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 Thursday, February 11, 2016
 
Home
Northwest Grain Growers
My Account
Admin Login
  

Local Cash Bids
 
  February March April
Delivered Coast SOFT WHITE WHEAT Cash Price
  Chart Chart Chart
BARLEY Cash Price    
  Chart
14% DNS Cash Price
  Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart
Price as of 02/11/16 10:59AM CST.
Month Symbols
Click to view more Cash Bids

Bid Notes

Prices Updated Thursday 8:30 a.m..
BIDS ARE SUBJECT TO CHANGE AT ANY TIME.

REMINDER PRICES ARE NOW DELIVERED COAST 


2015 SWW LOW PROTEIN PREMIUMS (DLVD JULY-AUGUST 2015)
10.5-10.1%   +0.65
10.0-9.6%     +0.95
9.5-9.1%       +1.35
9.0-8.6%       +1.65
8.5-8.1%       +1.95
8.0 and less  +2.25


Club Premium: Under 12% protein +1.00 , 12% and over +0.25


Soft White vs. SRW Futures Basis = $.55/bu.

2016 New Crop SWH: $5.51 @ 10.5% max protein, higher proteins subject to market discount at time of delivery

2016 New Crop SWH 10.5% Protein vs. SRW Futures Basis = $.85/bu. Chicago July 2016 futures

2016 Winter Wheat RP Current Base Price = $5.63/bu. Portland

14% DNS Scales:  +.04/-.08 ea. 1/4 from 14%, 16% max, 12% min

11.5% HRW Scales:  +.03/-.06 ea. 1/2% from 11.5%, 13% max, 9.5% min

Barge Fuel Surcharge:
January -8.3% = -$.027/bu. (negative means you get a credit back)
February -9.4% = $.031/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
January 13% = $.016/bu.
February 10% = $.012/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 16 460'4 465'6 460'0 461'6 0'4 461'2 10:48A Chart for @W6H Options for @W6H
May 16 464'4 470'2 463'6 466'4 1'4 465'0 10:48A Chart for @W6K Options for @W6K
Jul 16 468'2 475'0 468'0 471'6 2'2 469'4 10:48A Chart for @W6N Options for @W6N
Sep 16 478'4 484'0 478'4 480'6 2'6 478'0 10:48A Chart for @W6U Options for @W6U
Dec 16 491'0 498'0 491'0 495'6 3'2 492'4 10:48A Chart for @W6Z Options for @W6Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 16 443'6 451'4 443'6 447'0 2'2 444'6 10:48A Chart for @KW6H Options for @KW6H
May 16 454'2 461'0 454'0 456'6 2'4 454'2 10:48A Chart for @KW6K Options for @KW6K
Jul 16 464'0 471'2 464'0 467'2 2'6 464'4 10:48A Chart for @KW6N Options for @KW6N
Sep 16 478'0 484'2 478'0 481'0 2'2 478'6 10:48A Chart for @KW6U Options for @KW6U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 16 486'0 491'4 485'6 487'6 1'6 486'0 10:48A Chart for @MW6H Options for @MW6H
May 16 489'6 495'4 489'6 491'4 0'6 490'6 10:48A Chart for @MW6K Options for @MW6K
Jul 16 500'0 504'4 499'4 500'0 0'2 499'6 10:48A Chart for @MW6N Options for @MW6N
Sep 16 513'6 515'0 510'0 510'0 -0'4 510'4 10:48A Chart for @MW6U Options for @MW6U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 16 360'0 363'2 358'4 361'6 1'4 360'2 10:48A Chart for @C6H Options for @C6H
May 16 365'0 368'0 363'2 366'0 0'6 365'2 10:48A Chart for @C6K Options for @C6K
Jul 16 369'6 372'6 368'0 371'0 0'6 370'2 10:48A Chart for @C6N Options for @C6N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 16 862'2 873'0 862'0 871'4 9'2 862'2 10:48A Chart for @S6H Options for @S6H
May 16 867'0 877'0 867'0 875'6 8'6 867'0 10:48A Chart for @S6K Options for @S6K
Jul 16 872'4 882'4 872'2 881'0 8'4 872'4 10:48A Chart for @S6N Options for @S6N
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 39oF Feels Like: 35oF
Humid: 93% Dew Pt: 37oF
Barom: 30.29 Wind Dir: S
Cond: N/A Wind Spd: 6 mph
Sunrise: 7:02 Sunset: 5:12
As reported at WALLA WALLA, WA at 8:00 AM
View complete Local Weather

Local Forecast
Walla Walla, WA
Chg Zip:

Thursday

Friday

Saturday

Sunday

Monday
High: 51°F
Low: 41°F
Precip: 22%
High: 54°F
Low: 39°F
Precip: 61%
High: 54°F
Low: 41°F
Precip: 76%
High: 55°F
Low: 42°F
Precip: 80%
High: 62°F
Low: 49°F
Precip: 0%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
View complete Local Weather

WSU AgWeatherNET












Announcements

Merger Election Results
A special meeting of the board of directors was held on Thursday January 7, 2016 to count the ballots cast regarding the proposed merger between NWGG and CCGG. A representative of our accounting firm CliftonLarsenAllen LLP supervised and directed the counting of the ballots.
Votes Cast     666,      47.98% (25% needed for quorum)
Votes "FOR"    654,      98.2% (2/3rds needed to pass)
Votes "AGAINST"       12,      1.8%
The board is pleased to announce that the proposed merger was adopted by members of NWGG. The board wishes to express its appreciation for your support during these merger deliberations and will keep you informed as the process of merging with CCGG gets underway in the next few months and becomes effective May 1, 2016.
The proposed merger was also adopted by members of Columbia County Grain Growers, Inc. by a 90% favorable vote.

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

2/9/16 - USDA monthly supply and demand report out at 9:00 a.m. today, local market sometime after that.  Today's report shouldn't generate too much excitement as there aren't many surprises expected.  Next month is a bigger deal with planting intentions released along with the regular monthly S&D.

U.S. wheat exports were cut by 25 million bushels which increased projected ending stocks by a like amount.  World wheat projected ending stocks were raised by nearly 7 million metric tons mostly on increasing Chinese stocks.  White wheat ending stocks were increased 1 million bushels.  Corn, Soybeans, and wheat stocks all came in slightly higher than expectations but nothing too crazy besides the world wheat number.


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. 2/2/16 Crop conditions in India are showing stress due to disappointing monsoon rains with many expecting they will have to import a fairly large amount of wheat for the first time since 2007.
2. 1/29/16 Russia has decided to leave its current wheat export tax in place with no changes for the time being.
3. 1/13/16 Winter wheat acreage is down 2.9 million acres versus last year mostly in HRW where acres are down 2.5 million and the smallest in 30 years.
4. 12/17/15 The U.S. dollar index is currently at its highest level since 2003.  Most of our major competitors currencies have been decreased against the dollar including: the euro, Canadian and Australian dollars. A strong dollar creates a big price disadvantage for U.S. exports, effectively pricing our grain out of the market. 
5.  1/13/16 The Argentine wheat that is now available to the world market is of poor quality and may not meet the needs of millers in Brazil, the U.S. could provide wheat to Brazil this sping to offset their own quality problems instead of Argentina.
"Extra" -  Trying to find something positive to write about, Russian and Ukranian winter wheat areas remain dry and the Ukraine is looking at a potential 20% cut to wheat production next year if conditions do not improve. A 2016 wheat or corn supply disruption is needed for prices to improve.

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

My LDP
 
Chg Zip: 
County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

Make us your homepage
 
Follow the steps below to make Northwest Grain Growers automatically appear when you launch your browser and when you click the Home button:
  • Open the Edit menu and choose Preferences.
  • Select the Navigator category.
  • Choose Home page under Navigator starts with.
  • In the Home page section, type
    http://www.nwgrgr.com
    in the Location box.
  • Click the OK button.


DTN Ag Headline News
CME Shortens Livestock Trading Hours
Ask the Tax Man by Andy Biebl
ARC Yield Lawsuits Possible
DTN Retail Fertilizer Trends
USDA Reports Summary
Cash Market Moves
USDA Reports Preview
Zillow for Agriculture
Woodbury: Family Business Matters

Headline News
Oregon Occupiers to Surrender Thurs. 02/11 06:19
Russia Proposes March Syria Ceasefire 02/11 06:26
Justice Dept. Sues City of Ferguson 02/11 06:13
Rubio Eyes Brokered Convention 02/11 06:22
Democrats Set Sights on Nevada 02/11 06:25
NKorea Orders Takeover of Factories 02/11 06:16
Kurdish Fighters Capture Syria Air Base02/11 06:21
Stocks Dive Amid Global Selloff 02/11 09:27

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN