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

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

 

Phone: 800-994-4290 Monday, January 23, 2017
 
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Local Cash Bids
 
  January February July/August 2017
Delivered Coast SWW ORDINARY PROTEIN Cash Price
  Chart Chart Chart
BARLEY Cash Price    
  Chart
14% DNS Cash Price  
  Chart Chart
11.5% HRW Cash Price  
  Chart Chart
Price as of 01/23/17 10:48AM CST.
Month Symbols
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Bid Notes

Prices Updated Monday 8:30 a.m.  

BIDS ARE SUBJECT TO CHANGE AT ANY TIME.
REMINDER PRICES ARE NOW DELIVERED COAST 
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: +.15 max 12.0% protein

2016 SWH vs. SRW Futures Basis = $0.31/bu. SRW March 2017 futures


14% DNS Scales:  +.07/-.14 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.15/-.30 ea. 1/2% from 11.5%, 13% max

2017 Winter Wheat RP Base Price = $5.45/bu. Portland
2017 Spring Wheat RP Base Price = $5.40/bu. Portland

 

Barge Fuel Surcharge:
January -5.5% = -$.018/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
January 15% = $.018/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 17 429'0 432'2 427'4 431'2 3'0 428'2 10:36A Chart for @W7H Options for @W7H
May 17 443'4 446'2 442'0 445'2 2'0 443'2 10:36A Chart for @W7K Options for @W7K
Jul 17 458'2 460'6 456'4 459'6 1'2 458'4 10:36A Chart for @W7N Options for @W7N
Sep 17 473'2 474'6 471'2 474'0 0'6 473'2 10:36A Chart for @W7U Options for @W7U
Dec 17 491'0 492'6 489'0 492'0 0'0 492'0 10:36A Chart for @W7Z Options for @W7Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 17 443'0 445'0 439'0 443'4 0'4 443'0 10:36A Chart for @KW7H Options for @KW7H
May 17 454'2 456'6 451'2 455'4 0'4 455'0 10:36A Chart for @KW7K Options for @KW7K
Jul 17 466'4 468'2 462'4 467'2 0'6 466'4 10:36A Chart for @KW7N Options for @KW7N
Sep 17 479'0 481'6 477'2 481'0 0'6 480'2 10:36A Chart for @KW7U Options for @KW7U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 17 568'0 570'2 567'2 567'6 -0'6 568'4 10:36A Chart for @MW7H Options for @MW7H
May 17 560'4 560'4 558'6 559'6 -0'6 560'4 10:36A Chart for @MW7K Options for @MW7K
Jul 17 560'0 560'0 556'0 557'0 -1'4 558'4 10:36A Chart for @MW7N Options for @MW7N
Sep 17 557'4 558'0 556'0 557'6 -1'0 558'6 10:36A Chart for @MW7U Options for @MW7U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 17 369'4 370'0 367'4 369'4 -0'2 369'6 10:36A Chart for @C7H Options for @C7H
May 17 376'0 376'4 374'2 376'2 0'0 376'2 10:36A Chart for @C7K Options for @C7K
Jul 17 382'6 383'2 381'0 383'0 0'0 383'0 10:36A Chart for @C7N Options for @C7N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 17 1067'4 1069'6 1056'2 1062'4 -5'0 1067'4 10:36A Chart for @S7H Options for @S7H
May 17 1076'0 1077'6 1065'2 1071'0 -5'0 1076'0 10:36A Chart for @S7K Options for @S7K
Jul 17 1082'0 1084'0 1071'4 1076'6 -5'2 1082'0 10:36A Chart for @S7N Options for @S7N
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 27oF Feels Like: 18oF
Humid: 92% Dew Pt: 25oF
Barom: 29.78 Wind Dir: S
Cond: N/A Wind Spd: 9 mph
Sunrise: 7:24 Sunset: 4:45
As reported at WALLA WALLA, WA at 8:00 AM
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Local Forecast
Walla Walla, WA
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Monday

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Friday
High: 33°F
Low: 26°F
Precip: 0%
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High: 35°F
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Precip: 20%
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Low: 23°F
Precip: 20%
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Low: 15°F
Precip: 0%
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Walla Walla, WA
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Announcements



Hearings to Examine Value and Impact of Northwest Hydro Dams

The comment period has been extended until February 7, 2017. If you haven't submitted a comment yet in favor of the dams, or if you would like to submit an additional comment(s) please remember to do so by February 7, 2017. Thanks Chris

In May 2016 ruling, U.S. District Judge Michael Simon requested the agencies to review all reasonable options (including breaching) for achieving the goals of the hydro system, in order to minimize the system’s negative impacts. Federal Agencies will hold a series of public meetings about the federal hydropower dams on the Columbia and Snake rivers. The purpose is to hear from Northwest residents about dam operations, benefits and the dams’ impact on air, water, land and wildlife, including endangered salmon.
 
The dams allow NWGG, thereby our members/owners, access to ship over 95% of our wheat grown to Portland by the most cost effective, environmentally friendly mode of transportation. Dam investments have resulted in record fish returns and a 20 year sustained increase in salmon populations. 2015 adult returns past McNary dam are the highest returns recorded since the dam was completed in 1957. The Pacific Northwest Waterways Association (PNWA) has put together some very valuable information in an effort to support the current operation of the dams.
 
http://www.pnwa.net/factsheets/PNWA-BiOp-handout.pdf
http://www.pnwa.net/factsheets/Snake-River-Dams.pdf
http://www.pnwa.net/factsheets/CSRS.pdf
 
Even if you didn't make it to one of the meetings, you can still submit a formal comment. The easiest way to submit is comments is to visit www.crso.info and click on the submit online comment on the right hand side of the page. You can also click the link below for a comment form, fill it out and you can either email it to comment@crso.info or return by mail to CRSO EIS, P.O. Box 2870, Portland, OR 97208-2870.  NWGG board of directors strongly encourages all of our members to make a positive comment(s) on behalf of your support of the dams. You can submit as many comments as you like until January 17, 2017.  
 
Columbia River System Operations Comment Form
 
Best Regards,
 
Chris Peha
General Manager
 

 



 

Daily Commentary

1/17/17 - The dollar index is down over a point this morning and grain futures are rallying.  Soybeans got the ball rolling last night as flooding rains continue to fall in Argentina.  Wheat futures seem to be up just because everything else is and are building off the positive momentum from last week's winter wheat acreage report.  White wheat basis levels are dropping on the rise in futures as there isn't a lot of export demand for white wheat at the moment and exporters are waiting to see where they can make their next sale before getting aggressive price wise.


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. 1/13/17  The winter wheat planted acreage report came in lower than expected and the 2nd lowest winter wheat plantings in U.S. history.  This lowers the margin for error on production next year.  Most of the cut was in HRW acres in the Plains.
2. 1/13/17  U.S. and world ending stocks of wheat remain burdensome this year which limits the amount of upside price wise even with the lower amount of wheat acres.
3. 1/13/17  Australia's wheat crop was a record this year with 33 million metric tons of production.
4. 1/13/17  White wheat ending stocks were increased by 11 million bushels on the January supply and demand report from the USDA and now are projected at 106 million bushels.
5. 1/13/17 The river remains closed until March 20th which limits the amount of export business that can be done for white wheat for the remainder of the year.




 

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