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 Friday, September 4, 2015
 
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Local Cash Bids
 
  September October November December January
Delivered Coast SOFT WHITE WHEAT Cash Price
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BARLEY Cash Price        
  Chart
14% DNS Cash Price
  Chart Chart Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart Chart Chart
Price as of 09/04/15 07:20AM CDT.
Month Symbols
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Bid Notes

REMINDER PRICES ARE NOW DELIVERED COAST 

2015 SWW LOW PROTEIN PREMIUMS (DLVD JULY-AUGUST 2015)
10.5-10.1%   +0.65
10.0-9.6%     +0.95
9.5-9.1%       +1.35
9.0-8.6%       +1.65
8.5-8.1%       +1.95
8.0 and less  +2.25



Club Premium: Under 12% protein +75 cents, 12% and over +50

Prices Updated Thursday 2:30pm


BIDS ARE SUBJECT TO CHANGE AT ANY TIME

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

2015 Winter Wheat RP Current Harvest Price = $5.55/bu. Portland

2016 Winter Wheat RP Current Base Price = $5.65/bu. Portland

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

2015 Spring Wheat RP Current Harvest Price = $5.10/bu. Portland


Soft White vs. SRW Dec Futures Basis = $0.75/bu.


14% DNS Scales:  +.05/-.15 ea. 1/4 from 14%, 16% max, 12% min

11.5% HRW Scales:  +.03/-.05 ea. 1/2% from 11.5%, 13% max, 9.5% min

Barge Fuel Surcharge:
September -5.9% = -$.019/bu. (negative means you get a credit back)


Country Elevator Fuel Surcharge:
September 17% = $.02/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 15 456'6 456'6 456'0 456'4 0'0 456'4 07:08A Chart for @W5U Options for @W5U
Dec 15 466'0 469'4 463'0 468'2 3'0 465'2 07:09A Chart for @W5Z Options for @W5Z
Mar 16 475'2 478'0 472'0 476'6 3'0 473'6 07:09A Chart for @W6H Options for @W6H
May 16 480'0 483'4 477'6 483'4 4'0 479'4 07:09A Chart for @W6K Options for @W6K
Jul 16 485'0 488'2 482'4 487'0 2'6 484'2 07:09A Chart for @W6N Options for @W6N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 15 440'2 440'2 440'2 440'2 -1'2 441'4 07:09A Chart for @KW5U Options for @KW5U
Dec 15 467'0 471'2 465'6 470'6 3'0 467'6 07:09A Chart for @KW5Z Options for @KW5Z
Mar 16 482'0 485'2 480'0 484'4 2'4 482'0 07:09A Chart for @KW6H Options for @KW6H
May 16 490'6 495'2 490'6 495'0 3'2 491'6 07:09A Chart for @KW6K Options for @KW6K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 15 486'0 486'4 485'4 486'4 -4'6 484'6s 07:09A Chart for @MW5U Options for @MW5U
Dec 15 500'0 504'0 499'0 503'6 3'4 500'2 07:09A Chart for @MW5Z Options for @MW5Z
Mar 16 517'2 518'0 516'0 516'4 0'0 516'4 07:09A Chart for @MW6H Options for @MW6H
May 16 527'6 527'6 527'6 527'6 0'4 527'2 07:09A Chart for @MW6K Options for @MW6K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 15 348'0 349'4 347'4 349'2 1'4 347'6 07:09A Chart for @C5U Options for @C5U
Dec 15 361'6 363'0 360'4 361'6 0'2 361'4 07:09A Chart for @C5Z Options for @C5Z
Mar 16 373'0 374'2 372'0 373'0 0'0 373'0 07:09A Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 15 879'6 885'4 879'6 885'4 5'6 879'6 07:09A Chart for @S5U Options for @S5U
Nov 15 869'2 875'6 868'6 873'4 4'0 869'4 07:09A Chart for @S5X Options for @S5X
Jan 16 873'2 879'6 873'0 877'4 4'0 873'4 07:10A Chart for @S6F Options for @S6F
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 51oF Feels Like: 51oF
Humid: 52% Dew Pt: 34oF
Barom: 29.92 Wind Dir: SSE
Cond: N/A Wind Spd: 6 mph
Sunrise: 6:17 Sunset: 7:26
As reported at WALLA WALLA, WA at 4:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Friday

Saturday

Sunday

Monday

Tuesday
High: 73°F
Low: 50°F
Precip: 29%
High: 67°F
Low: 52°F
Precip: 80%
High: 72°F
Low: 52°F
Precip: 50%
High: 75°F
Low: 52°F
Precip: 0%
High: 80°F
Low: 52°F
Precip: 0%
View complete Local Weather

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


Announcements

NWGG Fall Seed Meetings
NWGG is hosting 3 grower meetings to talk about seed protectants and seed variety information.  The focus will be on education for seedling diseases and plant health.  We will also talk briefly about seed varieties and some of the new varieties that are being released into the market.  

Sept. 3 @ 8:30 am - Best Western Dayton (with Columbia County Grain Growers)


SEED TEST PLOT RESULTS

HIGH RAINFALL CLICK HERE

LOW RAINFALL CLICK HERE


LIST OF CROPS RECEIVED BY ELEVATOR

CLICK HERE

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

9/3/15 - Egypt came in to buy wheat yesterday and results are still awaited, what was notable though was French wheat was offered cheaper than Black Sea origins on a FOB basis which doesn't include freight cost.  That is a pretty definitive statement on the world value of wheat.  STATSCAN released their stocks numbers this morning and almost everything was greater than expected including wheat.  Western Australia saw some freezing temperatures last night which may have affected some of their wheat crop but we won't know how badly for a while.  Wheat export sales were poor this week along with corn at 10.2 million bushels and 17 million bushels respectively.  White wheat sales were only 200K bushels this week.


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. 8/24/15 Concerns about China's economy collapsing have spilled into the financial markets and it remains to be seen as to how this will affect grain prices.  During the past two day's selloff grains have been pretty much unscathed but will that continue?
2. 8/19/15 Australia continues to receive rain despite the developing El Nino in the Pacific, at this point even if they're dry for the next month and a half they're probably not looking at a crop disaster like other El Nino years.
3. 8/19/15 The USDA supply and demand report for August increased corn production in spite of most of the industry's expectation.  If weather remains benign through harvest then this crop has a chance at being bigger than expected.
4. 8/19/15 Speculators in Chicago wheat futures currently have a small net short position and may look to add to that unless a news event causes the market's attitude to shift.
5. 8/24/15 The CRC harvest price discovery period is now more than 3/4 over and if the cash price of wheat continues to decline then the insurance guarantee will fail to keep pace.


 

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