NWGG will be paying a $.10/bu. pass title premium on any sales of Soft White wheat or Club wheat that is in storage. We need pass title to SWW or Club to increase company owned to ship grain out during harvest. The premium will be paid until further notice.
Please bring in a sample to check moisture levels before you start harvesting. Wheat & Barley Max. 12.5% Peas and Garbs Max. 12.0%
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)
7/25/16 - Wheat tried to rally today but it was held back by the row crops as the hot weather in the corn belt looks to have passed and rain is on the way now. Hopefully we'll be able to maintain this momentum for a couple of days.
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.
1.7/22/16 Speculators in Chicago wheat futures have built another near record large short position of 134k net contracts. If something happens that causes them to try to cover their position it should provide a sharp rally in wheat futures. 2. 7/22/16 The French wheat crop is coming in much smaller than expected with a lot of quality issues. Heavy rains in May and June damaged the crop but now the market is getting an idea of just how much damage occurred. U.S. wheat may have opportunities to replace some French wheat business. 3. 7/22/16 Export business for white wheat continues to be good and exporters are short wheat as they've been making sales without purchasing much from the country. Recent rains have delayed harvest in some areas and introduced questions about quality which is keeping wheat off the market in addition to producers' reluctance to sell at these price levels. 4. 7/22/16 The soft white crop looks to be quite a bit larger than advertised and when bushels start to move to market in a significant way the basis should come under some major pressure. 5. 7/22/16 The dollar index broke out above its 200 day moving average this week and further increases in value would continue to reduce our export competitiveness in the global market.