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 Monday, July 27, 2015
 
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Local Cash Bids
 
  July August September
Delivered Coast SOFT WHITE WHEAT Cash Price
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BARLEY Cash Price    
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14% DNS Cash Price
  Chart Chart Chart
11.5% HRW Cash Price
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CANOLA Cash Price    
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Price as of 07/27/15 10:24PM CDT.
Month Symbols
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Bid Notes

REMINDER PRICES ARE NOW DELIVERED COAST 

2015 SWW LOW PROTEIN PREMIUMS
10.5% MAX PROTEIN +25 CENTS
9.5% MAX PROTEIN +50 CENTS
CALL THE OFFICE FOR DETAILS


Club Premium: Call for info

Prices Updated Monday 2:30 pm


BIDS ARE SUBJECT TO CHANGE AT ANY TIME

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

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

Soft White vs. SRW Sept Futures Basis = $0.60/bu.


14% DNS Scales:  +.15/-.25 ea. 1/4 from 14%

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

Barge Fuel Surcharge:
July -2% = -$.007/bu. (negative means you get a credit back)


Country Elevator Fuel Surcharge:
July 20% = $.024/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 15 502'4 504'2 502'2 503'0 0'4 502'4 10:13P Chart for @W5U Options for @W5U
Dec 15 511'4 513'4 511'2 511'6 0'0 511'6 10:13P Chart for @W5Z Options for @W5Z
Mar 16 519'6 520'6 519'2 520'0 0'6 519'2 10:13P Chart for @W6H Options for @W6H
May 16 523'4 523'4 523'4 523'4 0'0 523'4 10:13P Chart for @W6K Options for @W6K
Jul 16 526'0 526'4 526'0 526'0 0'4 525'4 10:13P Chart for @W6N Options for @W6N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 15 498'6 500'0 498'2 499'0 -0'2 499'2 10:13P Chart for @KW5U Options for @KW5U
Dec 15 518'0 519'6 518'0 519'6 0'4 519'2 10:13P Chart for @KW5Z Options for @KW5Z
Mar 16 533'4 534'4 532'2 532'2 -1'2 533'4 10:13P Chart for @KW6H Options for @KW6H
May 16 543'0 0'0 543'0 10:13P Chart for @KW6K Options for @KW6K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 15 537'0 538'4 536'6 537'6 0'6 537'0 10:10P Chart for @MW5U Options for @MW5U
Dec 15 555'0 555'6 554'4 555'4 1'0 554'4 10:13P Chart for @MW5Z Options for @MW5Z
Mar 16 571'0 573'0 571'0 573'0 2'0 571'0 10:13P Chart for @MW6H Options for @MW6H
May 16 581'4 582'4 581'4 581'4 0'0 581'4 10:13P Chart for @MW6K Options for @MW6K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 15 373'4 374'6 371'4 372'2 -0'6 373'0 10:13P Chart for @C5U Options for @C5U
Dec 15 383'6 385'2 381'6 382'6 -0'6 383'4 10:12P Chart for @C5Z Options for @C5Z
Mar 16 395'0 395'6 392'4 393'0 -1'2 394'2 10:12P Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 15 963'0 972'4 962'6 971'2 10'0 961'2 10:13P Chart for @S5Q Options for @S5Q
Sep 15 941'4 952'0 941'4 950'4 11'2 939'2 10:13P Chart for @S5U Options for @S5U
Nov 15 935'4 945'4 935'0 944'2 11'0 933'2 10:13P Chart for @S5X Options for @S5X
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 75oF Feels Like: 75oF
Humid: 27% Dew Pt: 39oF
Barom: 30.07 Wind Dir: WSW
Cond: N/A Wind Spd: 9 mph
Sunrise: 5:30 Sunset: 8:28
As reported at WALLA WALLA, WA at 8:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Tuesday

Wednesday

Thursday

Friday

Saturday
High: 86°F
Low: 60°F
Precip: 0%
High: 96°F
Low: 63°F
Precip: 0%
High: 103°F
Low: 69°F
Precip: 0%
High: 104°F
Low: 73°F
Precip: 0%
High: 101°F
Low: 73°F
Precip: 0%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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Announcements

OFF COAST PRICING

Changing to Delivered “Coast” Pricing – NWGG has been quoting grain prices to members as a “local” price delivered to Walla Walla. On the settlement we added a freight premium if the grain was delivered to a rail elevator or river terminal.  Starting July 1, 2015 we will start quoting grain prices delivered “coast”. All grain contracts and settlements will be done at “coast” price.  For a more detailed explanation please click on the newsletter below.

Click here for the Pre Harvest 2015 Newsletter


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

7/27/15 -  Corn prices got hammered today and took wheat prices down with them.  The sell off in corn seemed to be a result of the release of the committment of traders report on Friday afternoon which showed that speculative funds were big buyers of corn through Tuesday of last week even though prices had been declining.  This put some fear into the market because it meant that there were that many more long positions that could be liquidated which would add to the sell off, which played out today.


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. 6/30/15 Speculators in Chicago have shifted from sell mode to buy mode in wheat futures as prices recently broke through technical resistance.
2. 6/30/15 Hot temperatures in the PNW are taking a toll on spring wheat conditions as the crop moves into a critical development stage.
3.6/30/15 Financial turmoil in Europe may cause the dollar to rise further against other world currencies which would further push U.S. wheat values above our export competitors.
4. 6/30/15 Rain in the Eastern corn belt is damaging corn, soybeans, and SRW.  The USDA planted acreage report showed a 300k acre decrease in corn plantings vs March expectations which lessens the margin of error for maintaining yields high enough to prevent significant tightening of the corn balance sheet.
5. 5/15/15 The USDA FAS office in Beijing cut their estimated Chinese wheat stocks to half of what the USDA is currently using on their World Agricultural Supply and Demand Estimates that come out monthly.  Not sure how that gets reconciled and it probably won't be adjusted into the official numbers but it's something to keep on the radar and keep an eye open for Chinese wheat buying this year.


 

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