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 Monday, July 28, 2014
 
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Local Cash Bids
 
  July August September January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart 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
CLUB PREMIUM Cash Price      
  Chart Chart
CANOLA Cash Price      
  Chart Chart
Price as of 07/28/14 01:16AM CDT.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 a.m.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

2014 Winter Wheat RP Base Price = $6.72/bu. Portland

2014 Spring Wheat RP Base Price = $7.54/bu. Portland


New Crop Soft White vs. SRW Sept. Futures Basis = $1.60/bu.

14% DNS Scales:  +.08/-.12 ea. 1/4 from 14%

11.5% HRW Scales:  +.00/-.04 ea. 1/2% from 11.5%

2014/15Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Barge Fuel Surcharge: 
July 29% = $.064/bu.
August 27% = $.059/bu.

Country Elevator Fuel Surcharge:
July 29% = $.034/bu
August 29% = $.034/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 14 538'0 543'2 536'4 540'6 2'6 538'0 01:04A Chart for @W4U Options for @W4U
Dec 14 559'4 564'0 557'6 562'2 2'4 559'6 01:04A Chart for @W4Z Options for @W4Z
Mar 15 581'0 585'0 579'6 583'0 1'4 581'4 01:04A Chart for @W5H Options for @W5H
May 15 596'0 599'0 596'0 599'0 2'6 596'2 01:03A Chart for @W5K Options for @W5K
Jul 15 608'0 611'0 608'0 608'0 -0'2 608'2 01:03A Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 14 631'0 636'2 630'4 632'0 0'6 631'2 01:04A Chart for @KW4U Options for @KW4U
Dec 14 645'4 650'0 644'6 646'0 0'6 645'2 01:02A Chart for @KW4Z Options for @KW4Z
Mar 15 653'0 657'0 652'4 657'0 4'0 653'0 01:03A Chart for @KW5H Options for @KW5H
May 15 658'2 661'2 658'2 661'2 3'0 658'2 12:44A Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 14 627'6 630'0 627'4 630'0 2'2 627'6 01:03A Chart for @MW4U Options for @MW4U
Dec 14 635'0 636'0 634'4 635'0 0'0 635'0 01:02A Chart for @MW4Z Options for @MW4Z
Mar 15 646'4 650'0 646'4 650'0 3'4 646'4 01:03A Chart for @MW5H Options for @MW5H
May 15 654'0 654'2 Chart for @MW5K Options for @MW5K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 14 363'0 367'6 363'0 366'6 3'6 363'0 01:04A Chart for @C4U Options for @C4U
Dec 14 372'0 376'6 372'0 375'6 4'0 371'6 01:04A Chart for @C4Z Options for @C4Z
Mar 15 383'2 388'0 383'2 386'2 3'0 383'2 01:04A Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 14 1219'0 1226'0 1217'0 1223'2 11'0 1212'2 01:03A Chart for @S4Q Options for @S4Q
Sep 14 1121'0 1128'6 1120'0 1128'0 14'2 1113'6 01:04A Chart for @S4U Options for @S4U
Nov 14 1091'4 1099'6 1090'2 1098'0 14'4 1083'4 01:04A Chart for @S4X Options for @S4X
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 83oF Feels Like: 83oF
Humid: 28% Dew Pt: 47oF
Barom: 29.98 Wind Dir: S
Cond: N/A Wind Spd: 9 mph
Sunrise: 5:31 Sunset: 8:28
As reported at WALLA WALLA, WA at 10:00 PM
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Local Forecast
Walla Walla, WA
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Monday

Tuesday

Wednesday

Thursday

Friday
High: 102°F
Low: 73°F
Precip: 0%
High: 102°F
Low: 70°F
Precip: 0%
High: 100°F
Low: 72°F
Precip: 0%
High: 99°F
Low: 70°F
Precip: 0%
High: 97°F
Low: 71°F
Precip: 0%
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Local Radar
Walla Walla, WA
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Radar
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DTN Ag Headline News
China Issues New US DDGS Import Rules
Dread Grows as Harvest Nears
Buyer Be Aware
Rediscovering Grain Sorghum
Final 2014 RFS Release 'Imminent'
Dr.Klinefelter: By the Numbers
New Rural Infrastructure Fund
Passionate About Pollination
HRS Wheat Tour -- Day 1

Headline News
Hamas OKs 24-Hour Truce in Gaza War 07/27 10:53
Rebels OK Police to Secure MH17 Site 07/27 11:02
US: Russia Fired Rockets Into Ukraine 07/27 10:57
38 Killed in Libya Clashes 07/27 10:54
Taliban Attack Afghan Police Chief Home07/27 11:03
Judge Strikes Down DC Gun Ban 07/27 10:58
Air Algerie Black Boxes Going to France07/27 10:55
Disappointing Earnings Drag Market Down07/25 16:35


Announcements

Click Here for 2014 Pre-Harvest Newsletter

 

Click Here for Crops Received by Elevator 2014

 

Click here for Athena Ground Pile Update


 


Crop Splits have been mailed out.  Please double check your split information and return to the main office before harvest.  Thank you!


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

7/25/14 - Little bit of a rally this morning but prices are having trouble pushing any higher than where they are at the moment. At the moment this seems like just a correction off of huge selling since basically the start of May but this would be the second week in a row where prices weren't down significantly so maybe there's hope.  Taiwan passed on white wheat offers last night citing high prices.  Basis levels for HRW and DNS have been rising over the last week as rail freight skyrockets in cost similar to what we saw happen last year at this time.  Then Northern Plains spring wheat tour finished and estimated yield at 48.6 bpa, which is 5 bpa above average and 3.7 bpa above last year's massive crop.


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. 7/18/14 Harvest is is rolling now locally and will be picking up around the PNW next week.  Basis levels remain at historically high levels for this time of year, or any time of year for that matter.
2. 7/18/14 Political tensions are ramping up again and speculative funds have built up a fairly large short position in Chicago wheat futures.  Should the conflict in Ukraine escalate again we could see the funds cover their position as they did earlier this year when Russia first invaded Crimea.
3. 7/18/14 World wheat production is ample this year which will limit chances for prices to rise significantly this year.
4. 7/18/14 So far the El Nino has not dried out Australia which remains in good shape so far this year. They are entering a critical growing period however so the next month and a half will need to be watched closely.
5. 5/1/14 Another PNW exporter, Kalama Export Company, sees their labor agreement expire this summer which could result in similar conditions that have affected Columbia Grain and United Grain over the past year.  Additionally Louis Dreyfus has a terminal that has been under repair for the past year that will come back into service this fall and they are also part of the group with Columbia and United that have not reached an agreement with the ILWU. 

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