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, August 23, 2014
 
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Local Cash Bids
 
  August September October November 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 08/23/14 06:26AM CDT.
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Bid Notes

Prices Updated Friday 8:30am

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 = $6.82/bu. Portland

2015 Estimated RP Base Price = $6.32/bu. Portland


New Crop Soft White vs. SRW Sept. Futures Basis = $1.55/bu.

14% DNS Scales:  +.05/-.10 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.

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


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 14 546'0 562'4 545'4 549'2 5'6 552'0s 08/22 Chart for @W4U Options for @W4U
Dec 14 555'0 570'4 555'0 560'2 6'6 562'2s 08/22 Chart for @W4Z Options for @W4Z
Mar 15 572'4 586'6 572'2 577'2 8'0 580'2s 08/22 Chart for @W5H Options for @W5H
May 15 583'2 595'6 582'6 587'4 7'2 589'2s 08/22 Chart for @W5K Options for @W5K
Jul 15 593'6 603'0 589'4 593'4 6'6 596'0s 08/22 Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 622'0 639'0 621'2 631'4 11'4 633'4s 08/22 Chart for @KW4U Options for @KW4U
Dec 14 632'0 648'4 631'4 642'0 11'6 644'0s 08/22 Chart for @KW4Z Options for @KW4Z
Mar 15 640'2 656'0 639'4 653'0 11'6 652'0s 08/22 Chart for @KW5H Options for @KW5H
May 15 644'6 657'4 644'6 656'2 10'4 654'2s 08/22 Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 615'4 632'0 615'4 627'6 11'0 626'6s 08/22 Chart for @MW4U Options for @MW4U
Dec 14 623'0 640'0 623'0 637'2 11'4 634'4s 08/22 Chart for @MW4Z Options for @MW4Z
Mar 15 636'0 650'2 636'0 646'4 10'4 644'4s 08/22 Chart for @MW5H Options for @MW5H
May 15 650'4 657'4 650'4 654'2 10'4 653'2s 08/22 Chart for @MW5K Options for @MW5K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 361'2 367'0 361'2 365'6 3'2 365'4s 08/22 Chart for @C4U Options for @C4U
Dec 14 368'0 373'6 368'0 372'2 2'4 371'4s 08/22 Chart for @C4Z Options for @C4Z
Mar 15 380'6 386'0 380'4 384'6 2'4 384'2s 08/22 Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 14 1137'0 1170'4 1137'0 1168'0 29'6 1166'0s 08/22 Chart for @S4U Options for @S4U
Nov 14 1038'0 1047'6 1037'6 1043'4 3'6 1042'0s 08/22 Chart for @S4X Options for @S4X
Jan 15 1045'2 1054'2 1045'0 1050'0 3'4 1048'6s 08/22 Chart for @S5F Options for @S5F
My Custom Markets
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Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 59oF Feels Like: 59oF
Humid: 75% Dew Pt: 51oF
Barom: 30.04 Wind Dir: S
Cond: N/A Wind Spd: 6 mph
Sunrise: 6:02 Sunset: 7:48
As reported at WALLA WALLA, WA at 4:00 AM
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Local Forecast
Walla Walla, WA
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Saturday

Sunday

Monday

Tuesday

Wednesday
High: 82°F
Low: 57°F
Precip: 0%
High: 83°F
Low: 58°F
Precip: 20%
High: 85°F
Low: 58°F
Precip: 0%
High: 90°F
Low: 59°F
Precip: 0%
High: 96°F
Low: 62°F
Precip: 0%
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Local Radar
Walla Walla, WA
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Radar
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DTN Ag Headline News
Farming on the Mother Road-7
Beef Checkoff Effort Frayed
Farming on the Mother Road-6
Nebraska Cultivar Provides Promise
View From the Cab
Pick Contingency Plans - 3
Farming on the Mother Road - 5
Pick Contingency Plans - 2
Local Crop Reports

Headline News
Obama Faces Options in Iraq, Syria 08/22 06:25
Yellen Speech May Hint at Rate Timing 08/22 06:36
Ukraine:Russian Convoy Direct Invasion 08/22 06:29
National Guard to Leave Ferguson 08/22 06:26
Dems Reframe Health Care Debate 08/22 06:37
US Ebola Doc Urges Help in Outbreak 08/22 06:30
Perry Testing Prospects in N.Hampshire 08/22 06:27
Stocks Close Lower on Ukraine Tensions 08/22 15:18


Announcements

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

8/22/14 - Apparently this morning there is an unauthorized Russian aid convoy moving into Ukraine which seems to be firing up wheat futures.  That added juice allowed Chicago wheat futures to push above their 50 day moving average for the first time since early in May which is a good technical signal.  As always how the conflict develops over the weekend will determine where we're at come Monday.


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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