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 Tuesday, September 23, 2014
 
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Local Cash Bids
 
  September October November December January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
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BARLEY Cash Price        
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14% DNS Cash Price  
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11.5% HRW Cash Price  
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CLUB PREMIUM Cash Price          
  Chart
CANOLA Cash Price          
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Price as of 09/23/14 05:22PM CDT.
Month Symbols
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Bid Notes

Prices Updated Tuesday 2:30 pm

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

2014 Final RP Harvest Price = $6.86/bu. Portland

2014 Final Spring Wheat RP Harvest Price = $6.17/bu. Portland

2015 Estimated RP Base Price = $6.20/bu. Portland


Soft White vs. SRW Dec. Futures Basis = $1.75/bu.

14% DNS Scales:  +.30/-.40 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:
September 27% = $.059/bu.

Country Elevator Fuel Surcharge:
September 28% = $.034/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 475'4 479'6 471'0 475'4 -0'6 476'0s 04:59P Chart for @W4Z Options for @W4Z
Mar 15 489'4 492'2 484'0 488'0 -1'2 488'2s 01:30P Chart for @W5H Options for @W5H
May 15 499'0 500'2 492'2 496'6 -2'2 496'6s 04:57P Chart for @W5K Options for @W5K
Jul 15 507'6 508'4 501'2 504'2 -3'6 504'6s 05:02P Chart for @W5N Options for @W5N
Sep 15 520'6 521'4 514'6 517'2 -4'6 517'4s 05:03P Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 558'4 563'2 553'4 561'6 1'6 562'0s 04:58P Chart for @KW4Z Options for @KW4Z
Mar 15 564'0 567'4 558'4 566'0 1'0 566'2s 04:58P Chart for @KW5H Options for @KW5H
May 15 568'0 570'4 562'6 569'2 0'6 569'4s 01:30P Chart for @KW5K Options for @KW5K
Jul 15 562'0 563'2 555'2 561'4 0'2 562'2s 03:33P Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 536'0 538'4 531'4 533'2 -2'2 534'4s 04:58P Chart for @MW4Z Options for @MW4Z
Mar 15 548'0 553'4 546'6 548'4 -1'6 549'6s 03:58P Chart for @MW5H Options for @MW5H
May 15 566'0 566'0 557'6 560'2 -2'0 560'2s 05:04P Chart for @MW5K Options for @MW5K
Jul 15 573'6 574'6 568'6 570'0 -1'2 571'2s 01:31P Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 329'4 331'0 325'2 325'2 -4'6 325'4s 05:10P Chart for @C4Z Options for @C4Z
Mar 15 342'0 343'0 337'6 337'6 -4'4 338'2s 05:02P Chart for @C5H Options for @C5H
May 15 346'6 351'4 346'2 346'2 -4'4 346'6s 04:58P Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 936'0 944'4 931'0 936'6 -2'0 936'2s 05:11P Chart for @S4X Options for @S4X
Jan 15 943'0 951'4 938'2 944'0 -2'0 943'6s 04:58P Chart for @S5F Options for @S5F
Mar 15 950'0 958'0 944'4 951'4 -1'2 951'0s 04:58P Chart for @S5H Options for @S5H
My Custom Markets
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Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 81oF Feels Like: 81oF
Humid: 44% Dew Pt: 57oF
Barom: 29.83 Wind Dir: W
Cond: N/A Wind Spd: 12 mph
Sunrise: 6:41 Sunset: 6:49
As reported at WALLA WALLA, WA at 2:00 PM
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Local Forecast
Walla Walla, WA
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Tuesday

Wednesday

Thursday

Friday

Saturday
High: 82°F
Low: 63°F
Precip: 0%
High: 77°F
Low: 60°F
Precip: 0%
High: 66°F
Low: 58°F
Precip: 60%
High: 75°F
Low: 49°F
Precip: 0%
High: 70°F
Low: 53°F
Precip: 60%
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Local Radar
Walla Walla, WA
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Radar
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DTN Ag Headline News
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USDA Weekly Crop Progress
Farm Investors Welcome
Weekly Transportation Update
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Crop Tech Corner
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Grain Storage Pests

Headline News
Obama Scores Victory With Arab Strikes 09/23 06:11
Ukraine Rebels Withdraw Heavy Artillery09/23 06:18
Obama Offers Climate Change Help 09/23 06:23
Oversesas Mergers Limits Renew Debate 09/23 06:14
Karzai Takes Final Swipe at US 09/23 06:17
General: No Safe Haven for Militants 09/23 06:22
WHO: 21,000 Ebola Cases if No Changes 09/23 06:13
Europe, Syria Drag on Global Stocks 09/23 17:18


Announcements

NWGG Marketing Meeting
Tuesday Sept. 23, 2014
7:30am Main Office
USDA S&D updates, cash markets and 2015 crop insurance thoughts.

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

9/23/14 - Not a lot of news this morning.  The next important round of USDA reports are a week from today as they put out their quarterly stock numbers along with the small grains summary.  The small grains summary will adjust wheat production numbers which should mean a big decrease for white wheat with increases for everything else.


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. 8/21/14 Heavy rains in southern Idaho have severely impacted crop quality in wheat and barley that had yet to be harvested, with some estimates saying up to 40% of the wheat crop wasn't harvested when the rains came.  This makes an already small SWW crop that much smaller.  Stocks of white wheat are looking to be extremely tight this year.
2.8/13/14 Harvest is probably around 75% done in the PNW. Crop is smaller than expected overall with proteins runnings higher than normal.  Basis levels remain at historically high levels for this time of year, or any time of year for that matter.

3. 8/13/2014 World wheat production is estimated at a massive 716 million metric tonnes. Western Europe is getting some rain which is turning some of their stocks into feed, but it still appears there will be plenty of wheat to compete with for exports.
4. 8/13/14 El Nino has not dried out Australia as predicted earlier this year.  Cold weather has damaged a small portion of their crop, but the next 60 days is the critical weather period in determining their overall crop size and should be watched closely. 
5. 8/12/14 Grain handlers and ILWU reach late night agreement.  A long running lockout marked by pickets and inspectors's safety concerns appears to have come to an end, following a tentative agreement reached late Monday between the ILWU and three Pacific Northwest grain handling companies.  


 

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