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 Wednesday, July 30, 2014
 
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Local Cash Bids
 
  July August September January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart Chart
BARLEY Cash Price    
  Chart Chart Chart
14% DNS Cash Price  
  Chart Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart Chart
CLUB PREMIUM Cash Price      
  Chart Chart
CANOLA Cash Price      
  Chart Chart
Price as of 07/30/14 10:18PM CDT.
Month Symbols
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Bid Notes

Prices Updated Wednesday 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


New Crop Soft White vs. SRW Sept. Futures Basis = $1.60/bu.

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

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

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

Barge Fuel Surcharge: 
July 29% = $.064/bu.
August 27% = $.059/bu.

Country Elevator Fuel Surcharge:
July 29% = $.034/bu
August 29% = $.034/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 14 527'0 528'2 526'0 526'6 -0'4 527'2 10:05P Chart for @W4U Options for @W4U
Dec 14 548'2 549'4 548'0 548'0 -1'4 549'4 10:05P Chart for @W4Z Options for @W4Z
Mar 15 571'0 571'4 571'0 571'4 -1'2 572'6 10:05P Chart for @W5H Options for @W5H
May 15 586'6 586'6 Chart for @W5K Options for @W5K
Jul 15 596'2 596'2 595'0 595'0 -2'4 597'4 10:05P Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 615'6 616'4 614'6 616'0 -1'0 617'0 10:05P Chart for @KW4U Options for @KW4U
Dec 14 631'2 631'2 630'2 631'0 -1'2 632'2 10:05P Chart for @KW4Z Options for @KW4Z
Mar 15 637'0 638'4 637'0 638'4 -1'2 639'6 10:05P Chart for @KW5H Options for @KW5H
May 15 643'2 643'4 Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 613'0 613'0 612'0 612'0 -0'6 612'6 09:51P Chart for @MW4U Options for @MW4U
Dec 14 621'4 622'2 621'4 622'2 -0'6 623'0 10:05P Chart for @MW4Z Options for @MW4Z
Mar 15 637'0 636'2 Chart for @MW5H Options for @MW5H
May 15 645'2 645'6 642'0 644'0 2'0 644'2s 09:51P Chart for @MW5K Options for @MW5K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 360'4 360'6 359'0 359'0 -2'6 361'6 10:05P Chart for @C4U Options for @C4U
Dec 14 370'2 370'4 368'6 369'0 -2'4 371'4 10:05P Chart for @C4Z Options for @C4Z
Mar 15 382'4 382'4 381'0 381'0 -2'4 383'4 10:05P Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 14 1219'6 1221'2 1217'4 1220'2 -0'2 1220'4 10:04P Chart for @S4Q Options for @S4Q
Sep 14 1101'6 1102'0 1098'0 1099'4 -2'6 1102'2 10:06P Chart for @S4U Options for @S4U
Nov 14 1080'2 1082'0 1077'4 1079'6 -1'4 1081'2 10:06P Chart for @S4X Options for @S4X
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 100oF Feels Like: 100oF
Humid: 15% Dew Pt: 45oF
Barom: 29.89 Wind Dir: N
Cond: N/A Wind Spd: 8 mph
Sunrise: 5:34 Sunset: 8:24
As reported at WALLA WALLA, WA at 7:00 PM
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Local Forecast
Walla Walla, WA
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Thursday

Friday

Saturday

Sunday

Monday
High: 101°F
Low: 72°F
Precip: 20%
High: 100°F
Low: 73°F
Precip: 23%
High: 98°F
Low: 71°F
Precip: 0%
High: 97°F
Low: 70°F
Precip: 0%
High: 98°F
Low: 70°F
Precip: 0%
View complete Local Weather

Local Radar
Walla Walla, WA
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Radar
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DTN Ag Headline News
DTN Retail Fertilizer Trends
Endangered Species Act Reform Passed
Prepping for a Pest
Groups Want Terminal Reopened
Check and Certify
USDA Weekly Crop Progress
Racing the Clock
DTN Fertilizer Outlook
China Issues New US DDGS Import Rules

Headline News
15 Dead in UN School Shelling in Gaza 07/30 06:11
Senate to Take Action on Highways 07/30 06:24
Senate Unlikely to Pass Border Bill 07/30 06:19
Issues Likely Unanswered as Fed Meets 07/30 06:14
West Imposes Strong Russian Sanctions 07/30 06:23
Syria Using Barrel Bombs, Defying UN 07/30 06:18
House Ready to OK Obama Lawsuit 07/30 06:13
Stocks End the Day Mixed 07/30 15:27


Announcements

Click Here for 2014 Pre-Harvest Newsletter

 

Click Here for Crops Received by Elevator 2014

 

Click here for Athena Ground Pile Update


 


Crop Splits have been mailed out.  Please double check your split information and return to the main office before harvest.  Thank you!


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

7/30/14 - Wheat futures managed to regain about half of what they lost yesterday.  Egypt bought Russian wheat overnight, there was one U.S. SRW boat offered about 20 cents too high but on the previous two tenders there were no U.S. offers.  Nigeria bought some U.S. HRW and SRW.  The SRW purchase is new as they mostly just stick to HRW, Brazil has been doing this as of late as well.


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. 7/18/14 Harvest is is rolling now locally and will be picking up around the PNW next week.  Basis levels remain at historically high levels for this time of year, or any time of year for that matter.
2. 7/18/14 Political tensions are ramping up again and speculative funds have built up a fairly large short position in Chicago wheat futures.  Should the conflict in Ukraine escalate again we could see the funds cover their position as they did earlier this year when Russia first invaded Crimea.
3. 7/18/14 World wheat production is ample this year which will limit chances for prices to rise significantly this year.
4. 7/18/14 So far the El Nino has not dried out Australia which remains in good shape so far this year. They are entering a critical growing period however so the next month and a half will need to be watched closely.
5. 5/1/14 Another PNW exporter, Kalama Export Company, sees their labor agreement expire this summer which could result in similar conditions that have affected Columbia Grain and United Grain over the past year.  Additionally Louis Dreyfus has a terminal that has been under repair for the past year that will come back into service this fall and they are also part of the group with Columbia and United that have not reached an agreement with the ILWU. 

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