Office Hours: 7:30 am to Noon and 1:00 pm to 4:30 pm
Phone: 800-994-4290 Monday, February 8, 2010
 
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Local Cash Bids
 
  February March April July/Aug 2010
Walla Walla SOFT WHITE WHEAT Cash Price
CLUB PREMIUM Cash Price    
14% DNS Cash Price
11.5% HRW Cash Price
BARLEY Cash Price    
Price as of 02/08/10 11:55PM CST.
Month Symbols
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Bid Notes

Prices Updated Monday 2:30 pm
BIDS ARE SUBJECT TO CHANGE AT ANY TIME
NWGG buying hours:
Soft White & Barley - 8:30 am to 11:30 am and 2:30pm to 4:30pm
Hard Red Winter & Dark Northern Spring - 8:30am to 11:00 am 

2010 CRC Guaranteed Price = $5.55/bu. Portland

Soft White vs. SRW Basis = $.01
14% DNS Scales:  +.25/-.30 ea. 1/4% from 14%
11.5% HRW Scales:  +.15/-.25 ea. 1/2% from 11.5%
Barge and Rail/Truck fuel surcharges have been capped at 15% to our members.  Please see our Pre-Harvest Newsletter for more information. 
Barge Fuel Surcharge: 
February 15% = $.03/bu. (Actual 16% capped by NWGG at 15%)
March 15% = $.03/bu. (Actual 16% capped by NWGG at 15%)
Country Elevator Fuel Surcharge:   
February 15% = $.018/bu (Actual 19% capped by NWGG at 15%)

NWGG updates SWW and Barley prices twice a day at approximately 8:30 am and 2:30 pm. DNS and HRW cash prices update every ten minutes using the 10 minute delayed futures price.  The red wheat markets close at 11:00 am. 
 

Futures
W - WHEAT - CBOT
Month Open High Low Last Change Time More
Mar 10 479'0 487'2 479'0 484'0s 10'6 01:43P
May 10 494'0 499'0 494'0 499'0s 11'0 01:43P
Jul 10 514'4 514'6 510'4 511'4s 11'0 01:43P
Sep 10 527'0 527'4 527'0 527'4s 10'6 01:43P
KW - WHEAT - KCBT
Month Open High Low Last Change Time More
Mar 10 489'4 498'0 489'0 495'4s 11'0 01:26P
May 10 501'0 510'0 501'0 507'4s 11'2 01:26P
Jul 10 517'2 521'0 507'0 518'2s 11'2 01:26P
Sep 10 530'0 530'4 530'0 530'2s 11'2 01:26P
@MW - WHEAT - SPRING - MGE
Month Open High Low Last Change Time More
Mar 10 510'0 512'2 510'0 512'0 0'2 11:32P
May 10 521'0 523'0 521'0 523'0 -0'2 11:32P
Jul 10 534'4s 9'0 11:32P
Sep 10 544'0 544'0 544'0 544'0 -1'2 11:32P
C - CORN - CBOT
Month Open High Low Last Change Time More
Mar 10 356'0 362'0 354'6 356'0s 4'4 01:43P
May 10 366'4 372'6 366'2 367'4s 4'4 01:43P
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Mar 10 925'0 939'4 925'0 929'4s 16'0 01:43P
May 10 937'0 948'0 936'4 940'0s 15'6 01:43P
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Time More
Mar 10 80.530 80.530 80.210 80.255 - 0.185 11:43P
Jun 10 80.845 80.845 80.845 80.845 0.065 11:44P
Sep 10 80.980 - 0.155 02:08P
My Custom Markets
Symbol Open High Low Last Change Time More

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Headline News
Egypt Arrests Muslim Brotherhood Heads 02/08 09:04
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Iran Closer to Nuke Warhead Capacity 02/08 10:47
Militants Targeting Americans Arrested 02/08 11:19
IRA Splinter Group Disarms; No Apology 02/08 09:06
Hamas: 'No Prospects' for Mideast Peace02/08 13:02
Dow closes below 10,000 02/08 16:48

 
Announcements
Spring seed season is right around the corner!!!
Call Mike with any questions you might have or place your seed order today!!!

Daily Commentary
 2/8/2010 - USDA monthly supply and demand data will be released tomorrow morning.  No big surprises are expected this month.  Wheat and corn carryovers should be more than comfortable.  India will be issuing their 2010 wheat forecast sometime this week.  Expectations are that their crop will exceed last years record crop of 80.6 million metric tons.  Acreage is marginally higher than last year and the weather has been favorable.  January wheat stocks were estimated at 23 million metric tons versus government targeted 8.2 MMT level and new crop beginning stocks are estimated at 14 MMT vs. government targeted level of just 4 MMT.  It doesn't look like they will need to import any wheat in the near future and may even export some wheat if space isn't available for new crop stocks.

The Weekly Top Five
NWGG has decided to add a new section to our website called The Top Five where we can list what we consider to be the 5 biggest issues affecting the market any given week.  So without further ado, lets get started.
1.  Will "El Nino" impact the size of the crop in the Pacific Northwest this spring?
2.  The Snake and Columbia river transportation system will be closed from December 2010 until April 2011.  25% to 30% of the soft white wheat crop typically moves down the river during this time frame for export.  How will the river closure impact export sales for 2010?  How will the traditional spreads (basis) between soft white wheat and the other classes of wheat be affected? 
3.  World wheat carryovers have climbed to 10 year highs.  How will world wheat production be affected by spring weather?
4.  Inflation factor for next year.  Dollar strength or weakness?
5.  Price of corn vs. wheat.  Will wheat be fed in 2010?

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 41oF Feels Like: 38oF
Humid: 89% Dew Pt: 38oF
Barom: 30.03 Wind Dir: SE
Cond: Cloudy Wind Spd: 5 mph
Sunrise: 7:04 Sunset: 5:10
As reported at WALLA WALLA, WA at 9:00 PM
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Local Forecast
Walla Walla, WA
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Tuesday
Wednesday
Thursday
Friday
Saturday
High: 48oF
Low: 36oF		 High: 48oF
Low: 36oF		 High: 50oF
Low: 35oF		 High: 51oF
Low: 38oF		 High: 52oF
Low: 37oF
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Local Radar
Walla Walla, WA
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Radar
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My LDP
 
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County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

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