Local Cash Bids
	loading...   May June July August Walla Walla SOFT WHITE WHEAT Cash Price   BARLEY Cash Price   14% DNS Cash Price   11.5% HRW Cash Price
	Price as of 05/19/13 06:24PM CDT. Month Symbols
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	Bid Notes
	Prices Updated Friday 9am BIDS ARE SUBJECT TO CHANGE AT ANY TIME 2013 Winter Wheat RP Base Price = $8.40/bu. Portland  2013 Spring Wheat RP Basie Price = $7.37/bu. Portland Soft White vs. SRW Basis = $.95 14% DNS Scales:  +.00/-.05 ea. 1/4 from 14% 11.5% HRW Scales:  +.02/-.04 ea. 1/2% from 11.5% 2012/13 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members.  Barge Fuel Surcharge:  May 27% = $.06/bu. (actual 27%, capped by NWGG at 30%) Country Elevator Fuel Surcharge: May 29% = $.035/bu. (actual 29%, capped by NWGG at 30%)

	Futures
	@W - WHEAT - CBOT Month Open High Low Last Change Close Time More Jul 13 682'6 -4'4 683'2s 05:42P Sep 13 690'0 -5'0 691'0s 04:47P Dec 13 707'0 -5'4 707'4s 04:40P Mar 14 723'2 -5'6 724'2s 02:03P @KW - HARD RED WINTER WHEAT - KCBT Month Open High Low Last Change Close Time More Jul 13 736'6 -6'2 737'2s 06:01P Sep 13 744'0 -7'2 744'2s 06:10P Dec 13 763'2 -7'0 761'2s 02:01P Mar 14 774'2 -7'2 774'6s 02:01P @MW - HARD RED SPRING WHEAT - MGE Month Open High Low Last Change Close Time More Jul 13 803'4 -0'2 803'6s 05:59P Sep 13 795'0 -1'4 795'0s 04:40P Dec 13 801'2 -1'6 800'4s 02:04P Mar 14 812'4 -2'6 811'6s 02:02P @C - CORN - CBOT Month Open High Low Last Change Close Time More Jul 13 653'2 11'2 652'6s 06:10P Sep 13 555'4 2'2 556'0s 04:40P Dec 13 519'2 -4'4 519'4s 05:51P @S - SOYBEANS - CBOT Month Open High Low Last Change Close Time More Jul 13 1448'6 21'0 1448'4s 06:04P Aug 13 1378'2 24'4 1378'4s 04:40P Sep 13 1289'4 18'0 1289'4s 04:47P @ZG - GOLD 100 OZ - NYSEL Month Open High Low Last Change Close Time More May 13 1364.900 - 21.800 1364.900s 05/17 Jun 13 1355.800 - 21.800 1365.100s 06:02P Jul 13 1365.700 - 21.800 1365.700s 05/17 My Custom Markets Symbol Open High Low Last Change Close Time More

	DTN Ag Headline News
	Storing Fertilizer
	Floor Fights Ahead in House
	Informa Trims Corn Acres
	EPA Budget Examined
	Organics May Get Checkoff
	House Farm Bill Advances
	Senate Target Prices Adjusted
	Kub's Den
	Farm Bill Goes to Senate Floor

	Headline News
	Obama Urged to Make Economy Big Topic 05/19 15:27
	Obama to Address Drone Program 05/19 15:20
	Syria Troops Push Into Rebel-Held Town 05/19 15:13
	Karzai Seeks Indian Military Aid 05/19 15:29
	Israeli Seeks Interim Palestinian Deal 05/19 15:22
	New China Premier Visits India 05/19 15:15
	Conn. Train Outage Expected for Days 05/19 15:31
	Stocks Rise on Hopeful Economic Signs 05/17 15:42

	Announcements
	NWGG New Wheat 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) Northwest Grain Growers has hired Byron Behne as our new grain marketing manager.  Byron grew up on a small family farm in Hartline, WA and graduated from WSU with an Agribusiness degree. He spent a year working on a potatoe seed farm before being hired as the branch manager for Odessa Union in Ephrata where he obtained his futures broker's license.  Byron has been the lead grain merchandiser for Odessa Union since 2006.  Bryon will be moving to Walla Walla with his wife and 2 year old daughter in late May.  Please help us welcome Byron and his family as they join NWGG and the Walla Walla community.

	Daily Commentary
	5/17/13 - Market participants seem to be getting increasingly optimistic that the corn crop is going to get planted.  If the current showers move through the corn belt and only slow down things for a day or two and the weather clears for next week I wouldn't be surprised if the corn market makes new lows next week.  World wheat weather forecasts remain cooler and wetter than the beginning of the week.  SRW futures market has retreated to about the same level when China bought wheat the last time.  Will they show up again with the sagging wheat price or are they content to wait until new crop to make more purchases?  CBOT announced that they are moving back toward their old trading hours.  Right now the futures markets are open Sunday thru Friday opening at 3pm and closing at 12pm the next day.  To try and add more volume they are going back to the 2 opens and 2 closes per day type of structure.  The markets will now open at 5pm and close the next morning at 5:45am and then they will reopen at 6:30am and close at 11:15am.  This change is scheduled to take place on April 8th, 2013.

	The Weekly Top Five
	These are the 5 biggest issues that NWGG feel are affecting today markets and items to watch for as we progress through the year.      1.  Cool and wet weather in the Midwest is making it look like it is still winter in North Dakota, South Dakota and Minnesota.  They went from having very little moisture this winter to a couple feet of snow this spring.  Lots of acres of corn are needed to replenish supplies after last year's drought ravaged crop.  How many acres of corn will be switched to soybeans or spring wheat if the weather does not warm and dry up pretty soon?  2.  A poor U.S. corn crop resulting in tight world carryovers is going to support prices until the world is able to replenish supplies either through a large South American crop or the 2013 U.S. corn crop. 3.  2012 drought conditions have plagued the 2013 U.S. wheat crop all winter and spring.  Some moisture is finally falling across the Midwest in March and April, however will it be too late to help winter wheat crop prospects?   The rest of the Northern Hemisphere wheat crop looks in pretty good shape as of today. 4.  The PNW export market still has a labor issue to resolve.  Four of the six export facilities in Portland ("Grain Group") have operated under the same longshoreman union agreement.  That contract expired September 30th, 2012.  Since then the Grain Group and ILWU have been operating under "good faith".  The longshoreman had a very contentious labor dispute last year with the new export facility EGT.  EGT was able to negotiate a better labor deal than the one that the "Grain Group" is operating under now.  Update: Temco broke away from the group and signed their own labor agreement with the ILWU.  United Grain locked out the ILWU after they hired a security expert who found an ILWU employee sabotaging equipment.  United Grain is currently using non-union employees and management to run the elevator and ILWU employees are striking at the entrance to their property.  The other 2 exporters are still operating under the last offered unsigned agreement.  This situation will not go away easily or quietly.  5.  Outside economic influences may have the last word.  Europe's economic woes lead the headlines just about every day.  Chinese economic indicators have been showing signs of slowing down. The index funds are massively long Ag. futures, if they decide to change their position it will have a huge effect on price.  We are living in very volatile times when it seems like anything can happen, and given enough time probably will happen.

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	Local Conditions
	Walla Walla, WA Chg Zip Code:  Temp: 68oF Feels Like: 68oF Humid: 35% Dew Pt: 39oF Barom: 30.24 Wind Dir: N Cond: N/A Wind Spd: 5 mph Sunrise: 5:15 Sunset: 8:23 As reported at WALLA WALLA, WA at 4:00 PM
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	Walla Walla, WA
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