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.
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?