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 Sunday, July 22, 2018
 
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Local Cash Bids
 
  July August September Jan. 19
Delivered Coast SWW Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price  
  Chart Chart Chart
14% DNS Cash Price
  Chart Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart Chart
CANOLA Cash Price  
  Chart Chart Chart
Price as of 07/22/18 05:11PM CDT.
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

Old Crop 2018 SWH vs. SRW Futures Basis = $0.74/bu. SRW Sept 2018 futures

New Crop 2018 SWH vs. SRW Futures Basis = $0.74/bu. SRW Sept 2018 futures

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

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

11.5% HRW Scales:  +.10/-.20 ea. 1/2% from 11.5%, 13% max

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

2018 Spring Wheat RP Base Price = $6.30/bu. MGE
Barge Fuel Surcharge:
July 0% = -$.00/bu. (negative means you get a credit back)

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


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 18 503'4 519'6 503'0 515'4 11'6 516'0s 05:00P Chart for @W8U Options for @W8U
Dec 18 520'4 536'2 519'6 532'4 12'4 533'0s 05:00P Chart for @W8Z Options for @W8Z
Mar 19 535'2 551'6 535'2 548'4 12'6 548'6s 04:01P Chart for @W9H Options for @W9H
May 19 545'2 560'4 545'2 557'4 11'6 557'4s 02:00P Chart for @W9K Options for @W9K
Jul 19 551'6 563'6 549'6 560'0 10'6 560'4s 02:00P Chart for @W9N Options for @W9N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 18 497'0 513'0 496'4 508'0 12'0 508'4s 04:55P Chart for @KW8U Options for @KW8U
Dec 18 521'4 538'0 521'4 533'0 12'2 533'6s 04:06P Chart for @KW8Z Options for @KW8Z
Mar 19 540'2 555'2 540'2 550'6 11'6 551'4s 02:00P Chart for @KW9H Options for @KW9H
May 19 550'4 564'2 550'4 561'0 11'2 560'6s 02:00P Chart for @KW9K Options for @KW9K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 18 536'6 556'0 536'2 553'4 18'2 555'0s 04:53P Chart for @MW8U Options for @MW8U
Dec 18 555'2 573'0 554'2 571'2 16'4 571'2s 04:40P Chart for @MW8Z Options for @MW8Z
Mar 19 572'4 589'0 572'2 587'2 16'0 588'0s 04:41P Chart for @MW9H Options for @MW9H
May 19 585'4 597'6 585'4 597'6 15'4 598'0s 02:00P Chart for @MW9K Options for @MW9K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 18 351'2 355'6 349'6 354'4 4'0 355'2s 04:57P Chart for @C8U Options for @C8U
Dec 18 365'2 369'6 363'6 368'4 4'0 369'0s 04:56P Chart for @C8Z Options for @C8Z
Mar 19 376'4 380'4 374'6 379'4 3'4 380'0s 04:40P Chart for @C9H Options for @C9H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 18 846'0 853'2 841'2 850'2 3'6 849'6s 04:56P Chart for @S8Q Options for @S8Q
Sep 18 852'2 859'0 847'2 856'0 3'2 855'2s 04:55P Chart for @S8U Options for @S8U
Nov 18 861'4 868'6 856'4 866'0 3'2 864'6s 04:56P Chart for @S8X Options for @S8X
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 89oF Feels Like: 85oF
Humid: 15% Dew Pt: 36oF
Barom: 30.12 Wind Dir: NE
Cond: N/A Wind Spd: 7 mph
Sunrise: 5:24 Sunset: 8:34
As reported at WALLA WALLA, WA at 2:00 PM
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Local Forecast
Walla Walla, WA
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Sunday

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Thursday
High: 94°F
Low: 55°F
Precip: 0%
High: 99°F
Low: 63°F
Precip: 0%
High: 99°F
Low: 68°F
Precip: 0%
High: 100°F
Low: 69°F
Precip: 0%
High: 100°F
Low: 68°F
Precip: 0%
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Walla Walla, WA
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Announcements

Crops Recived at Elevators 2018 (click the link)


 

 


A reminder from your local FSA offices:
“The Farm Service Agency (FSA) deadline for 2018 acreage reporting for spring seeded crops  is Monday, July 16, 2018. Please call your local FSA office to make an appointment.  Any appointments made after the July 16, 2018 deadline will be subject to a late file fee per farm number.”
`
Kelley Betts
County Executive Director
Email: kelley.betts@wa.usda.gov
 

Daily Commentary

7/20/18 - Wheat futures are rallying today but white wheat is stuck in neutral.  Harvest pressure is starting to pick up and seemingly keeping prices in check.  The size of this white wheat crop will take quite awhile to chew through.  Eventually after harvest if Australia comes in well below average again and these European and Russian production cuts come to fruition then perhaps the U.S. can start to regain some export share and improve things moving forward.


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: 7/5/18  June saw grain futures prices fall on generally good conditions for row crops as well as concerns about global trade.  White wheat prices remained stable despite moves in Chicago futures as good export demand has exporters with sales that still need to be filled at the end of July.
2: 7/5/18  The planted acreage report at the end of June showed a larger than expected increase in spring wheat acres with corn and soybeans seeing increases that were closer to expectations.
3: 7/5/18  European wheat futures have been rallying as France cut their expected production by 4 million metric tons last week and Germany has projected production this year down 15% from last year.  Russian spring wheat acreage was cut due to cold and wet conditions at seeding and winter wheat production will be down from last year's record based on drier conditions this spring.
4: 7/5/18 Australian wheat areas started the year very dry but western areas have seen rains recently.  If better rains don't materialize this could be their second year in a row of below average production which would help white wheat prices remain firm going forward.
5: 7/5/18  The next USDA supply and demand report is on July 12th and world wheat production should be revised lower, just how large the reduction is will help determine price direction from here.

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