Office Hours: 7:30 am to Noon and 1:00 pm to 4:30 pm
Phone: 800-994-4290 Wednesday, March 17, 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 03/17/10 12:02AM CDT.
Month Symbols
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Bid Notes

Prices Updated Tuesday 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: 
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
May 10 482'0 488'0 482'0 487'0s 7'6 03/16
Jul 10 495'4 501'0 449'4 499'6s 7'6 03/16
Sep 10 513'4 513'4 513'4 515'6s 8'2 03/16
Dec 10 540'2 540'2 540'2 542'6s 7'6 03/16
KW - WHEAT - KCBT
Month Open High Low Last Change Time More
May 10 491'0 497'2 491'0 494'6s 6'4 03/16
Jul 10 503'0 507'0 503'0 505'4s 7'0 03/16
Sep 10 517'2 519'0 517'0 517'2s 7'0 03/16
Dec 10 534'6s 6'4 03/16
@MW - WHEAT - SPRING - MGE
Month Open High Low Last Change Time More
May 10 513'0 514'0 512'2 512'6 -0'6 03/16
Jul 10 524'6 525'0 524'0 524'0 -1'2 03/16
Sep 10 536'0 536'2 536'0 536'2 0'2 03/16
Dec 10 553'0 553'0 552'6 552'6 -1'2 03/16
C - CORN - CBOT
Month Open High Low Last Change Time More
May 10 364'6 368'6 364'6 366'6s 3'4 03/16
Jul 10 376'4 379'4 376'0 377'6s 3'4 03/16
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
May 10 937'0 948'0 936'0 945'0s 15'0 03/16
Jul 10 944'0 952'4 944'0 952'6s 15'2 03/16
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Time More
Jun 10 79.925 79.965 79.835 79.880 - 0.115 03/16
Sep 10 80.305 - 0.495 03/16
Dec 10 80.305 - 0.495 03/16
My Custom Markets
Symbol Open High Low Last Change Time More

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Headline News
Fed Holds Rates at Record Lows 03/16 13:57
Dems Defend House Health Care Strategy 03/16 13:44
Afghan Gov to Send Police to Kandahar 03/16 12:52
Pakistan: Suspected US Missile Kills 9 03/16 08:40
Petraeus Warns of Tough Year Ahead 03/16 10:29
China Not Budging on Iran Sanctions 03/16 07:51
Iraq PM's Bloc Claims Election Fraud 03/16 12:33
Stocks Rise After Fed Decision on Rates03/16 17:37

 
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
3/16/2010 - The U.S. dollar index is down this morning providing a little support to all the commodity markets today.   Wheat, corn and beans are all trading higher to start the morning.  Very little in terms of fresh news and the markets feel like range bound trade until the weather market tells us to break out one way or another eventually 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: 55oF Feels Like: 55oF
Humid: 53% Dew Pt: 38oF
Barom: 30.33 Wind Dir: SSW
Cond: Cloudy Wind Spd: 17 mph
Sunrise: 7:01 Sunset: 7:01
As reported at WALLA WALLA, WA at 9:00 PM
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Local Forecast
Walla Walla, WA
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Wednesday
Thursday
Friday
Saturday
Sunday
High: 58oF
Low: 42oF		 High: 56oF
Low: 36oF		 High: 55oF
Low: 34oF		 High: 58oF
Low: 34oF		 High: 62oF
Low: 36oF
View complete Local Weather

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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