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, October 22, 2014
 
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Local Cash Bids
 
  October November December January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart Chart
BARLEY Cash Price        
  Chart
14% DNS Cash Price  
  Chart Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart Chart
CLUB PREMIUM Cash Price        
  Chart
CANOLA Cash Price        
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Price as of 10/22/14 06:03PM CDT.
Month Symbols
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Bid Notes

Prices Updated Wednesday 2:30 p.m.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

2015 Winter Wheat RP Base Price = $6.20/bu. Portland

2015 Spring Wheat RP Base Price = $6.55/bu. Portland

Soft White vs. SRW Dec. Futures Basis = $1.60/bu.

14% DNS Scales:  +.20/-.30 ea. 1/4 from 14%

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

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

Barge Fuel Surcharge:
October 30% = $.066/bu.
November 23% = $.05/bu.

Country Elevator Fuel Surcharge:
October 29% = $.035/bu.
November 27% = $.032/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 521'0 528'6 516'0 522'4 3'0 522'2s 05:30P Chart for @W4Z Options for @W4Z
Mar 15 533'4 542'2 530'0 536'4 3'0 536'0s 05:30P Chart for @W5H Options for @W5H
May 15 541'4 549'2 537'4 544'0 3'2 543'6s 05:08P Chart for @W5K Options for @W5K
Jul 15 548'0 556'0 544'4 550'2 2'4 549'6s 04:45P Chart for @W5N Options for @W5N
Sep 15 558'0 565'4 554'6 559'2 2'6 559'4s 02:37P Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 603'0 612'0 599'2 605'6 3'0 605'2s 05:24P Chart for @KW4Z Options for @KW4Z
Mar 15 603'6 612'6 600'6 606'6 2'4 606'2s 05:05P Chart for @KW5H Options for @KW5H
May 15 601'2 610'4 600'0 605'0 2'4 605'0s 03:51P Chart for @KW5K Options for @KW5K
Jul 15 596'6 603'6 592'2 597'0 1'2 597'0s 01:30P Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 570'0 577'6 566'2 569'4 -0'2 568'6s 05:45P Chart for @MW4Z Options for @MW4Z
Mar 15 580'0 587'0 576'0 578'6 0'0 578'2s 04:49P Chart for @MW5H Options for @MW5H
May 15 586'6 594'0 583'6 586'2 -0'4 585'4s 02:30P Chart for @MW5K Options for @MW5K
Jul 15 596'4 601'4 591'4 594'2 -0'2 593'4s 03:51P Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 355'4 361'0 352'2 353'0 -3'0 353'0s 05:33P Chart for @C4Z Options for @C4Z
Mar 15 369'2 374'4 366'0 366'4 -2'4 367'0s 05:19P Chart for @C5H Options for @C5H
May 15 378'4 383'2 374'6 375'6 -2'4 376'0s 04:58P Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 961'2 982'4 960'2 961'2 -1'4 962'6s 05:32P Chart for @S4X Options for @S4X
Jan 15 968'0 990'0 967'0 968'6 -2'0 969'6s 05:19P Chart for @S5F Options for @S5F
Mar 15 976'0 996'6 974'4 975'2 -2'0 977'0s 04:58P Chart for @S5H Options for @S5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 73oF Feels Like: 74oF
Humid: 28% Dew Pt: 38oF
Barom: 29.77 Wind Dir: S
Cond: N/A Wind Spd: 17 mph
Sunrise: 7:20 Sunset: 5:55
As reported at WALLA WALLA, WA at 3:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Wednesday

Thursday

Friday

Saturday

Sunday
High: 71°F
Low: 50°F
Precip: 80%
High: 66°F
Low: 55°F
Precip: 80%
High: 63°F
Low: 49°F
Precip: 80%
High: 63°F
Low: 48°F
Precip: 46%
High: 56°F
Low: 46°F
Precip: 60%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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Announcements

Click on the links below for fall plant news and prices:

Click Here for 2014 Fall Seed Newsletter

Click Here for 2014 NWGG Variety Trial Data

Click Here for 2014 Fall Seed Prices

 

  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

10/22/14 -  Spec. funds continue their short covering pushing futures back above the 50 day moving average for the first time since early August.  SRW futures are now $.50 higher for the month of October.  SWW has also seen a nice post harvest rally as well.  Export business has been pretty routine, nothing too exciting but just enough to keep a solid bid under the market.  


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. 10/3/14 The Small Grains Summary which came out with the Quarterly Grian Stocks report indicated soft white production this year was down 45 million bushels versus last year and over 20 million bushels smaller than prior estimates.  Combine that with a still unknown amount of rain damaged grain in southern Idaho and you have a very small crop of millable wheat.  So far the market hasn't reacted to this news however it indicates that things could get interesting going forward.
2. 9/24/14 U.S. row crop harvest getting underway across the great plains.  Early yield indications have been huge. As far as USDA production estimates are concerned, "big crops get bigger".  Next USDA monthly supply and demand report  will be released on October 10, 2014.   
3. 9/12/14 USDA says the world grew the biggest wheat crop on record this summer and is on pace to grow the biggest corn crop on record as well.  Big crops will pressure prices and keep a lid on any rally attempt. When and where will the next production problem take place.    
4. 8/31/14 Heavy rains in Southern Idaho have severely impacted crop quality in wheat and barley that wasn't yet harvested. Stocks of good quality sww will be extremely tight this year. 

5. 8/13/14 El Nino has not dried out Australia as predicted earlier this year.  Cold weather has damaged a small portion of their crop, but the next 60 days is the critical weather period in determining their overall crop size and should be watched closely. 
 

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