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

 

Phone: 800-994-4290 Wednesday, September 19, 2018
 
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Local Cash Bids
 
  September October November December Jan. 19
Delivered Coast SWW Cash Price
  Chart Chart Chart Chart Chart
BARLEY Cash Price        
  Chart
14% DNS Cash Price
  Chart Chart Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart Chart Chart
CANOLA Cash Price        
  Chart
Price as of 09/19/18 11:45PM CDT.
Month Symbols
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Bid Notes

Prices Updated Wednesday 2:30 pm

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

2018 SWH vs. SRW Futures Basis = $0.85bu. SRW Dec 2018 futures

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

14% DNS Scales:  +.00/-.02 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.03/-.07 ea. 1/2% from 11.5%, 13% max

2019 Winter Wheat RP Base Price = $6.59/bu Portland
2019Spring Wheat RP Base Price = $6.22/bu Portland
*2019 Insurance Price is calculated from 8/15/18-9/14/18

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

2018 Spring Wheat RP Base Price = $6.30/bu. MGE
Barge Fuel Surcharge:
September -1.85% = -$.006/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
September 20% = $.024/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 18 523'0 523'6 520'0 520'0 -2'4 522'4 11:31P Chart for @W8Z Options for @W8Z
Mar 19 540'2 541'4 538'2 538'2 -2'0 540'2 11:31P Chart for @W9H Options for @W9H
May 19 552'4 552'6 550'0 550'0 -1'6 551'6 11:33P Chart for @W9K Options for @W9K
Jul 19 555'0 556'0 553'4 553'4 -1'4 555'0 11:33P Chart for @W9N Options for @W9N
Sep 19 558'6 565'6 558'6 563'4 9'0 564'6s 11:33P Chart for @W9U Options for @W9U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 18 526'2 527'0 524'0 524'6 -1'4 526'2 11:31P Chart for @KW8Z Options for @KW8Z
Mar 19 548'6 550'4 547'4 547'4 -2'2 549'6 11:33P Chart for @KW9H Options for @KW9H
May 19 562'4 563'2 560'6 560'6 -2'2 563'0 11:33P Chart for @KW9K Options for @KW9K
Jul 19 562'0 562'4 561'2 561'2 -1'2 562'4 11:33P Chart for @KW9N Options for @KW9N
Sep 19 571'6 571'6 571'6 571'6 -0'6 572'4 11:33P Chart for @KW9U Options for @KW9U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 18 586'0 588'0 586'0 588'0 0'0 588'0 11:31P Chart for @MW8Z Options for @MW8Z
Mar 19 600'4 602'2 600'0 601'2 0'0 601'2 11:31P Chart for @MW9H Options for @MW9H
May 19 606'0 608'2 606'0 608'0 -0'4 608'4 11:31P Chart for @MW9K Options for @MW9K
Jul 19 614'6 614'6 614'6 614'6 0'2 614'4 11:23P Chart for @MW9N Options for @MW9N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 18 345'2 346'0 345'0 345'2 -0'4 345'6 11:33P Chart for @C8Z Options for @C8Z
Mar 19 357'4 358'0 357'4 357'6 -0'2 358'0 11:33P Chart for @C9H Options for @C9H
May 19 366'0 366'4 365'6 366'0 -0'4 366'4 11:33P Chart for @C9K Options for @C9K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 18 830'0 831'2 826'0 826'4 -3'4 830'0 11:34P Chart for @S8X Options for @S8X
Jan 19 843'4 845'0 840'0 840'4 -3'2 843'6 11:34P Chart for @S9F Options for @S9F
Mar 19 857'0 858'4 853'4 854'0 -3'2 857'2 11:33P Chart for @S9H Options for @S9H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 60oF Feels Like: 58oF
Humid: 38% Dew Pt: 34oF
Barom: 29.95 Wind Dir: ESE
Cond: N/A Wind Spd: 5 mph
Sunrise: 6:37 Sunset: 6:54
As reported at WALLA WALLA, WA at 9:00 PM
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Local Forecast
Walla Walla, WA
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Thursday

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Monday
High: 73°F
Low: 51°F
Precip: 0%
High: 80°F
Low: 51°F
Precip: 0%
High: 73°F
Low: 58°F
Precip: 0%
High: 70°F
Low: 51°F
Precip: 0%
High: 71°F
Low: 49°F
Precip: 0%
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Walla Walla, WA
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Announcements

See our 2018 Fall Newsletter containing seed and market information under the Newsletter button on the left hand side of our home page. 

Upcoming Marketing Meetings:

Thursday September 20, 2018
Walla Walla 7:30 am
Endicott 8:00 am
St John 9:00 am
 
Friday September 21, 2018
Dayton 7:30am
Uniontown 9:00 am


Crops Received at Elevators 2018 (click the link)
 


Daily Commentary

9/19/18 -  Not sure what the spark is this morning other than it looks like the futures markets may have broken out of their downtrend which is bringing in some buying there.  White wheat bids firmed up along with futures, Australia has been dry since the rain early this month so maybe some more concren about crops there.


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. 9/4/18  Russian ag officials stated that there was currently not a need for any export restrictions at a meeting with grain exporters on 9/3.  This is probably not the end of talk of Russia limiting milling wheat exports at some point in the future this year buy should quiet things down for awhile.
2. 8/31/18 Australia has been receiving some rain this week, even in the far eastern areas of the country which had been the driest.  In the west after a dry start they are now estimating an above average crop for the region after receiving good rainfall the last few weeks.  The balance of September will be important for their final production but things look better now than they did a couple of weeks ago.
3. 8/31/18  Export business for white wheat has been relatively good for white wheat versus the other classes of wheat.  Indonesia has been buying pretty regularly which is good swing business that we've picked up due to Australia's poor crop last year.  There was a cancellation last week that may have actually been a miss allocation of a sale to Yemen that caused some concern that they had gone back to Black Sea sources but they were back on the sales report this week.
4. 8/31/18  Some areas of the state saw low falling number issues this year in white wheat.  That may have kept some wheat off the market during harvest as producers had to wait longer to receive grades and companies had to be sure that they weren't shipping that wheat out right off the combine.  That probably kept some selling pressure off the market but now that harvest is mostly over it seems like the issues aren't severe enough to limit the availabilty of wheat to the market.
5. 8/31/18  The next USDA supply and demand report is Wednesday September 12th and then the quarterly stocks and small grains report is on September 28th.

DTN Ag Headline News
Court Exempts Iowa From 2015 WOTUS Rule
Green Plains Not Closing Plants
China Responds to New Tariffs
North Carolina Ag Hit Hard
USDA Crop Progress
Todd's Take
Wettest Areas Will See Delays
Finding Pathways for Biofuels
Cash Market Moves

Headline News
Kim Agrees to Dismantle Main Nuke Site 09/19 06:07
Drilling Pollution Rules Rolled Back 09/19 06:13
Wisc OK's Lake Mighigan Water Diversion09/19 06:15
Brooklyn Diocese to Pay $27.5 Mil 09/19 06:17
NASA Satellite to Measure Ice Changes 09/19 06:19
PM May Seeks More EU Compromise 09/19 06:24
Germany Goal: 1 Mil Elec. Cars by 2022 09/19 06:27
Stocks Finish Mixed, Bond Yields Surge 09/19 16:02

WSU AgWeatherNET











 
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