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 Friday, November 24, 2017
 
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Local Cash Bids
 
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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 11/24/17 07:04AM CST.
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Bid Notes

Prices Updated Wednesday 8:30 a.m.

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 = $0.95/bu. SRW December 2017 futures

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

14% DNS Scales:  +.05/-.10 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.15/-.30 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:
November -3.3% = -$.011/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
November 16% = $.019/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 17 424'6 426'2 420'6 423'0 -2'0 422'6s 06:47A Chart for @W7Z Options for @W7Z
Mar 18 441'2 444'4 438'4 441'0 -0'4 440'6s 06:48A Chart for @W8H Options for @W8H
May 18 453'4 457'0 450'6 453'6 0'4 453'4s 06:43A Chart for @W8K Options for @W8K
Jul 18 466'4 471'0 464'0 467'6 1'2 467'4s 11/22 Chart for @W8N Options for @W8N
Sep 18 480'4 485'4 478'6 482'6 1'4 482'0s 06:44A Chart for @W8U Options for @W8U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 17 420'0 424'6 418'0 421'0 0'6 421'0s 06:46A Chart for @KW7Z Options for @KW7Z
Mar 18 437'0 442'4 435'2 438'4 0'6 438'4s 06:48A Chart for @KW8H Options for @KW8H
May 18 450'0 455'4 448'6 451'6 1'0 451'4s 05:02A Chart for @KW8K Options for @KW8K
Jul 18 468'2 473'2 466'2 469'2 1'2 469'4s 12:16A Chart for @KW8N Options for @KW8N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 17 626'4 631'4 624'6 627'2 -0'2 626'6s 11/23 Chart for @MW7Z Options for @MW7Z
Mar 18 640'2 646'2 639'2 642'0 0'0 641'2s 11/23 Chart for @MW8H Options for @MW8H
May 18 645'0 651'0 645'0 646'6 -0'2 646'4s 11/22 Chart for @MW8K Options for @MW8K
Jul 18 650'0 652'2 648'4 648'4 0'2 648'6s 11/22 Chart for @MW8N Options for @MW8N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 17 344'2 347'0 344'0 344'4 0'2 345'2s 06:53A Chart for @C7Z Options for @C7Z
Mar 18 355'4 358'0 355'2 356'4 0'6 357'0s 06:51A Chart for @C8H Options for @C8H
May 18 364'0 366'2 363'4 364'4 0'6 365'2s 06:23A Chart for @C8K Options for @C8K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 18 988'4 999'4 987'4 997'0 8'2 997'2s 06:48A Chart for @S8F Options for @S8F
Mar 18 999'4 1010'4 998'6 1008'2 8'2 1008'4s 06:04A Chart for @S8H Options for @S8H
May 18 1008'6 1020'2 1008'2 1017'4 8'2 1018'2s 06:00A Chart for @S8K Options for @S8K
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 44oF Feels Like: 39oF
Humid: 73% Dew Pt: 36oF
Barom: 30.06 Wind Dir: S
Cond: N/A Wind Spd: 9 mph
Sunrise: 7:06 Sunset: 4:13
As reported at WALLA WALLA, WA at 4:00 AM
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Local Forecast
Walla Walla, WA
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Friday

Saturday

Sunday

Monday

Tuesday
High: 52°F
Low: 41°F
Precip: 0%
High: 48°F
Low: 37°F
Precip: 27%
High: 59°F
Low: 40°F
Precip: 80%
High: 48°F
Low: 40°F
Precip: 80%
High: 52°F
Low: 38°F
Precip: 20%
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Walla Walla, WA
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Announcements

NWGG will be closed on Thursday November 23 and Friday November 24 in observance of Thanksgiving. There will be no grain markets on Thursday or Friday. Have a safe and happy holiday weekend!

You can find a copy of the 2017 Annual Meeting newsletter under Newsletters on the left hand menu bar.

 

2017 Off Coast By Location

 

2017 Crops Received by Elevator


 

Daily Commentary

11/22/17  Reminder there will be no afternoon market today and our office will be closed on Friday for Thanksgiving.

Futures are trading quietly ahead of the holiday this morning.  Yesterday there was some buzz about a nuclear accident in either Russia or Kazakhstan back in September.  This was actually old news but the Russian's just actually confirmed it yesterday.  Supposedly there isn't anything to worry about as the elevated levels of radiation are in the vacinity of the Ural mountains and at lower levels than would be necessary to cause any harm to anything.  It does make speculators who are short a large amount of wheat futrues a bit nervous when anything Russian related is in the news however it doesn't look like there's much to this story at this time, something to keep on the radar though.


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: 11/15/17  The latest USDA report trimmed U.S. and world wheat ending stocks a small amount but the overall supply situation remains bearish.
2: 11/15/17 White wheat projected ending stocks were increased 4 million bushels on a reduction to domestic demand on the supply and demand report.  The USDA's projected exports of 210 million bushels are based on a strong initial sales pace which has now begun to cool off, if extra business doesn't materialize from buyers replacing Australian wheat it isn't likely that we'll meet this projection.
3: 11/15/17 Australia has just started harvest and initial results seem to indicate that the projected 20 million metric tons of production is accurate.  There's still a lot of time and crop left so we'll see if this continues to hold.
4. 11/15/17 Russia's currency has dropped in value pretty dramatically since October which increases their competitiveness on the export front.  Russian exports are being heavily relied on this year after a record harvest keeps them as the cheapest wheat in the world.  If they have any logistical issues due to winter weather or political conflicts then perhaps we can pick up some additional export business.
5. 11/15/17  The USDA raised corn production on the latest supply and demand report above market expectations with a new all time record yield of 175.4 bushels per acre, in spite of weekly condition reports showing a crop in worse condition than any of the crops in the last 4 years.

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WSU AgWeatherNET











 
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