850 N 4TH AVE. * WALLA WALLA, WA  99362
TELEPHONE (509) 525-6510
FAX (509) 529-6050

Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Friday, April 25, 2014
 
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Local Cash Bids
 
  April May June July August January
Walla Walla SOFT WHITE WHEAT Cash Price
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BARLEY Cash Price          
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14% DNS Cash Price
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11.5% HRW Cash Price
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CLUB PREMIUM Cash Price          
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CANOLA Cash Price          
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Price as of 04/25/14 03:17AM CDT.
Month Symbols
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Bid Notes


Prices Updated Thursday 2:30 P.M.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

 2014 Winter Wheat RP Base Price = $6.72/bu. Portland

2014 Spring Wheat RP Base Price = $7.54/bu. Portland

Soft White vs. SRW Basis = $0.90 over May

New Crop SWW vs. SRW Basis = $0.55 over September

14% DNS Scales:  +.10/-.15 ea. 1/4 from 14%

11.5% HRW Scales:  +.02/-.04 ea. 1/2% from 11.5%

2013/14 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Barge Fuel Surcharge: 
April 28% = $.062/bu. (capped by NWGG at 30%)
May 26% = $.057/bu. (capped by NWGG at 30%)

Country Elevator Fuel Surcharge:
April 29% = $.035/bu. (capped by NWGG at 30%)
May 28% = $.034/bu. (capped by NWGG at 30%)


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 14 689'0 693'6 688'0 690'4 1'4 689'0 03:06A Chart for @W4K Options for @W4K
Jul 14 696'2 701'0 694'6 698'0 1'4 696'4 03:06A Chart for @W4N Options for @W4N
Sep 14 705'0 708'4 704'0 706'4 1'0 705'4 03:06A Chart for @W4U Options for @W4U
Dec 14 719'6 724'0 717'6 720'6 1'0 719'6 03:06A Chart for @W4Z Options for @W4Z
Mar 15 731'0 732'6 Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 14 759'0 763'2 759'0 762'2 2'6 759'4 03:05A Chart for @KW4K Options for @KW4K
Jul 14 765'4 769'2 764'0 767'0 1'4 765'4 03:06A Chart for @KW4N Options for @KW4N
Sep 14 774'2 774'2 772'0 773'2 1'4 771'6 03:05A Chart for @KW4U Options for @KW4U
Dec 14 782'0 783'4 782'0 783'4 1'4 782'0 03:05A Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 14 735'4 739'0 735'4 739'0 2'6 736'2 03:03A Chart for @MW4K Options for @MW4K
Jul 14 739'0 741'4 738'0 739'4 0'0 739'4 03:03A Chart for @MW4N Options for @MW4N
Sep 14 747'6 746'4 Chart for @MW4U Options for @MW4U
Dec 14 757'0 759'0 757'0 759'0 2'0 757'0 03:05A Chart for @MW4Z Options for @MW4Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 14 501'2 503'6 500'6 501'6 0'4 501'2 03:07A Chart for @C4K Options for @C4K
Jul 14 507'0 509'6 506'6 507'2 0'0 507'2 03:06A Chart for @C4N Options for @C4N
Sep 14 505'0 507'4 504'6 505'4 0'4 505'0 03:06A Chart for @C4U Options for @C4U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 14 1472'0 1480'0 1472'0 1476'0 4'0 1472'0 03:06A Chart for @S4K Options for @S4K
Jul 14 1470'2 1477'6 1470'0 1473'6 3'6 1470'0 03:06A Chart for @S4N Options for @S4N
Aug 14 1409'4 1417'6 1409'2 1414'4 5'0 1409'4 03:06A Chart for @S4Q Options for @S4Q
@ZG - GOLD 100 OZ - NYSEL
Month Open High Low Last Change Close Time More
Apr 14 1282.600 6.400 1290.800s 04/24 Chart for @ZG4J Options for @ZG4J
May 14 1290.600 6.200 1290.600s 04/24 Chart for @ZG4K Options for @ZG4K
Jun 14 1277.600 1277.600 1277.600 1277.600 6.100 1290.900s 03:06A Chart for @ZG4M Options for @ZG4M
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 51oF Feels Like: 51oF
Humid: 66% Dew Pt: 40oF
Barom: 29.86 Wind Dir: S
Cond: N/A Wind Spd: 7 mph
Sunrise: 5:48 Sunset: 7:53
As reported at WALLA WALLA, WA at 12:00 AM
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Local Forecast
Walla Walla, WA
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Friday

Saturday

Sunday

Monday

Tuesday
High: 58°F
Low: 44°F
Precip: 46%
High: 60°F
Low: 40°F
Precip: 0%
High: 57°F
Low: 43°F
Precip: 70%
High: 59°F
Low: 39°F
Precip: 0%
High: 68°F
Low: 39°F
Precip: 0%
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Walla Walla, WA
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Radar
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Headline News
Obama to Russia: More Sanctions Ready 04/24 06:47
US-Japan Talks Pause Without Agreement 04/24 06:52
Afghan Guard Kills 3 US Doctors 04/24 06:59
Clashes in Ukraine Leave 2 Dead 04/24 07:02
Syrian Airstrikes Kill 18 in North 04/24 06:48
Iraq Suicide Attack Kills 11 04/24 06:57
China Increases Defense Spending 04/24 07:00
Stocks Close Mostly Higher on Earnings 04/24 16:35


Announcements

NWGG Email Alerts and Newsletters
NWGG uses a mass email list to send out notices of our upcoming marketing meetings and we also email a monthly marketing newsletter to our members.  The newsletter typically follows and recaps our marketing meetings.  If you have not been receiving those newsletters for the last couple of months and would like to start receiving them, please call the main office and we can get your email address added to our membership email list.  




NWGG 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)



 

Daily Commentary

4/24/14 - Ukrainian forces shot and killed at least 5 pro-Russian militants during an operation to reclaim occupied territory at a road block overnight.  Market watchers will continue to watch for flare ups in Ukraine and a shift away from Black Sea exports.  Heavy rain today in the western plains moving east the rest of the week.  Cool and wet next week.  Corn planting delays are the worry right now, but it is only April and the American farmer has shown he can plant 40% of the crop in one week if he gets an open weather window.  


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. 4/4/14  Quarterly wheat stocks came in about 10 million bushels higher than the average expectation on the March 31st USDA report.  It looks like projected wheat ending stocks will probably be getting a boost on the April 9th supply and demand report, with some analysts estimating a significant increase for HRW in particular.  While wheat export sales have remained ahead of the USDA's projected pace shipments have been lagging meaning a significant chunk of this year's sales will be getting rolled to new crop.
2. 4/4/14  Regular weekly crop condition and planting progress reports will begin on April 7th and weather will become the major market driver over the next few months.  Crop conditions in the southern Plains have deteriorated over the winter and early spring however rains from this point forward will be the biggest factor in determining the size of the U.S. wheat crop this year.
3. 4/4/14  There don't seem to be any problem areas around the world this year affecting the upcoming wheat crop.  If this remains the case for the next couple of months it's not looking good for prices.  There is talk of a strong El Nino developing in the Pacific this year which has the possibility of drying out Australian crop areas which are already getting pretty dry in the western part of the country.
4.  4/4/14  The tensions in Ukraine seem to be calming down a bit however that could change at any time.  Russia and Ukraine combine to make up 17% of the world's exportable wheat supply so if war does break out it could distrupt the global wheat trade significantly.

5.  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.  Columbia Grain has also locked out the ILWU. The situation still looks like it will get worse before it gets better. 
 

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