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 2, 2014
 
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  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          
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CANOLA Cash Price          
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Price as of 09/02/14 11:36AM CDT.
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Bid Notes

Prices Updated Monday 8:30 a.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

2014 Estimated RP Harvest Price = $6.85/bu. Portland

2015 Estimated RP Base Price = $6.33/bu. Portland


New Crop Soft White vs. SRW Dec.. Futures Basis = $1.45/bu.

14% DNS Scales:  +.08/-.12 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:
August 27% = $.059/bu.
September 27% = $.059/bu.

Country Elevator Fuel Surcharge:
August 29% = $.035/bu.
September 28% = $.034/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 14 550'2 553'0 538'6 544'0 -6'2 550'2 11:25A Chart for @W4U Options for @W4U
Dec 14 562'6 566'0 550'6 556'2 -7'2 563'4 11:25A Chart for @W4Z Options for @W4Z
Mar 15 581'0 584'0 569'4 575'0 -7'4 582'4 11:25A Chart for @W5H Options for @W5H
May 15 589'4 593'6 580'0 584'4 -7'6 592'2 11:25A Chart for @W5K Options for @W5K
Jul 15 597'0 601'0 587'6 593'0 -6'2 599'2 11:25A Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 626'2 628'4 614'0 614'0 -12'2 626'2 11:25A Chart for @KW4U Options for @KW4U
Dec 14 641'6 642'6 628'2 633'4 -9'2 642'6 11:25A Chart for @KW4Z Options for @KW4Z
Mar 15 650'0 650'0 636'4 641'0 -10'4 651'4 11:25A Chart for @KW5H Options for @KW5H
May 15 649'6 650'2 640'6 643'0 -12'4 655'4 11:25A Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 620'2 620'2 616'0 620'2 5'2 615'0 11:25A Chart for @MW4U Options for @MW4U
Dec 14 628'0 628'6 617'4 622'2 -7'4 629'6 11:25A Chart for @MW4Z Options for @MW4Z
Mar 15 641'0 643'4 630'2 635'4 -7'4 643'0 11:25A Chart for @MW5H Options for @MW5H
May 15 641'6 646'0 640'0 645'0 -7'6 652'6 11:25A Chart for @MW5K Options for @MW5K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 357'4 360'6 355'2 356'4 -2'4 359'0 11:25A Chart for @C4U Options for @C4U
Dec 14 363'2 367'4 362'2 364'2 -0'4 364'6 11:25A Chart for @C4Z Options for @C4Z
Mar 15 376'0 380'2 375'2 377'0 -0'6 377'6 11:25A Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 14 1090'2 1108'0 1085'0 1103'4 14'0 1089'4 11:25A Chart for @S4U Options for @S4U
Nov 14 1020'6 1037'0 1020'2 1035'4 11'2 1024'2 11:25A Chart for @S4X Options for @S4X
Jan 15 1028'6 1044'4 1028'4 1043'2 10'6 1032'4 11:25A Chart for @S5F Options for @S5F
My Custom Markets
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Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 70oF Feels Like: 70oF
Humid: 44% Dew Pt: 47oF
Barom: 29.86 Wind Dir: SW
Cond: N/A Wind Spd: 14 mph
Sunrise: 6:15 Sunset: 7:30
As reported at WALLA WALLA, WA at 9:00 AM
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Local Forecast
Walla Walla, WA
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Tuesday

Wednesday

Thursday

Friday

Saturday
High: 83°F
Low: 61°F
Precip: 0%
High: 74°F
Low: 54°F
Precip: 0%
High: 80°F
Low: 51°F
Precip: 0%
High: 84°F
Low: 52°F
Precip: 0%
High: 89°F
Low: 55°F
Precip: 0%
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Walla Walla, WA
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Announcements

NWGG will be closed on Monday September 1, 2014 in observance of Labor Day. The main office will be open again on Tuesday morning.  

NWGG Seed Plant will be open on Saturday August 30, 2014 from 8am-2pm, closed Sunday and open Monday Sept. 1, 2014 from 8am-2pm.

Have a safe and happy holiday weekend!!!!



Northwest Grain Growers will be hosting several meetings on Seed Treatments over the next couple of weeks.  There are going to be several new seed treatment options available with our on demand treating system.  However, more options mean more decisions for you the grower.  As many of you saw in the field this harvest, these choices can drastically impact the size of your crop.  We will be talking about diseases such as: rhizoctonia, fusarium, pythium, cephlisporium stripe, dwarf bunt, mosiac virus and also insect control. Some of these new products can specifially target some of these issues.  We will also spend a little time talking about the varieties in our fall winter wheat test plot trials.  

Walla Walla, WA: August 20, 2014 - 12pm @ NWGG office Lunch will be provided.

Date and Time have changed:
Adams, OR: August 20, 2014 - 3pm @ Wildhorse hotel (McKay Room) in partnership with Wilbur-Ellis Adams

Dayton, WA: September 4, 2014 - 8:30am Best Western (Tucannon Room) in partnership with Columbia County Grain Growers.

Please RSVP by calling (509) 525-6510





Click Here for Crops Received by Elevator 2014

  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

9/2/14 - Wheat futures are experiencing a holiday hangover today as futures are currently down 8 cents in Chicago, about 4 cents off the lows of the morning.  Once again there was no escalation in tensions in the Black Sea over the weekend which seems to be our short term price driver.  
 


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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