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

Phone: 800-994-4290 Saturday, January 28, 2012
 
Home
Northwest Grain Growers
My Account
Admin Login
  

Local Cash Bids
 
  Jan. Feb. Mar. April July/Aug 12
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart Chart
BARLEY Cash Price      
  Chart Chart
14% DNS Cash Price
  Chart Chart Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart Chart Chart
CLUB PREM. Cash Price      
  Chart Chart
Price as of 01/28/12 07:51AM CST.
Month Symbols
Click to view more Cash Bids

Bid Notes

Prices Updated   Friday 2:30pm

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

NWGG buying hours:  Soft White & Barley - 8:30 am to 11:30 am and 2:30pm to 4:30pm

Hard Red Winter & Dark Northern Spring - 8:30am to 11:00 am

2012 RP Base Price = $8.05/bu. Portland

Soft White vs. SRW Basis = $.28

14% DNS Scales:  +.15/-.25 ea. 1/4 from 14%

11.5% HRW Scales:  +.25/-.35 ea. 1/2% from 11.5%

2011 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Please see our Pre-Harvest Newsletter for more information. 
Barge Fuel Surcharge: 
January 30% = $.063/bu. (actual 32%, capped by NWGG at 30%)
February 27% = $.057/bu. (acutal 27%, capped by NWGG at 30%)

Country Elevator Fuel Surcharge:
January 29% = $.035/bu. (actual 29%, capped by NWGG at 30%)
February 28% = $.034/bu. (actual 28%, capped by NWGG at 30%)

NWGG updates SWW and Barley prices twice a day at approximately 8:30 am and 2:30 pm.DNS and HRW cash prices update every ten minutes using the 10 minute delayed futures price.  The red wheat markets close at 11:00 am. 
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Time More
Mar 12 653'2 656'4 645'0 647'2s -6'2 01/27
May 12 665'4 668'6 659'2 661'6s -5'0 01/27
Jul 12 677'0 681'0 673'2 674'6s -5'2 01/27
Sep 12 690'4 695'0 687'6 690'6s -3'6 01/27
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Time More
Mar 12 706'6 709'6 700'4 700'0s -9'0 01/27
May 12 715'0 717'0 708'4 708'6s -7'6 01/27
Jul 12 721'6 724'4 716'4 716'2s -8'2 01/27
Sep 12 732'0 736'0 728'6 728'6s -7'6 01/27
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Time More
Mar 12 827'4 833'4 823'6 826'2s -1'0 01/27
May 12 812'6 818'0 810'4 811'2s -1'6 01/27
Jul 12 802'0 809'0 799'2 800'6s -1'4 01/27
Sep 12 777'0 783'6 774'0 775'2s -4'4 01/27
@C - CORN - CBOT
Month Open High Low Last Change Time More
Mar 12 633'4 642'2 631'0 641'6s 7'2 01/27
May 12 639'0 648'0 636'4 647'4s 7'4 01/27
Jul 12 643'2 651'6 640'4 651'0s 7'2 01/27
@S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Mar 12 1221'6 1225'6 1215'0 1219'0s -3'6 01/27
May 12 1231'0 1235'0 1224'6 1228'4s -3'4 01/27
Jul 12 1239'6 1244'2 1234'4 1238'2s -3'4 01/27
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Time More
Mar 12 79.620 79.630 78.890 78.935 - 0.578 01/27
Jun 12 0.000 0.000 0.000 79.369 - 0.531 01/27
Sep 12 0.000 0.000 0.000 79.769 - 0.531 01/27
My Custom Markets
Symbol Open High Low Last Change Time More

DTN Ag Headline News
An Urban's Rural View
Argentina Crop Outlook - 2
Moving the Needle on No-Till
Newsom on the Market
Farmers Retire Debt
Argentina Crop Outlook - 1
Heaven and Earth for a Farm Bill
GOP Pushes Keystone Project
Study Sounds Alarm on Waterway System

Headline News
Obama to Target College Tuition Costs 01/27 07:12
Economy Likely Had Strong Growth 01/27 07:21
Santorum Going Home Before Tue. Primary01/27 07:05
GOP Race to Focus on Hispanics 01/27 07:28
Women, Children Killed in Syria City 01/27 07:14
Europe Leaders Stress Positive at Talks01/27 07:23
Suicide Bomber Kills 32 at Iraq Funeral01/27 07:08
Dow Slips to First Losing Week of 2012 01/27 17:02


Announcements
Walla Walla Community College & Northwest Grain Growers Present:

Precision in Agriculture

 
A Northwest Grain Growers grant has provided Walla Walla Community College with funding to provide the producers in Southeast Washington with one location over two days to help in their understanding of how precision equipment can be utilized on their farm and benefit their bottom line.
 
Presenters representing products used in the area will be:
Ag Leader, Case IH, John Deere, Raven, Top Con and Trimble.
 
RSVP: Denise Marr, WWCC Foundation Office:  509.527.4275 - Email: denise.marr@wwcc.edu

Click Here for Additional Details




We have added the ability for you to receive our website bids by text message and/or email.  These messages will be automatically generated and sent to you from our webpage at 9am and 3pm Monday through Friday.  You can get started going to the box below for DTN Text Messaging and clicking on the button on the bottom of the window requesting username and password.  You will determine your own user name and password and then just finish filling in the blanks.  Please be aware that if you select the box to receive text messages, you will be subject to text message charges from your cell phone provider.  If you have any questions, please call the main office. 
 

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

Daily Commentary
1/27/12 -  I have been out of the office for the last couple days and don't know what to think about these markets.  We have seen a nice move to the upside that started with the dry weather in South America and then excellent feed wheat demand for soft white wheat over the last couple of weeks.  Technically speaking the markets are nearing some resistance on the charts.  Weather forecasts show rain every 4-5 days in South America and seasonally wheat markets usually have some sort of top around the first week of February.  However, soft white wheat had another big export sales report this week and Portland market feels like it still needs to buy some wheat. 

The Weekly Top Five
These are the 5 biggest issues that NWGG feel are affecting today markets and items to watch for as we progress through the year.     
1.  SWW crop was very big in the Pacific Northwest this year.  USDA is estimating that U.S. sww carryover will be over 100 million bushels, over 33% of a normal crop.  SWW will need to find non-routine demand.  Where will demand come from outside of our routine Asian customers (see #3 below)?  SWW is attracting some export demand to be used as feed wheat in Asia. 
2. The 2011 U.S. corn crop was a major disappointment.  Trendline yields were to much to ask for after late seeding and a dry summer.  Soft wheat is currently priced as feed, so any movement (higher/lower) in the corn market will help determine soft wheat values. 
3.  Russia and the Ukraine have decided to lift their export ban on wheat and have been very aggressive sellers this fall.  When will they run out of wheat?
4.  South American weather has been dry so far.  With corn pollination starting after the first of the year, rain will be needed sooner than later.  World corn stocks are very tight and any reduction in yields should lead to higher feed prices.  However, this is a weather market and if it rains watch out below. 
5.  Outside economic influences may have the last word.  The U.S. dollar, crude oil, gold, and the stock market all seem to play an important role in Ag. prices now more than ever.  Index and hedge funds have placed a lot of money in the Ag. futures as investors have looked for alternative places to put their money.  A better/worse economic outlook will determine whether more/less money is invested in the Ag. sector. 

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 34oF Feels Like: 34oF
Humid: 59% Dew Pt: 21oF
Barom: 30.47 Wind Dir: ENE
Cond: N/A Wind Spd: 3 mph
Sunrise: 7:20 Sunset: 4:51
As reported at WALLA WALLA, WA at 5:00 AM
View complete Local Weather

Local Forecast
Walla Walla, WA
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 44°F
Low: 26°F
Precip: 0%
High: 49°F
Low: 31°F
Precip: 63%
High: 47°F
Low: 38°F
Precip: 80%
High: 47°F
Low: 36°F
Precip: 53%
High: 45°F
Low: 35°F
Precip: 79%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
View complete Local Weather

My LDP
 
Chg Zip: 
County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

Make us your homepage
 
Follow the steps below to make Northwest Grain Growers automatically appear when you launch your browser and when you click the Home button:
  • Open the Edit menu and choose Preferences.
  • Select the Navigator category.
  • Choose Home page under Navigator starts with.
  • In the Home page section, type
    http://www.nwgrgr.com
    in the Location box.
  • Click the OK button.


Chicago Board of Trade
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN