850 N 4TH AVE. * WALLA WALLA, WA  99362
Walla Walla Office (509) 525-6510
Dayton Office (509) 382-2571
St. John Office (509) 648-3316
FAX (509) 529-6050

Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Wednesday, August 22, 2018
 
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Local Cash Bids
 
  August September October November December Jan. 19
Delivered Coast SWW Cash Price
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BARLEY Cash Price        
  Chart Chart
14% DNS Cash Price
  Chart Chart Chart Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart Chart Chart Chart
CANOLA Cash Price        
  Chart Chart
Price as of 08/22/18 02:31AM CDT.
Month Symbols
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Bid Notes

Prices Updated Tuesday 2:30 pm

BIDS ARE SUBJECT TO CHANGE AT ANY TIME.
REMINDER PRICES ARE NOW DELIVERED COAST
RED WHEAT MARKETS ARE MORNING ONLY
Buying Hours: Monday - Thursday 8:30am - 11:00am and 2:30pm - 4:30pm
Friday 8:30am - 11:00am and no afternoon market


Club Wheat Premium: +.00 max 12.0% protein

2018 SWH vs. SRW Futures Basis = $0.84bu. SRW Sept 2018 futures

SWH bids are for Max 10.5% Protein Market Scales Time of Delivery 

14% DNS Scales:  +.02/-.04 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.05/-.10 ea. 1/2% from 11.5%, 13% max

2018 Winter Wheat RP Base Price = $5.92/bu. Portland

2018 Spring Wheat RP Base Price = $6.30/bu. MGE
Barge Fuel Surcharge:
July 0% = -$.00/bu. (negative means you get a credit back)
August -1.2% = -$.004/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
July 20% = $.024/bu.
August 20% = $.024/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 18 526'4 532'6 526'0 529'2 2'0 527'2 02:20A Chart for @W8U Options for @W8U
Dec 18 547'0 552'0 546'4 548'2 0'4 547'6 02:20A Chart for @W8Z Options for @W8Z
Mar 19 570'0 575'2 569'6 572'2 1'0 571'2 02:20A Chart for @W9H Options for @W9H
May 19 581'2 584'0 580'4 583'4 1'6 581'6 02:20A Chart for @W9K Options for @W9K
Jul 19 575'2 577'4 574'4 576'2 1'2 575'0 02:20A Chart for @W9N Options for @W9N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 18 534'4 539'2 532'4 534'4 0'0 534'4 02:20A Chart for @KW8U Options for @KW8U
Dec 18 562'0 566'6 560'2 562'0 -0'2 562'2 02:20A Chart for @KW8Z Options for @KW8Z
Mar 19 586'0 591'2 586'0 587'2 0'0 587'2 02:20A Chart for @KW9H Options for @KW9H
May 19 598'4 602'2 598'4 600'4 1'4 599'0 02:20A Chart for @KW9K Options for @KW9K
Jul 19 594'0 598'0 594'0 594'0 -0'6 594'6 02:20A Chart for @KW9N Options for @KW9N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 18 588'0 589'0 587'0 588'6 0'0 588'6 02:19A Chart for @MW8U Options for @MW8U
Dec 18 605'2 606'6 604'6 605'6 -0'4 606'2 02:20A Chart for @MW8Z Options for @MW8Z
Mar 19 621'0 622'0 620'6 620'6 -0'4 621'2 02:19A Chart for @MW9H Options for @MW9H
May 19 629'0 629'0 629'0 629'0 0'2 628'6 02:19A Chart for @MW9K Options for @MW9K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 18 359'2 359'2 358'0 358'4 -1'2 359'6 02:20A Chart for @C8U Options for @C8U
Dec 18 373'6 373'6 372'4 373'0 -1'2 374'2 02:20A Chart for @C8Z Options for @C8Z
Mar 19 385'4 385'4 384'2 385'0 -1'2 386'2 02:20A Chart for @C9H Options for @C9H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 18 873'4 873'6 869'4 872'0 -2'4 874'4 02:20A Chart for @S8U Options for @S8U
Nov 18 885'0 885'2 881'0 883'2 -2'6 886'0 02:20A Chart for @S8X Options for @S8X
Jan 19 897'4 898'0 893'6 896'0 -2'6 898'6 02:20A Chart for @S9F Options for @S9F
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 68oF Feels Like: 66oF
Humid: 40% Dew Pt: 43oF
Barom: 29.97 Wind Dir: ESE
Cond: N/A Wind Spd: 7 mph
Sunrise: 6:01 Sunset: 7:50
As reported at WALLA WALLA, WA at 12:00 AM
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Local Forecast
Walla Walla, WA
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Wednesday

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Saturday

Sunday
High: 91°F
Low: 62°F
Precip: 0%
High: 90°F
Low: 67°F
Precip: 0%
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Low: 60°F
Precip: 0%
High: 82°F
Low: 56°F
Precip: 0%
High: 77°F
Low: 59°F
Precip: 46%
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Walla Walla, WA
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Announcements

Crops Received at Elevators 2018 (click the link)

 


Daily Commentary

8/20/18 - The wheat futures markets sold off today and white wheat dropped a bit as well.  It seems like the gains from Friday on possible Russian export restrictions down the road were an overreaction just as they were on the Ukranian news from two weeks ago.  We're through the weather markets for the Northern Hemisphere now and global trade has taken the lead for directing the grain markets.  There was a story today that said Russia may actually try to increase grain exports before the end of the calendar year to avoid any potential export restrictions that could be enacted later.  On paper Russia has plenty of wheat to continue exporting wheat as they normally would but domestic inflation may cause them to restict exports in order to keep food prices lower.


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: 8/1/15 Production cuts to European wheat have been driving wheat futures higher recently.  White wheat basis has fallen with the run up in futures as the crop in the PNW is exceeding yield expectations by a healthy margin so far.
2: 8/1/18  Russian wheat production has also been lowered due to drought in the southern regions and prevent plant acres for spring wheat production in the north.  Additionally southern areas that were ready to harvest were hit with heavy rains recently which has caused sprout but it's hard to say exactly how much of the crop was affected at this point.
3: 8/1/18  Australian production expectations have also been lowered below 20 million metric tons due to drought.  The western wheat areas have been getting some rain but the east remains very dry and the forecast is indicating that won't change for awhile.
4: 8/1/18  The corn and soybean crops are both in good condition domestically with yield expectations for corn still currently above the USDA's projection of 173 bushels per acre.
5: 8/1/18  The next USDA supply and demand report is on August 10th.

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