for @ZG4K Options for @ZG4K
Jun 14 1289.100 - 9.200 1294.200s 04/17 Chart for @ZG4M Options for @ZG4M
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 59oF Feels Like: 59oF
Humid: 39% Dew Pt: 34oF
Barom: 30.27 Wind Dir: WSW
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:57 Sunset: 7:46
As reported at WALLA WALLA, WA at 1:00 PM
View complete Local Weather

Local Forecast
Walla Walla, WA
Chg Zip:

Sunday

Monday

Tuesday

Wednesday

Thursday
High: 67°F
Low: 44°F
Precip: 0%
High: 71°F
Low: 47°F
Precip: 20%
High: 58°F
Low: 46°F
Precip: 80%
High: 59°F
Low: 42°F
Precip: 80%
High: 61°F
Low: 45°F
Precip: 60%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
View complete Local Weather

DTN Ag Headline News
Subtle Changes Following West Explosion
USDA Now Requires PED Reporting
Arctic Warming Tied to Extreme Weather
Stress Test for Borrowers
Chemical Board Plans Meeting in West
West, Texas, Rebuilds
West Blast Victims Remembered
Agricultural Adventure
Kub's Den

Headline News
Lawmakers: Stricter Russia Sanctions 04/20 14:03
Ukraine, Russia Trade Shootout Blame 04/20 13:55
Pope Celebrates Easter With Big Crowd 04/20 14:08
Abdullah's Lead Grows in Afghan Vote 04/20 14:00
Transcript: Ferry Evacuation Confusion 04/20 14:05
Airstrike Targets Al-Qaida Camps 04/20 13:56
GOP Making Play for Oregon Senate Seat 04/20 14:06
Asia Stocks Up in Abbreviated Trading 04/18 07:13


Announcements

NWGG will be closed on Friday April 18 in observance of the Good Friday holiday.  Ag. markets are closed on Friday.  Markets will resume on Monday.  Have a safe and happy Easter weekend!


NWGG Email Alerts and Newsletters
NWGG uses a mass email list to send out notices of our upcoming marketing meetings and we also email a monthly marketing newsletter to our members.  The newsletter typically follows and recaps our marketing meetings.  If you have not been receiving those newsletters for the last couple of months and would like to start receiving them, please call the main office and we can get your email address added to our membership email list.  




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

4/17/14 - Wheat futures are mixed on Thursday going into the holiday weekend.  Nobody wants to be short wheat in case Putin decides to do Putin things before we get back on Monday giving things a positive bias this morning.  There are no grain markets on Good Friday.


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. 4/4/14  Quarterly wheat stocks came in about 10 million bushels higher than the average expectation on the March 31st USDA report.  It looks like projected wheat ending stocks will probably be getting a boost on the April 9th supply and demand report, with some analysts estimating a significant increase for HRW in particular.  While wheat export sales have remained ahead of the USDA's projected pace shipments have been lagging meaning a significant chunk of this year's sales will be getting rolled to new crop.
2. 4/4/14  Regular weekly crop condition and planting progress reports will begin on April 7th and weather will become the major market driver over the next few months.  Crop conditions in the southern Plains have deteriorated over the winter and early spring however rains from this point forward will be the biggest factor in determining the size of the U.S. wheat crop this year.
3. 4/4/14  There don't seem to be any problem areas around the world this year affecting the upcoming wheat crop.  If this remains the case for the next couple of months it's not looking good for prices.  There is talk of a strong El Nino developing in the Pacific this year which has the possibility of drying out Australian crop areas which are already getting pretty dry in the western part of the country.
4.  4/4/14  The tensions in Ukraine seem to be calming down a bit however that could change at any time.  Russia and Ukraine combine to make up 17% of the world's exportable wheat supply so if war does break out it could distrupt the global wheat trade significantly.

5.  The PNW export market still has a labor issue to resolve.  Four of the six export facilities in Portland ("Grain Group") have operated under the same longshoreman union agreement.  That contract expired September 30th, 2012.  Since then the Grain Group and ILWU have been operating under "good faith".  The longshoreman had a very contentious labor dispute last year with the new export facility EGT.  EGT was able to negotiate a better labor deal than the one that the "Grain Group" is operating under now.  Update: Temco broke away from the group and signed their own labor agreement with the ILWU.  United Grain locked out the ILWU after they hired a security expert who found an ILWU employee sabotaging equipment.  United Grain is currently using non-union employees and management to run the elevator and ILWU employees are striking at the entrance to their property.  Columbia Grain has also locked out the ILWU. The situation still looks like it will get worse before it gets better. 
 

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

My LDP
 
Chg Zip: 
County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

Make us your homepage
 
Follow the steps below to make Northwest Grain Growers automatically appear when you launch your browser and when you click the Home button:
  • Open the Edit menu and choose Preferences.
  • Select the Navigator category.
  • Choose Home page under Navigator starts with.
  • In the Home page section, type
    http://www.nwgrgr.com
    in the Location box.
  • Click the OK button.


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