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 Saturday, November 17, 2018
 
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Local Cash Bids
 
  November December January February July
Delivered Coast SWW 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  
  Chart Chart Chart Chart
CANOLA Cash Price  
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Price as of 11/17/18 11:52PM CST.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 am

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 = $1.10bu. SRW Dec 2018 futures

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

14% DNS Scales:  +.00/-.02 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.03/-.07 ea. 1/2% from 11.5%, 13% max

2019 Winter Wheat RP Base Price = $6.59/bu Portland
2019Spring Wheat RP Base Price = $6.22/bu Portland
*2019 Insurance Price is calculated from 8/15/18-9/14/18

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

2018 Spring Wheat RP Base Price = $6.30/bu. MGE
Barge Fuel Surcharge:
November -0.67% = -$.002/bu. (negative means you get a credit back)

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


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 18 505'2 508'6 502'6 506'6 1'2 506'6s 11/16 Chart for @W8Z Options for @W8Z
Mar 19 513'6 516'6 511'6 515'4 0'4 515'2s 11/16 Chart for @W9H Options for @W9H
May 19 522'4 524'6 520'2 522'6 -0'6 522'2s 11/16 Chart for @W9K Options for @W9K
Jul 19 531'2 533'0 529'0 530'6 -1'0 530'6s 11/16 Chart for @W9N Options for @W9N
Sep 19 542'4 543'6 540'0 541'6 -1'0 541'2s 11/16 Chart for @W9U Options for @W9U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 18 479'0 484'4 479'0 483'2 2'6 482'6s 11/16 Chart for @KW8Z Options for @KW8Z
Mar 19 502'0 508'0 501'4 506'6 3'2 506'4s 11/16 Chart for @KW9H Options for @KW9H
May 19 515'0 519'4 513'6 518'6 2'6 518'2s 11/16 Chart for @KW9K Options for @KW9K
Jul 19 528'0 531'0 525'6 529'4 2'0 529'2s 11/16 Chart for @KW9N Options for @KW9N
Sep 19 541'0 545'6 540'2 544'6 2'4 543'6s 11/16 Chart for @KW9U Options for @KW9U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 18 574'6 576'4 570'4 570'6 -3'4 571'2s 11/16 Chart for @MW8Z Options for @MW8Z
Mar 19 575'0 576'2 572'6 572'6 -1'4 573'4s 11/16 Chart for @MW9H Options for @MW9H
May 19 583'0 583'0 579'4 579'4 -2'4 580'0s 11/16 Chart for @MW9K Options for @MW9K
Jul 19 591'0 591'0 588'2 588'2 -2'2 588'2s 11/16 Chart for @MW9N Options for @MW9N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 18 367'2 368'6 363'2 364'6 -2'6 364'6s 11/16 Chart for @C8Z Options for @C8Z
Mar 19 378'0 379'6 374'0 375'2 -2'4 375'6s 11/16 Chart for @C9H Options for @C9H
May 19 385'4 386'6 381'4 382'6 -2'2 383'4s 11/16 Chart for @C9K Options for @C9K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 19 889'6 894'6 881'6 892'4 3'4 892'2s 11/16 Chart for @S9F Options for @S9F
Mar 19 902'6 908'2 895'2 905'6 3'4 905'6s 11/16 Chart for @S9H Options for @S9H
May 19 916'0 921'0 908'4 919'0 3'2 918'6s 11/16 Chart for @S9K Options for @S9K
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 30oF Feels Like: 25oF
Humid: 85% Dew Pt: 26oF
Barom: 30.37 Wind Dir: ESE
Cond: N/A Wind Spd: 5 mph
Sunrise: 6:58 Sunset: 4:18
As reported at WALLA WALLA, WA at 9:00 PM
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Local Forecast
Walla Walla, WA
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Sunday

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Wednesday

Thursday
High: 42°F
Low: 28°F
Precip: 0%
High: 40°F
Low: 27°F
Precip: 0%
High: 42°F
Low: 24°F
Precip: 0%
High: 45°F
Low: 27°F
Precip: 20%
High: 46°F
Low: 36°F
Precip: 59%
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Walla Walla, WA
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Announcements

UPCOMING MARKETING MEETINGS
Nov 15th: 8:00AM Dayton
Nov 16th: 8:00AM Athena


WALLA WALLA SEED PLANT HOURS:
Mon-Fri 7:00 a.m. - 6:00 p.m.
Saturday 8:00 a.m. - 4:00 p.m.
Sunday Closed


See our 2018 Fall Newsletter containing seed and market information under the Newsletter button on the left hand side of our home page. 





Crops Received at Elevators 2018 (click the link)


Daily Commentary

11/15/18 – Not much for news the past few days.  Export sales will be out tomorrow morning.  The last three weeks have seen strong export sales totals for all classes of wheat and if that continues this week then that should help stop the slide in futures.  There have been a few reports of better than expected yields starting to come in from Australia which indicates that the crop is probably not any worse than the recent estimates of 16-18 mmt and could ultimately end  up towards the higher end of that range.


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: 11/2/18  Australia has started harvest but it is too early to determine whether production will be in line with estimates.  ABARES, their version of the USDA, last estimated wheat production at 19 mmt in early Sept and won't have another estimate until December.  The USDA's last estimate was 18.5 mmt in October and will update that number Nov 8th.  Some private estimates have the crop below 17 mmt.
2: 11/2/18  Russia has not yet indicated that they will limit wheat exports but it has been rumored for the past two months that exports would be capped between 30-35 mmt.  On days where rumors have hit the news there have been spikes in wheat prices which are quickly sold off when Russian officials deny the rumors shortly after.
3: 11/2/18  Canadian wheat areas in BC, Alberta, and Saskatchewan were hit with snow in late September as harvest was starting and some areas still aren't finished with harvest although the weather had improved the last couple of weeks.  Quality problems due to wheat sitting under snow for weeks may reduce milling wheat production and increase feed wheat supplies, the question is how much.
4:  11/2/18  Winter wheat acres are set to increase this year as the drought in the Southern Plains has been relieved by heavy rains.  The latest USDA estimates for total wheat acreage have an increase from 47.8 milion acres this year to 51.0 ma next year, this is combined winter and spring acres.  Eastern Europe and areas of the Black Sea have been very dry since harvest and crop conditions will need to be monitored going into winter.
5: 11/2/18  U.S. wheat export sales have improved the last two weeks but remain below USDA expectations.  The U.S. has sold HRW and SRW to Egypt within the last week indicating our prices are finaly competetive on the world market.  If prices rally too far exports could start to suffer again which would likely put an end to rallies for HRW and DNS, SWW prices will depend on final production in Australia and have become somewhat disconnected from the other markets.

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