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 Saturday, November 29, 2014
 
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Local Cash Bids
 
  November December January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price      
  Chart
14% DNS Cash Price  
  Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart
CLUB PREMIUM Cash Price      
  Chart
CANOLA Cash Price      
  Chart
Price as of 11/29/14 01:06AM CST.
Month Symbols
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Bid Notes

Prices Updated Wednesday 8:30 a.m.

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 Mar. Futures Basis = $1.50/bu.

14% DNS Scales:  +.20/-.30 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:
November 23% = $.05/bu.
December 20% = $.044/bu.

Country Elevator Fuel Surcharge:
November 27% = $.035/bu.
December 25% = $.032/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 558'0 579'2 556'4 578'4 15'2 577'2s 11/28 Chart for @W4Z Options for @W4Z
Mar 15 558'2 581'0 557'6 578'4 15'6 578'4s 11/28 Chart for @W5H Options for @W5H
May 15 565'2 587'0 564'2 584'2 15'2 584'4s 11/28 Chart for @W5K Options for @W5K
Jul 15 570'0 591'6 569'4 589'0 14'4 589'0s 11/28 Chart for @W5N Options for @W5N
Sep 15 578'0 597'4 577'2 597'4 14'6 596'4s 11/28 Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 618'4 640'0 618'4 636'4 16'0 637'0s 11/28 Chart for @KW4Z Options for @KW4Z
Mar 15 620'6 640'6 620'0 640'4 16'6 640'0s 11/28 Chart for @KW5H Options for @KW5H
May 15 623'6 641'6 620'4 641'2 16'6 641'0s 11/28 Chart for @KW5K Options for @KW5K
Jul 15 620'0 636'4 617'2 636'0 14'4 635'4s 11/28 Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 602'0 621'6 601'6 621'6 22'4 621'0s 11/28 Chart for @MW4Z Options for @MW4Z
Mar 15 600'4 617'0 599'4 615'0 13'4 616'2s 11/28 Chart for @MW5H Options for @MW5H
May 15 608'0 624'2 607'6 624'0 12'6 623'4s 11/28 Chart for @MW5K Options for @MW5K
Jul 15 616'4 631'0 616'0 629'0 11'4 630'2s 11/28 Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 377'0 380'2 370'2 376'0 -2'4 375'6s 11/28 Chart for @C4Z Options for @C4Z
Mar 15 390'0 393'6 382'6 389'2 -2'6 388'6s 11/28 Chart for @C5H Options for @C5H
May 15 398'6 402'0 391'2 397'4 -3'2 397'0s 11/28 Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 15 1041'0 1051'4 1013'0 1014'0 -31'0 1016'0s 11/28 Chart for @S5F Options for @S5F
Mar 15 1046'0 1057'0 1019'0 1020'2 -30'2 1022'4s 11/28 Chart for @S5H Options for @S5H
May 15 1052'6 1062'6 1025'6 1027'0 -29'4 1029'2s 11/28 Chart for @S5K Options for @S5K
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 57oF Feels Like: 57oF
Humid: 51% Dew Pt: 39oF
Barom: 29.38 Wind Dir: SW
Cond: N/A Wind Spd: 21 mph
Sunrise: 7:12 Sunset: 4:10
As reported at WALLA WALLA, WA at 10:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 53°F
Low: 24°F
Precip: 80%
High: 27°F
Low: 17°F
Precip: 0%
High: 31°F
Low: 17°F
Precip: 80%
High: 34°F
Low: 22°F
Precip: 0%
High: 30°F
Low: 22°F
Precip: 20%
View complete Local Weather

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

Northwest Grain Growers will be closed on Thursday November 27 and Friday November 28, 2014 in observence of Thanksgiving.  The grain market will close at 11am on Wednesday and not re-open until Monday morning.  Have a safe and happy holiday weekend!
 

The Seed Plant will be closed on Friday November 28th, on Saturday the 29th there will be on call hours from 8:00 a.m. to 12:00 p.m.
Call Mike at 509-520-7183



Leffel, Otis & Warwick, P.S. will be hosting a 2014 Farm Bill Seminar
*Open to the public
*Overview of New Programs
*Examples Using Calculators
December 4, 2014 9am - Walla Walla Elks Lodge
Questions - Ritzville Office (509) 659-0125


The option to pre-order "common" Soft White Spring wheat ends Nov. 30th, 2014.  If you want to guarantee the availability of soft wheat spring wheat to seed in case of a freeze out, you can pre-order for a $1/bushel non-refundable deposit.  If you end up needing to take the seed wheat in the spring, the $1/bushel deposit will be credited to your account. For more information, please call the main office and talk with Mike or Chris.  

 
  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

11/26/14 - There will be no afternoon market today and we will be closed on Thursday and Friday for Thanksgiving.  Have a safe and happy holiday!

Wheat futures are once again higher in choppy trade this morning, continuing talk about Russian winter wheat conditions being less than optimal seems to be the driver the last two days.


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. 10/22/14 White wheat production was reduced to its lowest level since 1991 on the latest USDA supply and demand report and ending stocks were cut 15 million bushels to 37 million.  Milling quality wheat is in even smaller supply than that though with high proteins this year on top of a sizable amount of rain damaged wheat in Southern Idaho.
2. 11/11/14 Corn production came in a little smaller than projected on the latest USDA suppy and demand report while soybeans got a mild yield boost as expected.   
3.11/11/14 U.S. wheat ending stocks got a 10 million bushel cut on the latest USDA report with some export demand seen switching from HRW to DNS.  
4. 11/11/14 Rail freight prices have continued their decline which has placed pressure on the high basis levels we've been enjoying lately for HRW and DNS.

5. 11/11/14 .Harvest has begun in Australia and the USDA decreased their production estimate by 1 million meteric tons to 24 MMT, however most private estimates put it closer to 21-22 MMT, still plenty but not burdensome.
 

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