Office Hours: 7:30 am to Noon and 1:00 pm to 4:30 pm
Phone: 800-994-4290 Thursday, March 18, 2010
 
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Local Cash Bids
 
  March April May July/Aug 2010
Walla Walla SOFT WHITE WHEAT Cash Price
CLUB PREMIUM Cash Price      
14% DNS Cash Price
11.5% HRW Cash Price
BARLEY Cash Price    
Price as of 03/18/10 05:15PM CDT.
Month Symbols
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Bid Notes

Prices Updated Thursday 2:30 pm
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 

2010 CRC Guaranteed Price = $5.55/bu. Portland

Soft White vs. SRW Basis = $-.12
14% DNS Scales:  +.25/-.30 ea. 1/4% from 14%
11.5% HRW Scales:  +.15/-.25 ea. 1/2% from 11.5%
Barge and Rail/Truck fuel surcharges have been capped at 15% to our members.  Please see our Pre-Harvest Newsletter for more information. 
Barge Fuel Surcharge: 
March 15% = $.03/bu. (Actual 16% capped by NWGG at 15%)
April 15% = $.03/bu. (Actual 16% capped by NWGG at 15%)
Country Elevator Fuel Surcharge:   
March 15% = $.018/bu (Actual 18% capped by NWGG at 15%)

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
May 10 488'4 492'0 486'0 489'2s -6'6 01:42P
Jul 10 499'0 504'0 499'0 501'6s -7'0 01:42P
Sep 10 516'4 516'4 516'4 517'2s -7'4 01:42P
Dec 10 541'2 544'0 541'2 543'2s -7'6 01:42P
KW - WHEAT - KCBT
Month Open High Low Last Change Time More
May 10 496'0 499'0 491'0 495'0s -7'2 01:28P
Jul 10 506'0 509'0 502'0 505'6s -7'0 01:28P
Sep 10 517'0 520'0 515'0 517'6s -6'2 01:28P
Dec 10 533'4 537'0 532'0 535'2s -6'2 01:28P
@MW - WHEAT - SPRING - MGE
Month Open High Low Last Change Time More
May 10 514'4s -5'6 04:57P
Jul 10 527'4 528'4 522'4 525'6s -5'4 01:34P
Sep 10 538'0 538'6 534'0 537'2s -5'4 01:34P
Dec 10 556'0 556'2 551'0 555'0s -5'2 01:34P
C - CORN - CBOT
Month Open High Low Last Change Time More
May 10 370'0 376'4 369'4 376'0s 2'0 01:42P
Jul 10 381'2 387'4 380'6 387'0s 1'6 01:42P
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
May 10 951'0 962'0 949'0 959'4s 0'4 01:42P
Jul 10 957'4 969'0 957'0 967'4s 0'6 01:42P
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Time More
Jun 10 79.950 80.665 79.945 80.510 0.660 05:00P
Sep 10 80.810 80.875 80.630 80.760 0.630 05:00P
Dec 10 80.735 0.555 05:00P
My Custom Markets
Symbol Open High Low Last Change Time More

DTN Ag Headline News
Sanow's Market Sense
Report: US Ethanol Subsidies Not Needed
Covering the Basis
Record Soybean Crop Expected in Brazil
For Argument's Sake
DTN Retail Fertilizer Trends
View From the Cab
Lanworth: Grain Stocks Reports Key
Letter From the Editor

Headline News
Obama:Jobs Bill to Help Small Business 03/18 10:45
Dems on Track for $940B Health Vote 03/18 13:04
Current Account Deficit $115.6B in 4Q 03/18 10:58
Clinton: Israel Rift a Challenge 03/18 12:58
Greece: Will Ask for IMF Help 03/18 13:09
Clinton, Bush Head to Haiti on Monday 03/18 10:49
Sudan Gov,Darfur Rebels Sign Cease-Fire03/18 09:47
Stocks in Narrow Range After Reports 03/18 12:32

 
Announcements

Spring seed season is right around the corner!!!
Call Mike with any questions you might have or place your seed order today!!!

Daily Commentary
3/18/2010 - Grains don’t seem to have much of a bullish story.  Newswires have carried a lot of recent stories about non-traditional exporting nations beginning to sell feed grain or wheat to world consumers.  Ethanol plants are idling due to poor production margins and export demand for US corn remains tepid.  Wheat weekly export sales offer an improvement over last week’s dismal report but aren’t anything earth shattering.  US weather, for those who want to tout a story this early, looks a bit drier in extended forecasts. 

The Weekly Top Five
NWGG has decided to add a new section to our website called The Top Five where we can list what we consider to be the 5 biggest issues affecting the market any given week.  So without further ado, lets get started.
1.  Will "El Nino" impact the size of the crop in the Pacific Northwest this spring?
2.  The Snake and Columbia river transportation system will be closed from December 2010 until April 2011.  25% to 30% of the soft white wheat crop typically moves down the river during this time frame for export.  How will the river closure impact export sales for 2010?  How will the traditional spreads (basis) between soft white wheat and the other classes of wheat be affected? 
3.  World wheat carryovers have climbed to 10 year highs.  How will world wheat production be affected by spring weather?
4.  Inflation factor for next year.  Dollar strength or weakness?
5.  Price of corn vs. wheat.  Will wheat be fed in 2010?

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 53oF Feels Like: 53oF
Humid: 34% Dew Pt: 25oF
Barom: 30.38 Wind Dir: WNW
Cond: Sunny Wind Spd: 3 mph
Sunrise: 6:59 Sunset: 7:02
As reported at WALLA WALLA, WA at 3:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Thursday
Friday
Saturday
Sunday
Monday
High: 55oF
Low: 33oF		 High: 55oF
Low: 33oF		 High: 64oF
Low: 34oF		 High: 62oF
Low: 42oF		 High: 55oF
Low: 40oF
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Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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My LDP
 
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County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

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