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 Saturday, May 27, 2017
 
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Local Cash Bids
 
  May June July/August 2017
Delivered Coast SWW ORDINARY PROTEIN Cash Price
  Chart Chart Chart
BARLEY Cash Price  
  Chart Chart
14% DNS Cash Price
  Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart
CANOLA Cash Price
  Chart Chart Chart
Price as of 05/27/17 05:57PM 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 
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 = $0.60/bu. SRW July 2017 futures

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

14% DNS Scales:  +.06/-.12 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:
May -5.3% = -$.018/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
May 17% = $.020/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 17 430'2 439'0 429'2 438'6 7'4 438'2s 05/26 Chart for @W7N Options for @W7N
Sep 17 443'6 452'2 442'4 452'2 7'0 451'2s 05/26 Chart for @W7U Options for @W7U
Dec 17 465'4 474'0 464'4 473'4 7'0 473'4s 05/26 Chart for @W7Z Options for @W7Z
Mar 18 485'4 491'6 483'0 491'2 6'2 491'2s 05/26 Chart for @W8H Options for @W8H
May 18 496'6 503'0 496'2 503'0 5'2 502'6s 05/26 Chart for @W8K Options for @W8K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 17 430'0 439'0 430'0 438'2 6'2 437'4s 05/26 Chart for @KW7N Options for @KW7N
Sep 17 448'0 456'4 448'0 455'4 6'2 455'2s 05/26 Chart for @KW7U Options for @KW7U
Dec 17 474'0 481'0 473'2 480'2 5'6 480'0s 05/26 Chart for @KW7Z Options for @KW7Z
Mar 18 490'2 495'4 490'2 495'0 5'4 495'0s 05/26 Chart for @KW8H Options for @KW8H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Jul 17 562'0 570'0 561'0 569'4 6'4 568'6s 05/26 Chart for @MW7N Options for @MW7N
Sep 17 567'6 575'0 567'0 573'6 5'4 573'2s 05/26 Chart for @MW7U Options for @MW7U
Dec 17 573'2 580'0 573'2 578'4 4'0 577'6s 05/26 Chart for @MW7Z Options for @MW7Z
Mar 18 581'6 585'0 581'6 582'6 2'2 583'0s 05/26 Chart for @MW8H Options for @MW8H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 17 369'2 374'6 368'6 373'6 5'0 374'2s 05/26 Chart for @C7N Options for @C7N
Sep 17 377'0 382'4 376'2 381'2 4'6 381'6s 05/26 Chart for @C7U Options for @C7U
Dec 17 387'4 393'0 386'6 392'0 5'0 392'4s 05/26 Chart for @C7Z Options for @C7Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 17 939'4 941'0 925'2 926'0 -13'0 926'4s 05/26 Chart for @S7N Options for @S7N
Aug 17 941'4 942'6 928'2 929'0 -12'0 929'4s 05/26 Chart for @S7Q Options for @S7Q
Sep 17 939'0 940'0 926'6 927'6 -11'0 927'6s 05/26 Chart for @S7U Options for @S7U
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 84oF Feels Like: 81oF
Humid: 23% Dew Pt: 42oF
Barom: 30.06 Wind Dir: NNE
Cond: N/A Wind Spd: 6 mph
Sunrise: 5:08 Sunset: 8:32
As reported at WALLA WALLA, WA at 3:00 PM
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Local Forecast
Walla Walla, WA
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Saturday

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Wednesday
High: 87°F
Low: 58°F
Precip: 0%
High: 89°F
Low: 59°F
Precip: 0%
High: 91°F
Low: 61°F
Precip: 0%
High: 96°F
Low: 63°F
Precip: 20%
High: 82°F
Low: 62°F
Precip: 20%
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Walla Walla, WA
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Announcements

Please mark your calendars. NWGG pre-harvest meeting and high rainfall plot tour is scheduled for June 21, 2017. In addition to our regular agenda we are also inviting some of our friends from the grain industry this year and will be applying to WSDA for pesticide credits. We will provide more information as it becomes available.  
 

Check out our 2017 Spring Seed newsletter under the newsletter button on the left hand side of your screen.
 

 



 

Daily Commentary

5/25/17 - Wheat futures are rallying ahead of the long weekend most likely on some short covering by speculators and continued wet weather for the corn belt, corn futures are also higher this morning.  The USDA will release corn crop conditions on Tuesday next week for the first time this year which will garner most of the interest next week.  The Dakotas are getting a bit dry which has some people beginning to think about spring wheat yields being affected but it's early.  Have a safe and happy three day weekend!


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. 5/17/17  Kansas winter wheat conditions did not decline this week versus last week which was negative for prices.  At this point the market is looking at the damage caused by the blizzard at the beginning of May as being factored into the market.
2. 5/17/17  Planting progress for corn, soybeans, and spring wheat have caught up to the 5 year average after a slow start due to wet weather.
3.  5/19/17  Speculators in wheat futures covered a significant portion of their short position on the rally after the weekend blizzard and are now short 150k contracts in Chicago vs. a record short of 188k a few weeks ago.  
4. 5/17/17  The dollar has broken support and has traded to levels not seen since prior to the election which is benneficial to commodities.
5. 5/17/17 Upcoming report dates: June 9th USDA monthly supply and demand report, June 30th quarterly stocks and final planted acreage for corn, soybeans, and spring wheat.

 

DTN Ag Headline News
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USDA Weekly Crop Progress
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Budget Plan Lands With a Thud

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