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 Wednesday, May 27, 2015
 
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Local Cash Bids
 
  May June July August
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 05/27/15 10:42PM CDT.
Month Symbols
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Bid Notes

Prices Updated Wednesday 2:30 p.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 July Futures Basis = $1.10/bu.

New Crop Soft White vs. SRW Sep. Futures Basis = $1.05/bu

14% DNS Scales:  +.15/-.25 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:
May 17% = $.037/bu.

Country Elevator Fuel Surcharge:
May 17% = $.02/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 15 489'0 489'0 486'6 487'4 -0'2 487'6 10:30P Chart for @W5N Options for @W5N
Sep 15 494'2 494'2 491'4 492'4 -0'2 492'6 10:30P Chart for @W5U Options for @W5U
Dec 15 507'4 507'4 505'6 506'6 0'0 506'6 10:30P Chart for @W5Z Options for @W5Z
Mar 16 521'2 521'6 521'0 521'6 -0'2 522'0 10:30P Chart for @W6H Options for @W6H
May 16 532'0 531'4 Chart for @W6K Options for @W6K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 15 513'0 513'2 511'2 511'4 -0'4 512'0 10:30P Chart for @KW5N Options for @KW5N
Sep 15 522'0 522'0 519'6 520'0 -0'6 520'6 10:30P Chart for @KW5U Options for @KW5U
Dec 15 538'2 538'2 537'2 537'2 -0'6 538'0 10:30P Chart for @KW5Z Options for @KW5Z
Mar 16 552'0 552'0 550'2 552'0 1'0 551'0 10:30P Chart for @KW6H Options for @KW6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Jul 15 545'6 545'6 545'0 545'0 -0'6 545'6 10:21P Chart for @MW5N Options for @MW5N
Sep 15 556'4 556'4 556'0 556'0 -0'2 556'2 10:21P Chart for @MW5U Options for @MW5U
Dec 15 569'0 569'2 568'4 568'4 0'0 568'4 09:38P Chart for @MW5Z Options for @MW5Z
Mar 16 589'6 589'6 577'6 585'2 -8'2 581'2s 10:30P Chart for @MW6H Options for @MW6H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 15 349'4 350'4 349'2 349'4 0'0 349'4 10:30P Chart for @C5N Options for @C5N
Sep 15 355'6 356'4 355'4 355'6 0'0 355'6 10:30P Chart for @C5U Options for @C5U
Dec 15 366'6 367'4 366'2 366'4 -0'2 366'6 10:30P Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 15 927'0 932'0 925'0 928'2 1'2 927'0 10:30P Chart for @S5N Options for @S5N
Aug 15 916'2 918'6 913'6 915'6 -0'4 916'2 10:30P Chart for @S5Q Options for @S5Q
Sep 15 907'2 909'6 905'4 907'0 -0'6 907'6 10:30P Chart for @S5U Options for @S5U
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 74oF Feels Like: 76oF
Humid: 40% Dew Pt: 48oF
Barom: 29.93 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 5:07 Sunset: 8:32
As reported at WALLA WALLA, WA at 8:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Thursday

Friday

Saturday

Sunday

Monday
High: 84°F
Low: 57°F
Precip: 20%
High: 89°F
Low: 62°F
Precip: 0%
High: 92°F
Low: 68°F
Precip: 0%
High: 89°F
Low: 67°F
Precip: 0%
High: 79°F
Low: 64°F
Precip: 30%
View complete Local Weather

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


2014 Soft White Wheat Low Protein Announcement
2014 SWW protein levels have been an issue all year.  Higher than normal protein levels resulted in premiums being paid for maximum 10.5% SWW and lower.  NWGG was able to seperate about 30% of last years crop under 10.5% protein due to early recognition, having purchased several protein testing machines over the last few years and excellent segregation work by our warehouse management, crew and part-time summer help.  Due to the marketing gains from the 10.5% sww, NWGG board of directors has elected to pay out a low protein premium to all the members who delivered SWW with protein levels below 10.5%.  Those checks were mailed on May 11, 2015 with total premiums being paid out to members of $793,000.  If higher SWW protein levels are a problem in the future it is very likely you will see a market premium/discount protein scale for SWW that will be adjusted on your settlement (just like HRW and DNS). NWGG did not have to take a discount from members for higher protein SWW this year.  

For more information please click on the following link:

2014 SWW Low Protein Letter 

 

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

5/27/15 - The sell off continues today with HRW leading the way down.  If quality problems due to the amount of rain the Plains are the thing that's going to save this market you wouldn't think KC futures would be the weak leg of the complex but it is.  Until bushels are lost during harvest the market is saying that it doesn't care about the rain.  Even with this price slide we're still not competetive export wise which is the main issue going forward, mostly due to the high value of the dollar.


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. 5/15/15 Recent rains and cooler temperatures have increased the potential size of this year's SWW crop which has put some pressure on new crop basis levels.  However prices still remain a bit below where producers are willing to sell cash grain.
2. 4/24/15 Basis levels for old crop soft white wheat have come under pressure as remaining export business for the year is extremely limited unless there's a surprise somewhere.  Japan is pretty much done with old crop however their early new crop buys will be tough as supplies are so tight at the end of this year.
3.5/11/15 Wheat futures pushed through September lows and to the lowest levels in 5 years, speculators have built up a record short position during the period and seem content to add to it unless an event happens that kicks them out.
4. 5/11/15 The Plains states have seen substantial moisture over the past couple of weeks which will likely improve yields estimated by the Kansas wheat tour and also have provided very needed moisture for spring wheat in the Dakotas.
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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