850 N 4TH AVE. * WALLA WALLA, WA  99362
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Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Saturday, December 20, 2014
 
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Local Cash Bids
 
  December January February July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price      
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14% DNS Cash Price  
  Chart Chart Chart
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 12/20/14 10:26AM CST.
Month Symbols
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Bid Notes

Prices Updated Friday 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 = $0.85/bu.

New Crop Soft White vs. SRW Sep. Futures Basis = $0.70/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:
December 20% = $.044/bu.

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


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 654'0 654'4 629'2 633'0 -23'0 632'2s 12/19 Chart for @W5H Options for @W5H
May 15 655'0 655'0 632'0 635'4 -21'6 635'0s 12/19 Chart for @W5K Options for @W5K
Jul 15 652'0 652'4 629'0 635'2 -19'6 634'2s 12/19 Chart for @W5N Options for @W5N
Sep 15 648'0 648'4 635'0 641'6 -19'4 641'2s 12/19 Chart for @W5U Options for @W5U
Dec 15 668'0 668'0 643'4 652'2 -19'2 650'6s 12/19 Chart for @W5Z Options for @W5Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 15 681'4 682'4 661'6 666'6 -17'6 666'0s 12/19 Chart for @KW5H Options for @KW5H
May 15 684'6 685'4 666'0 670'6 -17'2 670'2s 12/19 Chart for @KW5K Options for @KW5K
Jul 15 685'0 686'0 666'4 672'6 -16'2 672'0s 12/19 Chart for @KW5N Options for @KW5N
Sep 15 692'4 692'4 674'2 679'4 -15'2 680'0s 12/19 Chart for @KW5U Options for @KW5U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 658'4 660'2 643'4 650'0 -12'6 648'2s 12/19 Chart for @MW5H Options for @MW5H
May 15 662'0 665'6 649'4 656'4 -13'0 654'0s 12/19 Chart for @MW5K Options for @MW5K
Jul 15 671'6 671'6 655'0 662'2 -12'4 660'6s 12/19 Chart for @MW5N Options for @MW5N
Sep 15 675'2 675'2 659'0 664'6 -12'4 664'2s 12/19 Chart for @MW5U Options for @MW5U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 410'6 411'2 405'0 410'6 -0'4 410'4s 12/19 Chart for @C5H Options for @C5H
May 15 419'0 419'6 413'4 419'4 -0'4 419'0s 12/19 Chart for @C5K Options for @C5K
Jul 15 425'6 426'6 420'0 426'4 -0'2 426'0s 12/19 Chart for @C5N Options for @C5N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 15 1034'6 1035'6 1022'4 1030'2 -4'4 1030'4s 12/19 Chart for @S5F Options for @S5F
Mar 15 1043'0 1044'0 1030'2 1038'2 -4'6 1038'4s 12/19 Chart for @S5H Options for @S5H
May 15 1050'0 1051'0 1037'6 1045'6 -4'2 1046'0s 12/19 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: 51oF Feels Like: 51oF
Humid: 61% Dew Pt: 38oF
Barom: 29.83 Wind Dir: S
Cond: N/A Wind Spd: 15 mph
Sunrise: 7:31 Sunset: 4:09
As reported at WALLA WALLA, WA at 8:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 52°F
Low: 38°F
Precip: 80%
High: 54°F
Low: 48°F
Precip: 80%
High: 46°F
Low: 40°F
Precip: 67%
High: 51°F
Low: 42°F
Precip: 30%
High: 44°F
Low: 36°F
Precip: 60%
View complete Local Weather

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

Northwest Grain Growers Holiday Schedule

Wednesday December 24, 2014 - Open 1/2 day Closing 12pm
Thursday December 25, 2014 - Closed
Friday December 26, 2014 - Closed
Wednesday December 31, 2014  - Open 1/2 day Closing at 12pm
Thursday January 1, 2015 - Closed



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

12/19/14 - Markets are down hard this morning after strong gains all week.  Not much change in the news but no new stories to feed the bull.  Just how much impact the Russian export reductions will affect the market, if any, are being debated.  The world certainly isn't short wheat this year, except for soft white, so even with reduced Russian exports there's plenty of wheat to make up the difference.  The break should shut off farmer selling which has been killing the basis on the way up.  Basis should improve again eventually as exporters work through all the grain they've bought on the rally.  


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. 12/16/14 Concern that Russia may take steps to try to keep grain in country to stem rising inflation caused by the collapsing value of the Ruble has generated both short covering and outright buying in wheat futures as any talk about Russia and exports makes people very nervous.  Tough to say what the chances are for an actual export ban at this point and they are going to try to control things with internal pricing for the time being.  If their winter wheat crop looks to be in jeopardy then the concerns will gain more validity.
2. 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.
3.12/3/14 South America is producing a large wheat crop this year however recent rains may have compromised milling quality.  Just how much wheat was affected and to what degree isn't known yet however last year Brazil was the number one customer for U.S. wheat as Argentina had a very small crop.  Quality needs may force them to buy more U.S. wheat again this year than had been estimated previously.

4. 12/3/14 Australia downgraded their projected wheat production to 23.2 million metric tons, the USDA has them at 24 MMT.  Further declines are likely however not to levels that will cause any widespread market concern at this point.
5. 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.

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