Northwest Grain Growers will have a new delivery location for the 2016 harvest season. We have taken over the former Gavilon ground piles in Umatilla County. Midway will be available for harvest deliveries. If you are interested in delivering to this ground pile, please call the office and let us know.
PRE-HARVEST GROWER MEETINGS AND FIELD TOURS
Walla Walla June 23rd 10:00 a.m. Walla Walla Country Fair Grounds RSVP 509-525-6510 Dayton June 24th 10:00 a.m. Best Western in Dayton RSVP 509-382-2571 Lunch will be provided after the meetings. Please RSVP so we can get a head count for lunch.
Field Tours: Higher Rainfall Test Plot June 23rd at 1:30 p.m. Heading East on HWY 12 from Walla Walla, turn right (South) onto Harbert Rd. just past the weigh station. Lower Rainfall Test Plot June 24th at 8:00 a.m. Heading East on HWY 124, turn left (South) onto North Touchet Rd.
Crop surveys and crop splits have both been mailed out in seperate mailings. Please return both of those items as soon as possible. Harvest is fast approaching and those items help us be prepared for your crop deliveries. Thank you.
Buying Hours: SWW 8:30am -11am and 2:30pm to 4:30pm (no markets Friday afternoon)
HRW & DNS 8:30am to 11am (no afternoon markets)
6/23/16 - The market is a little punchy this morning as the Brexit vote is underway in England today. If they leave the EU it could throw financial markets in to some short term turmoil which would theoretically boost the value of the dollar and be negative to commodities. If they vote to remain then it's business as usuall with weather still at the forefront of the grain markets. The corn belt has received needed rains over the last two days. Wheat export sales this week were decent at 17 million bushels overall with 4.2 million bushels being white wheat.
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. 6/13/16 The USDA increased projected HRW production by 75 million bushels on this month's supply and demand report which is a huge jump for one month. 2. 6/13/16 Areas of Europe have seen flooding rains recently which will probably cause a downgrade of wheat quality in those areas. 3. 6/13/16 Wheat production in our export competitors still looks high this year. 4. 6/13/16 The USDA stocks and acreage report on June 30th will be hotly traded as the market looks for an indication on how many acres of corn switched to soybeans given the run in soybean prices since March. 5. 6/13/16 Spring wheat acreage should be cut on the report at the end of the month as producers switch to alternative crops due to low wheat prices.