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 Saturday, September 23, 2017
 
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Local Cash Bids
 
  September October November December January
Delivered Coast SWW 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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CANOLA Cash Price      
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Price as of 09/23/17 11:09AM CDT.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 am

BIDS ARE SUBJECT TO CHANGE AT ANY TIME.
REMINDER PRICES ARE NOW DELIVERED COAST 
Buying Hours: Monday - Thursday 8:30am - 11:00am and 2:30pm - 4:30pm
Friday 8:30am - 11:00am and no afternoon market


Club Wheat Premium: +.05 max 12.0% protein

2016 SWH vs. SRW Futures Basis = $0.85/bu. SRW December 2017 futures

New Crop SWH bids are for Max 10.5% Protein Market Scales Time of Delivery 

14% DNS Scales:  +.04/-.08 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.10/-.20 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

2017 Winter Wheat Harvest Price = $5.13/bu. Portland
2017 Spring Wheat Harvest Price = $6.76/bu. Portland

2018 Winter Wheat RP Base Price = $5.92/bu. Portland


 

Barge Fuel Surcharge:
September -5.1% = -$.017/bu. (negative means you get a credit back)

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


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 17 452'4 455'0 448'0 449'6 -3'0 449'4s 09/22 Chart for @W7Z Options for @W7Z
Mar 18 472'0 474'0 468'0 469'4 -2'4 469'4s 09/22 Chart for @W8H Options for @W8H
May 18 484'6 487'0 481'0 482'4 -2'0 483'0s 09/22 Chart for @W8K Options for @W8K
Jul 18 495'6 498'4 492'6 494'4 -2'0 494'2s 09/22 Chart for @W8N Options for @W8N
Sep 18 510'2 513'2 507'4 509'0 -1'4 509'2s 09/22 Chart for @W8U Options for @W8U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 17 449'0 452'4 445'0 449'2 0'6 450'2s 09/22 Chart for @KW7Z Options for @KW7Z
Mar 18 467'0 470'2 463'2 467'4 0'4 468'0s 09/22 Chart for @KW8H Options for @KW8H
May 18 480'0 482'6 476'0 479'2 0'2 480'4s 09/22 Chart for @KW8K Options for @KW8K
Jul 18 498'2 499'4 492'6 497'0 0'2 497'4s 09/22 Chart for @KW8N Options for @KW8N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 17 625'0 636'0 624'2 635'4 10'4 634'6s 09/22 Chart for @MW7Z Options for @MW7Z
Mar 18 637'6 647'0 636'4 646'6 10'0 646'0s 09/22 Chart for @MW8H Options for @MW8H
May 18 644'0 650'0 641'4 648'0 8'2 648'6s 09/22 Chart for @MW8K Options for @MW8K
Jul 18 642'0 648'2 641'4 648'0 9'2 647'4s 09/22 Chart for @MW8N Options for @MW8N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 17 349'6 356'2 349'4 353'4 3'2 353'4s 09/22 Chart for @C7Z Options for @C7Z
Mar 18 362'2 368'6 362'2 366'0 3'0 366'0s 09/22 Chart for @C8H Options for @C8H
May 18 370'4 377'0 370'4 374'6 3'2 374'4s 09/22 Chart for @C8K Options for @C8K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 17 970'0 987'0 969'0 985'2 13'4 984'2s 09/22 Chart for @S7X Options for @S7X
Jan 18 980'0 997'0 979'4 995'2 13'4 994'4s 09/22 Chart for @S8F Options for @S8F
Mar 18 989'0 1006'0 988'4 1004'4 13'2 1003'4s 09/22 Chart for @S8H Options for @S8H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 54oF Feels Like: 54oF
Humid: 69% Dew Pt: 44oF
Barom: 30.06 Wind Dir: E
Cond: N/A Wind Spd: 5 mph
Sunrise: 6:42 Sunset: 6:48
As reported at WALLA WALLA, WA at 8:00 AM
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Local Forecast
Walla Walla, WA
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High: 67°F
Low: 50°F
Precip: 0%
High: 69°F
Low: 46°F
Precip: 0%
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Low: 49°F
Precip: 20%
High: 72°F
Low: 57°F
Precip: 0%
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Low: 51°F
Precip: 0%
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Walla Walla, WA
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Announcements

The 2017 Fall Seed Newletter and Price list has been added to the newsletter section of our website.

2017 Off Coast By Location

 

2017 Crops Received by Elevator


 

Daily Commentary

9/20/17  Chicago wheat futures continue their corrective bounce and white wheat basis remains firm as farmer selling has been limited for the past week.  Western Australia is forecast to get some rain in the next week while the eastern areas remain dry.  It seems like futures could continue to rise with technical resistance about 13 cents above today's close but there's also little in the way of news to suggest a longer term rally at this point. 


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. 9/15/17 The USDA revised Australian wheat production lower for not just this year but the prior two years as well on the September supply and demand report.  This dropped their projected ending stocks from 5.59 million metric tons to 3.7 million tons which is much tighter than had been assumed following their record crop last year.  Now this year's production is much more important as they don't have a buffer to offset a smaller crop.  Current prodution is estimated at 22.5 mmt but if it doesn't rain much over the next month and a half and their production drops below 20 mmt then U.S. white wheat could be in a much better position on the global market.
2. 9/15/17  Offseting the Australian production situation somewhat is Russian production increasing.  Russia is projected to produce 81 mmt of wheat this year which is a record.  They have also announced that they may begin subsidizing transportation in order to try to move a larger amount of grain for export this year although it is not certain that they will actually do that yet.  This should keep global wheat prices in check this year unless the Russians aren't able to perform from a logistical stanpoint.
3. 9/15/17  The USDA increased their projected corn yield slightly from last month which again surprised the market as traders were looking for a small production decrease again given crop conditions that are not as good as they've been for the past 3 years.
4. 9/15/17  Canadian spring wheat yields have been coming in larger than expected which has helped pressure DNS prices.  Supplies of DNS may still get tight this year but as harvest finishes up the amount of wheat that is moving to market is more than what is needed at this time.
5. 9/15/17  The next big USDA report is the quarterly stocks report on September 29th.  Final small grain production will also be presented showing wheat production for the year.

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Bayer Requests Extension

Headline News
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