A UP railroad bridge at the confluence of the Snake and Columbia Rivers in the Tri Cities is stuck in the lowered position which is preventing barge traffic from traveling on the Snake River. This may increase truck lines at Sheffler and Lyons Ferry as we will be unable to load out wheat until barge traffic resumes. The estimated repair time frame for the bridge is anywhere from 2-10 days at this point. We appoligize for any inconvenience this may cause and will work to minimize wait times to the best of our abilities.
7/21/17 It rained in Iowa last night and is raining there today. Corn futures are lower and so are wheat futures after rallying early. I would have thought wheat would be down more than corn today but that's not what is happening so far. Some logisical issues in the PNW popping up with a Union Pacific railroad bridge stuck in the down position in Tri Cities which has cut off barge traffic to the Snake River.
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. 7/14/17 Weather for the corn belt is now the dominating factor for the market as the drought in the Northern Plains seems to have run its course with spring wheat production already about as bad as it's going to get. 2. 7/14/17 Forecasts for the corn belt look moderate at this point with the western part of the belt getting some unexpectedly heavy rains this week which will help them weather a few hot dry days next week. 3. 7/14/17 The next factor for DNS prices will be Canadian spring wheat production which has begun to feel the effects of the drought in the Northern Plains but isn't as far along development wise and could still benefit from rainfall and moderate temperatures. 4. 7/14/17 Speculators are now long wheat in both Chicago and KC which is a reversal from the past three years. Unfortunately without a corn production problem there is more than enough winter wheat to go around right now which may see them look to shift back to being short futures which would lower prices. 5. 7/14/17 Australia remains very dry and could be a factor later in the year however their huge crop from last year was bigger than they could ship this year so their carryover stocks will provide a large buffer for a short crop this year.