Office Hours: 7:30 am to Noon and 1:00 pm to 4:30 pm
Phone: 800-994-4290 Wednesday, March 10, 2010
 
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Local Cash Bids
 
  March April May 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 03/10/10 10:15PM CST.
Month Symbols
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Bid Notes

Prices Updated Wednesday 2:30pm
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 = $-.16
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: 
March 15% = $.03/bu. (Actual 16% capped by NWGG at 15%)
April 15% = $.03/bu. (Actual 16% capped by NWGG at 15%)
Country Elevator Fuel Surcharge:   
March 15% = $.018/bu (Actual 18% 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 10 471'4 471'4 471'4 470'6s -7'6 01:42P
May 10 483'4 491'0 479'2 481'4s -8'0 01:42P
Jul 10 497'2 497'2 493'0 494'4s -7'6 01:42P
Sep 10 518'0 518'0 508'4 511'0s -7'2 01:42P
KW - WHEAT - KCBT
Month Open High Low Last Change Time More
Mar 10 484'0s -6'2 01:25P
May 10 496'0 500'4 490'0 491'0s -6'4 01:25P
Jul 10 505'0 511'4 501'0 501'6s -6'4 01:25P
Sep 10 516'0 520'4 513'4 513'2s -6'6 01:25P
@MW - WHEAT - SPRING - MGE
Month Open High Low Last Change Time More
Mar 10 499'4s -2'4 10:04P
May 10 506'2 507'0 505'2 505'2 -1'2 10:04P
Jul 10 518'2 518'2 518'2 518'2 0'6 10:04P
Sep 10 529'4s -5'2 10:04P
C - CORN - CBOT
Month Open High Low Last Change Time More
Mar 10 355'0 360'4 353'4 355'4s -3'2 01:42P
May 10 365'0 370'4 362'4 365'4s -3'4 01:42P
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Mar 10 955'0 955'0 948'0 952'0s 10'4 01:42P
May 10 945'0 964'0 942'0 958'0s 10'4 01:42P
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Time More
Mar 10 80.535 80.545 80.465 80.525 0.060 10:04P
Jun 10 80.800 80.825 80.730 80.800 0.055 10:04P
Sep 10 81.065 - 0.125 02:12P
My Custom Markets
Symbol Open High Low Last Change Time More

DTN Ag Headline News
US Corn Prices May Find Support
Seed Trait Battles Raise Eyebrows
DTN Fertilizer Outlook
For Argument's Sake
DTN Retail Fertilizer Trends
Get More Coverage for the Money
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Take the Stress Out of Calving Season
Personalize Crop Insurance Decisions

Headline News
OPEC Raises 2010 Oil Demand Forecast 03/10 08:04
Senate to Pass Jobless Aid, Tax Breaks 03/10 07:20
Poll: Prez More Popular Than Congress 03/10 07:15
Obama Pushes on Health Care 03/10 07:16
Gates: Some Could Leave Afghan. Early 03/10 07:23
Israel Apologizes to Biden 03/10 07:25
Greek Strike Set for Thursday 03/10 07:27
Stocks Rise After Inventories Fall 03/10 15:34

 
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
3/10/2010 - USDA monthly supply and demand report issued this morning.  U.S. wheat carryovers were raised 20 million bushels and now stand over the psychological 1.0 billion bushel level.  World wheat production was raised 1.0 million tons and that was carried all the way through and increased the world carryover by a like amount.  Corn also saw larger domestic and world carryouts.  Soybeans provided the only bright spot with a small tightening of domestic supplies.  Overall the report confirmed the markets attitude the prices should and probably will continue to move lower unless spring weather provides a few crop growing concerns around the world this spring. 

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: 37oF Feels Like: 32oF
Humid: 70% Dew Pt: 28oF
Barom: 30.09 Wind Dir: ESE
Cond: Clear Wind Spd: 6 mph
Sunrise: 6:12 Sunset: 5:53
As reported at WALLA WALLA, WA at 8:00 PM
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Local Forecast
Walla Walla, WA
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Thursday
Friday
Saturday
Sunday
Monday
High: 52oF
Low: 33oF		 High: 61oF
Low: 48oF		 High: 51oF
Low: 36oF		 High: 55oF
Low: 34oF		 High: 61oF
Low: 39oF
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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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