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, September 30, 2016
 
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Local Cash Bids
 
  September October November
Delivered Coast SWW ORDINARY PROTEIN Cash Price
  Chart Chart Chart
BARLEY Cash Price    
  Chart
14% DNS Cash Price    
  Chart
11.5% HRW Cash Price    
  Chart
Price as of 09/30/16 08:34PM CDT.
Month Symbols
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Bid Notes

Prices Updated Friday 10:00 am
BIDS ARE SUBJECT TO CHANGE AT ANY TIME.

REMINDER PRICES ARE NOW DELIVERED COAST 


Club Wheat Premium: +.15 max 12.0% protein

2016 SWH vs. SRW Futures Basis = $0.70/bu. SRW December 2016 futures


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:
September -7.2% = - $.024/bu. (negative means you get a credit back)
October -6.3% = - $.021/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
September 14% = $.017/bu.
Ocotober 16% = $.019/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 16 398'4 403'6 390'0 402'0 3'0 402'0s 03:16P Chart for @W6Z Options for @W6Z
Mar 17 421'0 425'6 413'2 424'4 3'0 424'6s 01:30P Chart for @W7H Options for @W7H
May 17 435'0 438'4 427'6 437'2 2'4 438'0s 01:20P Chart for @W7K Options for @W7K
Jul 17 446'0 448'4 437'2 447'0 1'2 447'4s 03:57P Chart for @W7N Options for @W7N
Sep 17 457'2 460'4 452'6 460'4 1'6 461'6s 01:30P Chart for @W7U Options for @W7U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 16 417'0 418'4 408'4 415'2 -1'6 415'4s 03:31P Chart for @KW6Z Options for @KW6Z
Mar 17 433'2 434'4 425'0 432'2 -1'6 432'0s 01:30P Chart for @KW7H Options for @KW7H
May 17 443'2 444'0 435'2 442'6 -1'4 442'4s 01:20P Chart for @KW7K Options for @KW7K
Jul 17 450'6 453'6 445'4 452'0 -1'4 452'4s 01:30P Chart for @KW7N Options for @KW7N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 16 508'2 521'2 507'6 512'4 4'6 514'4s 02:56P Chart for @MW6Z Options for @MW6Z
Mar 17 515'0 527'6 515'0 519'0 3'6 521'0s 03:33P Chart for @MW7H Options for @MW7H
May 17 524'0 533'6 524'0 526'4 3'0 527'6s 01:31P Chart for @MW7K Options for @MW7K
Jul 17 533'4 536'2 533'2 533'2 2'4 535'4s 01:31P Chart for @MW7N Options for @MW7N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 16 329'0 337'4 325'0 336'2 7'4 336'6s 03:58P Chart for @C6Z Options for @C6Z
Mar 17 339'0 347'2 335'0 346'2 7'4 346'4s 03:55P Chart for @C7H Options for @C7H
May 17 346'0 354'2 342'0 353'0 7'4 353'4s 02:30P Chart for @C7K Options for @C7K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 16 950'0 958'4 943'0 953'4 3'6 954'0s 03:35P Chart for @S6X Options for @S6X
Jan 17 956'0 964'4 948'6 958'2 3'0 959'2s 03:55P Chart for @S7F Options for @S7F
Mar 17 962'2 971'0 955'2 965'0 2'4 965'4s 01:30P Chart for @S7H Options for @S7H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 69oF Feels Like: 67oF
Humid: 32% Dew Pt: 38oF
Barom: 29.81 Wind Dir: S
Cond: N/A Wind Spd: 7 mph
Sunrise: 6:52 Sunset: 6:32
As reported at WALLA WALLA, WA at 6:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Saturday

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Monday

Tuesday

Wednesday
High: 68°F
Low: 51°F
Precip: 38%
High: 68°F
Low: 45°F
Precip: 0%
High: 65°F
Low: 47°F
Precip: 20%
High: 65°F
Low: 47°F
Precip: 20%
High: 64°F
Low: 49°F
Precip: 0%
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Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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Announcements

NWGG Marketing Meetings
Sept 27th Walla Walla 7:30 a.m. at the main office.
Sept 29th Dayton 8:00 a.m. at the Best Western.


Walla Walla Seed Plant Hours:
Monday- Friday 6am to 7pm
Saturday 7am to 4pm 
Sunday 7am to 2 pm


Crops Received at Elevators 2016

Click here for elevator list

2016 Off Coast By Location


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)
 


Daily Commentary

9/30/16 -  If you grew HRW in 2016, be aware that there is currently an LDP available from your local FSA office. Please contact your FSA office with questions. SWW and DNS are still a long ways off from having LDPs.

USDA supply and demand report out at 9:00 this morning, local market sometime after that.

The USDA raised winter wheat production 15 million bushels but cut spring wheat production by 37.4 million bushels.  Wheat stocks came in 130 million bushels higher than average expectations which probably indicates not as much wheat was used for feed as had been hoped.  Corn came in slightly under expectations and soybeans were pretty much in line with pre report estimates.  Wheat futures were down a bunch on the release of the report but have recovered some of their losses as corn is moving higher and dragging wheat with it.  Soft white wheat production is 252 million bushels.


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. 9/9/16  Soft white ending stocks are projected over 100 million bushels this year.  At this point it looks like there won't be any way to increase exports enough to significantly reduce that number without wheat getting significantly cheaper and with the river closure this year increasing shipments will be a difficult task anyway.
2. 9/2/16  Japan and Korea have both returned to the white wheat market after being out for a month after the latest GMO event in Washington state.
3.9/9/16  Speculators in Chicago wheat futures have built another near record large short position of 147k net contracts.  If something happens that causes them to try to cover their position it should provide a sharp rally in wheat futures.
4. 9/9/16  Private estimates for the Australian wheat crop are approaching record levels of wheat production for them.
5. 8/16/16  Russian production was hiked by 7 million metric tons on the latest USDA report which was above market expectations.

 

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