850 N 4TH AVE. * WALLA WALLA, WA  99362
Walla Walla Office (509) 525-6510
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FAX (509) 529-6050

Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Tuesday, May 22, 2018
 
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Local Cash Bids
 
  May June July/August NC
Delivered Coast SWW Cash Price
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BARLEY Cash Price
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14% DNS Cash Price
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11.5% HRW Cash Price
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CANOLA Cash Price  
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Price as of 05/22/18 10:19AM CDT.
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Bid Notes

Prices Updated Monday 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 = $0.89/bu. SRW July 2018 futures

New Crop 2018 SWH vs. SRW Futures Basis = $0.62/bu. SRW Sept 2018 futures

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

14% DNS Scales:  +.06/-.10 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 = $6.30/bu. MGE
Barge Fuel Surcharge:
April -1.5% = -$.005/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
April 18% = $.021/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 18 505'4 528'4 502'6 526'2 19'0 507'2 10:09A Chart for @W8N Options for @W8N
Sep 18 523'0 544'2 520'2 542'4 18'0 524'4 10:09A Chart for @W8U Options for @W8U
Dec 18 545'6 565'2 542'4 563'0 16'2 546'6 10:09A Chart for @W8Z Options for @W8Z
Mar 19 564'0 583'0 562'2 582'4 17'0 565'4 10:09A Chart for @W9H Options for @W9H
May 19 572'4 593'0 572'4 591'4 16'2 575'2 10:09A Chart for @W9K Options for @W9K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 18 525'0 549'0 522'4 547'2 20'6 526'4 10:09A Chart for @KW8N Options for @KW8N
Sep 18 545'0 567'6 541'4 566'2 21'0 545'2 10:09A Chart for @KW8U Options for @KW8U
Dec 18 570'4 593'2 567'0 592'2 20'6 571'4 10:09A Chart for @KW8Z Options for @KW8Z
Mar 19 587'2 610'6 586'2 610'4 20'6 589'6 10:09A Chart for @KW9H Options for @KW9H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Jul 18 620'6 638'0 619'4 636'6 15'0 621'6 10:09A Chart for @MW8N Options for @MW8N
Sep 18 627'2 643'0 626'4 642'2 13'6 628'4 10:09A Chart for @MW8U Options for @MW8U
Dec 18 636'0 650'4 635'0 649'6 12'4 637'2 10:09A Chart for @MW8Z Options for @MW8Z
Mar 19 648'2 659'0 648'2 658'0 10'6 647'2 10:09A Chart for @MW9H Options for @MW9H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 18 402'2 407'0 401'0 406'0 3'2 402'6 10:09A Chart for @C8N Options for @C8N
Sep 18 410'4 415'4 409'4 414'4 3'2 411'2 10:09A Chart for @C8U Options for @C8U
Dec 18 420'2 425'0 419'2 424'2 3'2 421'0 10:09A Chart for @C8Z Options for @C8Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 18 1022'0 1036'0 1020'2 1031'4 6'2 1025'2 10:08A Chart for @S8N Options for @S8N
Aug 18 1025'6 1039'2 1024'0 1035'4 6'4 1029'0 10:09A Chart for @S8Q Options for @S8Q
Sep 18 1027'2 1040'0 1025'4 1036'4 6'2 1030'2 10:09A Chart for @S8U Options for @S8U
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 65oF Feels Like: 64oF
Humid: 70% Dew Pt: 55oF
Barom: 29.88 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 5:12 Sunset: 8:26
As reported at WALLA WALLA, WA at 7:00 AM
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Walla Walla, WA
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Tuesday

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High: 86°F
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Precip: 20%
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Precip: 59%
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Daily Commentary

5/18/18 - Big swings last night and this morning in grain futures caused by potential trade agreements being reached with China.  It's tough to say how this will all turn out as this latest news is not really any different than the negative news when the potential tariffs were announced in the first place, nothing is set in stone either way at this point.  Wheat futures are down this morning after being up a bunch on Friday.  The question should probably be why was wheat up so much last week and not why is it down so much this morning.  


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: 5/10/18 The latest USDA supply and demand report was generally bearish for wheat despite the cut to HRW production this year caused by the drought in the Southern Plains.
2: 5/10/18 The USDA did not include a new line item that would show world wheat balances with Chinese stocks removed as had been discussed earlier in the month and will include that information on the June report.  The information is already available in the report in its current state you just have to do the math yourself so it shouldn't be any kind of shock to the system but could generate a bullish headline.  From the data on this month's report world wheat ending stocks less China show 125.7 mmt vs last year at 143.65 mmt, it is also the lowest number since 2013.
3: 5/10/18  The most bullish item on May's supply and demand report was world corn ending stocks which are projected to fall from 194.85 mmt this year to 159.15 mmt for the 2018/19 crop year, the stocks to use ratio falls from 18.2% to 14.6%.  The U.S. stocks situation is also bullish as projected ending stocks drop from 2.18 billion bushels to 1.68 bb next year and the stocks to use ratio drops from 14.8% to 11.5%
4: 5/10/18  Given the projected tightness of corn supplies it puts extra pressure on the U.S. to have a good crop this year and makes final corn acreage a much more important number.  Planting progress has been behind average but made good progress last week and should see another healthy chunk planted this week.  Spring wheat progress is also behind average but not in danger of losing acres yet.
5: 5/10/18  Russian wheat areas have been dry over the last few weeks but had good subsoil moisture to sustain the crop.  The length of the dry spell had begun to generate some concern but now there is rain in the forecast which should keep their crop prospects looking good for the time being.

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View From the Cab

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WSU AgWeatherNET











 
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