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 Sunday, July 5, 2015
 
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Local Cash Bids
 
  July August September
Coast 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 07/05/15 04:27AM CDT.
Month Symbols
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Bid Notes

REMINDER PRICES ARE NOW DELIVERED COAST 

Prices Updated Thursday 8:30 am


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 Sept 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%

Barge Fuel Surcharge:
July -2% = -$.01/bu. (negative means you get a credit back)


Country Elevator Fuel Surcharge:
June 20% = $.024/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 15 587'2 596'4 571'0 586'6 -1'6 585'6s 07/02 Chart for @W5N Options for @W5N
Sep 15 588'0 601'0 574'0 588'0 2'0 590'4s 07/02 Chart for @W5U Options for @W5U
Dec 15 596'4 609'0 582'4 596'4 2'4 599'2s 07/02 Chart for @W5Z Options for @W5Z
Mar 16 605'0 617'6 591'0 606'0 3'2 608'0s 07/02 Chart for @W6H Options for @W6H
May 16 611'6 621'2 596'2 610'4 4'4 613'4s 07/02 Chart for @W6K Options for @W6K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 15 578'4 585'0 564'0 573'0 0'0 576'0s 07/02 Chart for @KW5N Options for @KW5N
Sep 15 591'0 603'0 579'2 588'4 -0'6 591'6s 07/02 Chart for @KW5U Options for @KW5U
Dec 15 610'4 622'0 598'2 609'0 -0'2 611'2s 07/02 Chart for @KW5Z Options for @KW5Z
Mar 16 622'0 633'6 610'4 622'0 0'0 623'4s 07/02 Chart for @KW6H Options for @KW6H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Jul 15 607'0 607'0 598'6 599'6 -1'2 606'2s 07/02 Chart for @MW5N Options for @MW5N
Sep 15 619'6 632'0 607'2 621'4 2'0 624'0s 07/02 Chart for @MW5U Options for @MW5U
Dec 15 636'6 647'4 622'6 635'6 2'6 639'6s 07/02 Chart for @MW5Z Options for @MW5Z
Mar 16 647'2 658'6 634'0 648'0 2'6 651'0s 07/02 Chart for @MW6H Options for @MW6H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 15 413'0 422'0 409'6 420'0 6'0 419'6s 07/02 Chart for @C5N Options for @C5N
Sep 15 422'0 430'6 418'4 428'2 6'0 428'4s 07/02 Chart for @C5U Options for @C5U
Dec 15 431'0 439'6 427'6 437'2 5'4 437'2s 07/02 Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 15 1041'6 1055'0 1032'0 1045'4 1'2 1045'2s 07/02 Chart for @S5N Options for @S5N
Aug 15 1040'0 1047'2 1029'0 1036'4 -2'4 1038'2s 07/02 Chart for @S5Q Options for @S5Q
Sep 15 1032'0 1040'6 1022'4 1029'6 -1'2 1031'4s 07/02 Chart for @S5U Options for @S5U
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 82oF Feels Like: 80oF
Humid: 28% Dew Pt: 46oF
Barom: 29.67 Wind Dir: S
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:08 Sunset: 8:47
As reported at WALLA WALLA, WA at 2:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Sunday

Monday

Tuesday

Wednesday

Thursday
High: 98°F
Low: 75°F
Precip: 0%
High: 99°F
Low: 67°F
Precip: 0%
High: 101°F
Low: 73°F
Precip: 0%
High: 101°F
Low: 74°F
Precip: 0%
High: 101°F
Low: 75°F
Precip: 0%
View complete Local Weather

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

GRAIN FUTURES MARKETS WILL BE CLOSED ON FRIDAY JULY 3RD SO THERE WILL BE NO CASH MARKET FRIDAY

OFF COAST PRICING

Changing to Delivered “Coast” Pricing – NWGG has been quoting grain prices to members as a “local” price delivered to Walla Walla. On the settlement we added a freight premium if the grain was delivered to a rail elevator or river terminal.  Starting July 1, 2015 we will start quoting grain prices delivered “coast”. All grain contracts and settlements will be done at “coast” price. 

 

Click here for the Pre Harvest 2015 Newsletter


LIST OF CROPS RECEIVED BY ELEVATOR
CLICK HERE

Crop surveys and crop split information was mailed out over the last month.  If you have not already done so, please return those as soon as possible.

Financial Results for Fiscal Year Ending April 30, 2015 - NWGG had another great financial year with net income before taxes of $4,471,000. Carries in the market, low interest rates, a high volume sales year at the seed plant, and good soft white wheat protein segregation allowed us to make additional margins. Member business income totaled $3,482,000 and a 60% cash distribution of $2,089,000 will be mailed out the first week of July. The 40% reserve balance of $1.39 million will be paid out in the future at the discretion of the board of directors. Allocations by department will be as follows: Marketing will refund $0.11 per bushel sold; Handling and Storage charges will be refunded at a rate of 50%; Seed purchases will be refunded at a rate of $1.52 per bushel. 


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

7/2/15 -  Overnight losses have been pared back a bit this morning in grain futures markets heading into the long weekend.  The futures markets close at 10:00 a.m. today so HRW and DNS cash markets locally will close at that point as well.  The futures markets are closed on Friday so there will be no local cash markets that day.  Have a safe and happy Fourth of July!


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. 6/30/15 Speculators in Chicago have shifted from sell mode to buy mode in wheat futures as prices recently broke through technical resistance.
2. 6/30/15 Hot temperatures in the PNW are taking a toll on spring wheat conditions as the crop moves into a critical development stage.
3.6/30/15 Financial turmoil in Europe may cause the dollar to rise further against other world currencies which would further push U.S. wheat values above our export competitors.
4. 6/30/15 Rain in the Eastern corn belt is damaging corn, soybeans, and SRW.  The USDA planted acreage report showed a 300k acre decrease in corn plantings vs March expectations which lessens the margin of error for maintaining yields high enough to prevent significant tightening of the corn balance sheet.
5. 5/15/15 The USDA FAS office in Beijing cut their estimated Chinese wheat stocks to half of what the USDA is currently using on their World Agricultural Supply and Demand Estimates that come out monthly.  Not sure how that gets reconciled and it probably won't be adjusted into the official numbers but it's something to keep on the radar and keep an eye open for Chinese wheat buying this year.


 

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