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 Saturday, July 22, 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        
  Chart Chart Chart
14% DNS Cash Price  
  Chart Chart Chart Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart Chart Chart Chart
CANOLA Cash Price          
  Chart Chart
Price as of 07/22/17 05:30PM CDT.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 am

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 = $0.47/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/-.30 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 17 506'4 510'2 497'4 501'2 -6'4 499'2s 07/21 Chart for @W7U Options for @W7U
Dec 17 530'4 533'4 520'2 524'2 -6'6 522'4s 07/21 Chart for @W7Z Options for @W7Z
Mar 18 550'4 553'6 540'6 544'6 -6'4 543'0s 07/21 Chart for @W8H Options for @W8H
May 18 560'6 563'2 551'4 554'6 -7'0 553'0s 07/21 Chart for @W8K Options for @W8K
Jul 18 566'0 568'2 556'0 558'2 -6'2 558'0s 07/21 Chart for @W8N Options for @W8N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 17 503'6 507'4 493'4 498'0 -7'6 496'0s 07/21 Chart for @KW7U Options for @KW7U
Dec 17 530'6 533'6 520'2 523'6 -7'4 522'6s 07/21 Chart for @KW7Z Options for @KW7Z
Mar 18 548'0 551'0 537'4 541'0 -7'2 540'0s 07/21 Chart for @KW8H Options for @KW8H
May 18 560'2 562'4 552'0 552'0 -7'4 552'6s 07/21 Chart for @KW8K Options for @KW8K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 17 778'0 779'6 762'4 770'0 -12'2 765'6s 07/21 Chart for @MW7U Options for @MW7U
Dec 17 783'2 784'6 769'2 777'6 -9'4 773'4s 07/21 Chart for @MW7Z Options for @MW7Z
Mar 18 780'4 781'2 767'6 772'6 -9'2 769'6s 07/21 Chart for @MW8H Options for @MW8H
May 18 770'0 770'0 758'2 759'6 -9'2 758'6s 07/21 Chart for @MW8K Options for @MW8K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 17 390'4 391'0 378'4 380'0 -11'2 379'6s 07/21 Chart for @C7U Options for @C7U
Dec 17 404'4 404'6 392'4 393'6 -11'2 393'4s 07/21 Chart for @C7Z Options for @C7Z
Mar 18 415'0 415'4 403'2 404'6 -10'6 404'4s 07/21 Chart for @C8H Options for @C8H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 17 1011'2 1013'2 1001'6 1008'4 -4'2 1009'0s 07/21 Chart for @S7Q Options for @S7Q
Sep 17 1016'0 1018'2 1006'6 1013'6 -4'0 1014'2s 07/21 Chart for @S7U Options for @S7U
Nov 17 1025'0 1027'2 1015'2 1021'6 -4'6 1022'2s 07/21 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: 91oF Feels Like: 87oF
Humid: 18% Dew Pt: 42oF
Barom: 30.04 Wind Dir: N
Cond: N/A Wind Spd: 3 mph
Sunrise: 5:24 Sunset: 8:34
As reported at WALLA WALLA, WA at 3:00 PM
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Local Forecast
Walla Walla, WA
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Saturday

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Wednesday
High: 96°F
Low: 60°F
Precip: 0%
High: 102°F
Low: 70°F
Precip: 0%
High: 98°F
Low: 68°F
Precip: 0%
High: 98°F
Low: 69°F
Precip: 0%
High: 96°F
Low: 69°F
Precip: 20%
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Walla Walla, WA
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Announcements

A UP railroad bridge at the confluence of the Snake and Columbia Rivers in the Tri Cities is stuck in the lowered position which is preventing barge traffic from traveling on the Snake River.  This may increase truck lines at Sheffler and Lyons Ferry as we will be unable to load out wheat until barge traffic resumes.  The estimated repair time frame for the bridge is anywhere from 2-10 days at this point.  We appoligize for any inconvenience this may cause and will work to minimize wait times to the best of our abilities.

 
 

2017 Crops Received by Elevator



 

Daily Commentary

7/21/17 It rained in Iowa last night and is raining there today.  Corn futures are lower and so are wheat futures after rallying early.  I would have thought wheat would be down more than corn today but that's not what is happening so far.  Some logisical issues in the PNW popping up with a Union Pacific railroad bridge stuck in the down position in Tri Cities which has cut off barge traffic to the Snake River.


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. 7/14/17 Weather for the corn belt is now the dominating factor for the market as the drought in the Northern Plains seems to have run its course with spring wheat production already about as bad as it's going to get.
2. 7/14/17 Forecasts for the corn belt look moderate at this point with the western part of the belt getting some unexpectedly heavy rains this week which will help them weather a few hot dry days next week.
3. 7/14/17  The next factor for DNS prices will be Canadian spring wheat production which has begun to feel the effects of the drought in the Northern Plains but isn't as far along development wise and could still benefit from rainfall and moderate temperatures.
4. 7/14/17 Speculators are now long wheat in both Chicago and KC which is a reversal from the past three years.  Unfortunately without a corn production problem there is more than enough winter wheat to go around right now which may see them look to shift back to being short futures which would lower prices.
5. 7/14/17 Australia remains very dry and could be a factor later in the year however their huge crop from last year was bigger than they could ship this year so their carryover stocks will provide a large buffer for a short crop this year.

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