850 N 4TH AVE. * WALLA WALLA, WA 99362 Walla Walla Office (509) 525-6510 Dayton Office (509) 382-2571 St. John Office (509) 648-3316 FAX (509) 529-6050 Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm
BIDS ARE SUBJECT TO CHANGE AT ANY TIME. REMINDER PRICES ARE NOW DELIVERED COAST RED WHEAT MARKETS ARE MORNING ONLY 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: +.00 max 12.0% protein
Old Crop 2018 SWH vs. SRW Futures Basis = $1.05/bu. SRW July 2018 futures
New Crop 2018 SWH vs. SRW Futures Basis = $0..80/bu. SRW Sept 2018 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
2018 Winter Wheat RP Base Price = $5.92/bu. Portland 2018 Spring Wheat RP Base Price = $6.30/bu. MGE Barge Fuel Surcharge: June -.9% = -$.003/bu. (negative means you get a credit back)
Country Elevator (truck/rail) Fuel Surcharge: June 19% = $.023/bu.
NWGG Field Days Schedule NWGG/WSU/OSU Lower Rainfall Plot Tour in Eureka Monday June 18, 2018 @ 3pm
NWGG/WSU/OSU High Rainfall Plot Tour in Walla Walla Wednesday June 20, 2018 @ 1pm NWGG will host a short marketing meeting and lunch at the Walla Walla Fairgrounds starting at 11am on June 20th before the Walla Walla tour
NWGG/WSU/OSU Dayton Plot Tour Friday June 22, 2018 @ 8am
A reminder from your local FSA offices: “The Farm Service Agency (FSA) deadline for 2018 acreage reporting for spring seeded crops is Monday, July 16, 2018. Please call your local FSA office to make an appointment. Any appointments made after the July 16, 2018 deadline will be subject to a late file fee per farm number.” ` Kelley Betts County Executive Director Email: email@example.com
6/14/18 - Wheat futures broke through trendline support levels for the first time in the last two months today as the dollar rallied sharply. There's hot weather in the corn belt but moisture is good in most areas but parts of the south central belt are getting kind of dry. The short term outlook for prices isn't good and without a bullish news item it seems like markets will drift lower into the end of the month's acreage and stocks report which will be very influential.
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: 6/1/18 Black Sea winter wheat areas are drier than normal which raises concern about Russia's production potential this year. If drought develops in the area world wheat exports would certainly be affected as Russia is the number one wheat exporter in the world right now. Spring wheat acreage in Russia may fall below projections as it has been very wet in Siberia which could also impact Russian production this year. 2: 6/1/18 The corn crop in the U.S. is off to a very good start as plantings have caught up to average pace and the first crop condition ratings of the year were among the best in 20 years. The only remaining question is acreage which the USDA will put out their planted acres report on June 29th. 3: 6/1/18 Chicago wheat futures have been in an uptrend since the first of the year, albeit a volatile one. There have been several price spikes and selloffs with each selloff settling a bit higher than the previous one. Each spike has provided a favorable opportunity to price new crop bushels and producers should continue to take advantage of the rallies. 4: 6/1/18 Conditions for the rest of the spring in Russia and then pollination for the U.S. corn crop are the two significant weather related items on the radar at the moment. Australia has been very dry as well but looks to see some rain next week and has a long way to go to see what kind of a crop they'll end up with. 5: 6/1/18 The next USDA supply and demand report is on June 12th but the stocks and acreage report on June 29th will be more important.