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 Wednesday, August 24, 2016
 
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Local Cash Bids
 
  August September October November
Delivered Coast SWW ORDINARY PROTEIN Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price      
  Chart
14% DNS Cash Price    
  Chart Chart
11.5% HRW Cash Price    
  Chart Chart
Price as of 08/24/16 05:14AM CDT.
Month Symbols
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Bid Notes

Prices Updated Tuesday 2:30 pm
BIDS ARE SUBJECT TO CHANGE AT ANY TIME.

REMINDER PRICES ARE NOW DELIVERED COAST 



Club Wheat Premium: +.10 max 12.0% protein

2016 SWH vs. SRW Futures Basis = $0.68/bu. SRW December 2016 futures

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

2016 Spring Wheat RP Current Base Price = $5.61/bu. Portland

14% DNS Scales:  +.05/-.10 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.15/-.30 ea. 1/2% from 11.5%, 13% max

Barge Fuel Surcharge:
August -6.1% = - $.02/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
August 15% = $.018/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 16 407'6 409'2 402'4 403'6 -4'0 407'6 05:03A Chart for @W6U Options for @W6U
Dec 16 426'6 428'4 423'2 424'6 -2'6 427'4 05:03A Chart for @W6Z Options for @W6Z
Mar 17 449'4 450'6 445'6 447'2 -2'6 450'0 05:03A Chart for @W7H Options for @W7H
May 17 464'0 464'0 460'0 461'6 -2'6 464'4 05:03A Chart for @W7K Options for @W7K
Jul 17 473'4 473'4 469'2 469'2 -4'2 473'4 05:03A Chart for @W7N Options for @W7N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 16 407'2 408'0 402'4 403'2 -4'0 407'2 05:03A Chart for @KW6U Options for @KW6U
Dec 16 434'0 434'2 428'4 429'2 -4'2 433'4 05:02A Chart for @KW6Z Options for @KW6Z
Mar 17 450'0 450'0 444'6 445'2 -4'4 449'6 05:03A Chart for @KW7H Options for @KW7H
May 17 457'0 457'0 456'2 456'2 -4'0 460'2 05:03A Chart for @KW7K Options for @KW7K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 16 512'4 516'2 512'4 516'2 0'4 515'6 04:59A Chart for @MW6U Options for @MW6U
Dec 16 515'6 515'6 512'6 513'2 -2'4 515'6 04:59A Chart for @MW6Z Options for @MW6Z
Mar 17 525'4 525'4 525'0 525'0 -1'0 526'0 04:59A Chart for @MW7H Options for @MW7H
May 17 537'6 538'0 534'6 535'6 -6'0 535'0s 04:59A Chart for @MW7K Options for @MW7K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 16 328'2 328'4 325'4 326'0 -2'4 328'4 05:03A Chart for @C6U Options for @C6U
Dec 16 337'0 337'4 334'4 335'0 -2'2 337'2 05:03A Chart for @C6Z Options for @C6Z
Mar 17 347'0 347'2 344'4 345'0 -2'0 347'0 05:03A Chart for @C7H Options for @C7H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 16 1033'4 1036'0 1026'0 1029'4 -4'6 1034'2 05:03A Chart for @S6U Options for @S6U
Nov 16 1013'0 1014'0 1003'2 1007'2 -6'2 1013'4 05:03A Chart for @S6X Options for @S6X
Jan 17 1013'0 1014'2 1004'0 1008'0 -6'2 1014'2 05:03A Chart for @S7F Options for @S7F
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 65oF Feels Like: 63oF
Humid: 43% Dew Pt: 42oF
Barom: 30.11 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 6:04 Sunset: 7:45
As reported at WALLA WALLA, WA at 2:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Wednesday

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Friday

Saturday

Sunday
High: 86°F
Low: 58°F
Precip: 0%
High: 88°F
Low: 56°F
Precip: 0%
High: 90°F
Low: 58°F
Precip: 0%
High: 91°F
Low: 65°F
Precip: 0%
High: 86°F
Low: 63°F
Precip: 0%
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Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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Announcements

Paul Neiffer with our accounting firm CliftonLarsonAllen wrote a nice article on LDPs.
Here is the link to his article, if you can't open copy and paste to your web browser:
  
 www.farmcpatoday.com/2016/08/04/be-careful-with-ldps/


Please bring in a sample to check moisture levels before you start harvesting.
Wheat & Barley Max. 12.5%
Peas and Garbs Max. 12.0%


Crops Received at Elevators 2016

Click here for elevator list

2016 Off Coast By Location


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

8/23/16 -  The downdraft continued in futures prices today.  Egypt tendered for Sept shipment and didn't like the prices that were offered so the tender was cancelled.  That wouldn't have been U.S. business anyway so it's not like that caused prices to slide today.  It seems most likely that after breaking last week's uptrend and the 20 day moving average yesterday speculators decided to see how far they could push things and no buying support showed up to keep them in check.  Upper river elevators are having to sell wheat in order to keep the doors open for harvest right now which has pressured basis values for nearby business.


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.     
 
1.8/16/16  Speculators in Chicago wheat futures have built another near record large short position of 130k net contracts.  If something happens that causes them to try to cover their position it should provide a sharp rally in wheat futures.
2. 8/16/16  The French and German wheat crops have suffered large losses as a result of June rainfall and the USDA lowered European production 9 million metric tons and traders believe further cuts will come in subsequent reports.
3. 8/16/16  Russian production was hiked by 7 million metric tons on the latest USDA report which was above market expectations.
4. 8/16/16  Falling number problems in the soft white crop is keeping bushels from coming to market when they normally would during harvest and helping to hold basis steady at a time where it should be erroding.
5. 8/16/16  The dollar index broke has fallen back below the 200 day moving average as inflation looks to have slowed which casts doubt on any further interest rate increases fromt he Fed this year.

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EPA Must Act on Chlorpyrifos

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