850 N 4TH AVE. * WALLA WALLA, WA  99362
Walla Walla Office (509) 525-6510
Dayton Office (509) 382-2571
FAX (509) 529-6050

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

 

Phone: 800-994-4290 Friday, July 28, 2017
 
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Local Cash Bids
 
  July August September October November December January
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 07/28/17 05:54AM CDT.
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Bid Notes

Prices Updated Thursday 2:30 pm

BIDS ARE SUBJECT TO CHANGE AT ANY TIME.
REMINDER PRICES ARE NOW DELIVERED COAST 
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: +.05 max 12.0% protein

2016 SWH vs. SRW Futures Basis = $0.50/bu. SRW Sept 2017 futures

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

14% DNS Scales:  +.06/-.12 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.15/-.25 ea. 1/2% from 11.5%, 13% max

2017 Winter Wheat RP Base Price = $5.45/bu. Portland
2017 Spring Wheat RP Base Price = $5.40/bu. Portland

 

Barge Fuel Surcharge:
July  -5.7% = -$.019/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
July 17% = $.020/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 17 480'2 482'2 478'0 481'6 2'0 479'6 05:43A Chart for @W7U Options for @W7U
Dec 17 505'4 507'2 503'2 506'6 2'0 504'6 05:43A Chart for @W7Z Options for @W7Z
Mar 18 525'2 527'2 523'4 527'0 1'6 525'2 05:43A Chart for @W8H Options for @W8H
May 18 536'4 539'0 535'4 539'0 2'0 537'0 05:43A Chart for @W8K Options for @W8K
Jul 18 545'0 546'0 543'0 545'4 1'2 544'2 05:43A Chart for @W8N Options for @W8N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 17 481'0 484'2 479'6 484'0 3'0 481'0 05:43A Chart for @KW7U Options for @KW7U
Dec 17 508'0 511'2 506'6 511'2 3'2 508'0 05:43A Chart for @KW7Z Options for @KW7Z
Mar 18 525'6 528'4 524'4 528'4 2'6 525'6 05:43A Chart for @KW8H Options for @KW8H
May 18 533'6 541'0 533'6 539'4 5'2 539'0s 05:43A Chart for @KW8K Options for @KW8K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 17 736'0 739'2 736'0 738'6 2'2 736'4 05:44A Chart for @MW7U Options for @MW7U
Dec 17 746'0 749'2 746'0 748'4 2'0 746'4 05:44A Chart for @MW7Z Options for @MW7Z
Mar 18 743'4 744'2 743'4 744'2 0'0 744'2 05:44A Chart for @MW8H Options for @MW8H
May 18 738'4 739'4 735'0 736'0 4'4 736'4s 05:44A Chart for @MW8K Options for @MW8K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 17 373'6 374'2 373'0 374'0 -0'2 374'2 05:43A Chart for @C7U Options for @C7U
Dec 17 387'0 388'0 386'4 387'4 -0'2 387'6 05:43A Chart for @C7Z Options for @C7Z
Mar 18 398'6 399'4 398'0 399'2 0'0 399'2 05:43A Chart for @C8H Options for @C8H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 17 992'6 996'0 989'6 995'0 0'2 994'6 05:43A Chart for @S7Q Options for @S7Q
Sep 17 998'0 1001'4 995'0 1000'0 0'0 1000'0 05:43A Chart for @S7U Options for @S7U
Nov 17 1005'6 1008'6 1002'2 1007'2 -0'2 1007'4 05:43A Chart for @S7X Options for @S7X
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 71oF Feels Like: 70oF
Humid: 38% Dew Pt: 44oF
Barom: 29.95 Wind Dir: S
Cond: N/A Wind Spd: 8 mph
Sunrise: 5:31 Sunset: 8:27
As reported at WALLA WALLA, WA at 3:00 AM
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Local Forecast
Walla Walla, WA
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Friday

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Sunday

Monday

Tuesday
High: 96°F
Low: 65°F
Precip: 20%
High: 98°F
Low: 66°F
Precip: 0%
High: 98°F
Low: 67°F
Precip: 0%
High: 99°F
Low: 65°F
Precip: 0%
High: 104°F
Low: 67°F
Precip: 0%
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Walla Walla, WA
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Announcements

Thankfully the UP draw bridge across the Columbia River has been fixed and barges are once again running up and down the this critical navigation channel. Tidewater was able to spot a barge at Sheffler around noon on Monday which will drasitically improve our truck lines. Thank you for your patience. Chris

 
 

2017 Crops Received by Elevator



 

Daily Commentary

7/27/17 The spring wheat tour finished up today in North Dakota and they came out with a yield estimate of 38.1 bushels per acre vs 45.7 bpa last year and the ten year average of 46.8 bpa.  That's the lowest estimate since 2008 but may not be the disasterous type of number the market was hoping for.  The real question now becomes what the abandonment rate will be.  


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. 7/27/17  Corn production still seems to be the most important factor for wheat prices going forward this year as the white wheat crop is once again huge and may rival last year's production.  With carryovers already high we will probably need to feed some wheat this year.
2. 7/27/17  Australian wheat production looks to be down significantly this year which may provide some support later in the year if they continue to see dry weather as they move into spring.  There are some estimates putting production around 20 million metric tons versus the 35 mmt record that they produced last year.
3. 7/27/17  The spring wheat tour in North Dakota finishes up today and will publish their findings tonight.  The key may be what they use for an abandonment percentage as the yeilds they've recorded over the last couple of days are not quite as bad as what the market was anticipating.  However conditions in North Dakota are better than South Dakota and eastern Montana which is also why the yield estimate for the tour may be a disappointment to the market.
4. 7/27/17  White wheat exports have been very good and remained stable even through the price spike that lasted a couple of weeks which is encouraging however there's more than enough wheat to go around this year even at the pace of sales so far.
5. 7/27/17  The next USDA supply and demand report is August 10th and will probably be the first report where there's a chance of a meaningful adjustment to corn production expetations as the crop will have gone through pollination at that point.

DTN Ag Headline News
Senate Farm Bill Hearing
DTN Retail Fertilizer Trends
Spring Wheat Tour Day 2
Ag Returns Take Hit
Clovis Statements Raise Concerns
View From the Cab
Cash Market Moves
Spring Wheat Tour Preview
Todd's Take

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