850 N 4TH AVE. * WALLA WALLA, WA  99362
TELEPHONE (509) 525-6510
FAX (509) 529-6050

Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Wednesday, December 17, 2014
 
Home
Northwest Grain Growers
My Account
Admin Login
  

Local Cash Bids
 
  December January February July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price      
  Chart
14% DNS Cash Price  
  Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart
CLUB PREMIUM Cash Price      
  Chart
CANOLA Cash Price      
  Chart
Price as of 12/17/14 08:19PM CST.
Month Symbols
Click to view more Cash Bids

Bid Notes

Prices Updated Wednesday 2:30 p.m.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

2015 Winter Wheat RP Base Price = $6.20/bu. Portland

2015 Spring Wheat RP Base Price = $6.55/bu. Portland

Soft White vs. SRW Mar. Futures Basis = $0.90/bu.

New Crop Soft White vs. SRW Sep. Futures Basis = $0.70/bu

14% DNS Scales:  +.15/-.25 ea. 1/4 from 14%

11.5% HRW Scales:  +.00/-.04 ea. 1/2% from 11.5%

2014/15 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Barge Fuel Surcharge:
December 20% = $.044/bu.

Country Elevator Fuel Surcharge:
December 25% = $.032/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 646'4 649'2 645'6 646'6 -1'6 648'4 08:07P Chart for @W5H Options for @W5H
May 15 648'6 650'4 648'2 649'0 -1'6 650'6 08:07P Chart for @W5K Options for @W5K
Jul 15 644'0 645'4 643'2 643'6 -3'0 646'6 08:07P Chart for @W5N Options for @W5N
Sep 15 651'0 652'0 651'0 652'0 -2'0 654'0 08:07P Chart for @W5U Options for @W5U
Dec 15 661'2 661'6 659'0 659'0 -4'4 663'4 08:07P Chart for @W5Z Options for @W5Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 15 678'0 680'0 677'4 678'2 -3'2 681'4 08:07P Chart for @KW5H Options for @KW5H
May 15 681'0 681'2 681'0 681'2 -3'2 684'4 08:07P Chart for @KW5K Options for @KW5K
Jul 15 680'0 682'6 680'0 681'0 -3'0 684'0 08:07P Chart for @KW5N Options for @KW5N
Sep 15 687'4 688'2 687'4 688'2 -3'0 691'2 08:07P Chart for @KW5U Options for @KW5U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 15 655'0 658'4 655'0 655'6 -4'0 659'6 08:07P Chart for @MW5H Options for @MW5H
May 15 655'4 662'2 655'4 660'6 -3'0 663'6 08:05P Chart for @MW5K Options for @MW5K
Jul 15 665'0 666'0 664'0 665'6 -2'2 668'0 08:05P Chart for @MW5N Options for @MW5N
Sep 15 668'0 668'0 668'0 668'0 -3'2 671'2 08:05P Chart for @MW5U Options for @MW5U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 408'0 408'4 407'2 407'4 -0'6 408'2 08:07P Chart for @C5H Options for @C5H
May 15 416'4 416'6 415'6 416'2 -0'2 416'4 08:07P Chart for @C5K Options for @C5K
Jul 15 423'2 423'2 422'4 422'6 -0'4 423'2 08:07P Chart for @C5N Options for @C5N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 15 1027'0 1029'4 1025'0 1025'2 -1'6 1027'0 08:07P Chart for @S5F Options for @S5F
Mar 15 1035'2 1037'4 1033'4 1033'6 -1'4 1035'2 08:08P Chart for @S5H Options for @S5H
May 15 1041'0 1043'6 1040'0 1040'0 -1'0 1041'0 08:07P Chart for @S5K Options for @S5K
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 37oF Feels Like: 37oF
Humid: 93% Dew Pt: 35oF
Barom: 29.97 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 7:30 Sunset: 4:08
As reported at WALLA WALLA, WA at 6:00 PM
View complete Local Weather

Local Forecast
Walla Walla, WA
Chg Zip:

Thursday

Friday

Saturday

Sunday

Monday
High: 45°F
Low: 33°F
Precip: 53%
High: 45°F
Low: 39°F
Precip: 80%
High: 45°F
Low: 38°F
Precip: 40%
High: 52°F
Low: 39°F
Precip: 60%
High: 50°F
Low: 42°F
Precip: 60%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
View complete Local Weather


Announcements

 

The option to pre-order "common" Soft White Spring wheat ends Nov. 30th, 2014.  If you want to guarantee the availability of soft wheat spring wheat to seed in case of a freeze out, you can pre-order for a $1/bushel non-refundable deposit.  If you end up needing to take the seed wheat in the spring, the $1/bushel deposit will be credited to your account. For more information, please call the main office and talk with Mike or Chris.  

 
  NWGG Wheat Buying Hours

SWW 8:30am -11am and 2:30pm to 4:30pm (no markets Friday afternoon)
HRW & DNS 8:30am to 11am (no afternoon markets)



 


Daily Commentary

12/17/14 - Crazy action today that seems more technically driven than anything although there is a lot of uncertainty over what if any action Russia will take with their wheat exports.  Late yesterday they had a release stating that exports to Egypt, Turkey, India, and Ajerbijan would not be restricted.  Does that mean they will be restricted to other countries?  Basis levels for all the wheats have been under fire on the run up this week and look to continue to be as U.S. wheat prices itself out of the world market.


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. 12/16/14 Concern that Russia may take steps to try to keep grain in country to stem rising inflation caused by the collapsing value of the Ruble has generated both short covering and outright buying in wheat futures as any talk about Russia and exports makes people very nervous.  Tough to say what the chances are for an actual export ban at this point and they are going to try to control things with internal pricing for the time being.  If their winter wheat crop looks to be in jeopardy then the concerns will gain more validity.
2. 10/22/14 White wheat production was reduced to its lowest level since 1991 on the latest USDA supply and demand report and ending stocks were cut 15 million bushels to 37 million.  Milling quality wheat is in even smaller supply than that though with high proteins this year on top of a sizable amount of rain damaged wheat in Southern Idaho.
3.12/3/14 South America is producing a large wheat crop this year however recent rains may have compromised milling quality.  Just how much wheat was affected and to what degree isn't known yet however last year Brazil was the number one customer for U.S. wheat as Argentina had a very small crop.  Quality needs may force them to buy more U.S. wheat again this year than had been estimated previously.

4. 12/3/14 Australia downgraded their projected wheat production to 23.2 million metric tons, the USDA has them at 24 MMT.  Further declines are likely however not to levels that will cause any widespread market concern at this point.
5. 11/11/14 Rail freight prices have continued their decline which has placed pressure on the high basis levels we've been enjoying lately for HRW and DNS.

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

My LDP
 
Chg Zip: 
County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

Make us your homepage
 
Follow the steps below to make Northwest Grain Growers automatically appear when you launch your browser and when you click the Home button:
  • Open the Edit menu and choose Preferences.
  • Select the Navigator category.
  • Choose Home page under Navigator starts with.
  • In the Home page section, type
    http://www.nwgrgr.com
    in the Location box.
  • Click the OK button.


DTN Ag Headline News
The Market's Fine Print
Water-Quality Trading Touted
Senate Passes Tax Extenders
Amazon Deforestation and Ag - 1
Global Fertilizer Outlook - 3
Todd's Take
Land Market
Crop Tech Corner
Ag Groups Mixed on Omnibus

Headline News
Congress Renews Tax Breaks 12/17 06:15
Devastation at Pakistan Massacre Site 12/17 06:22
Fed Ponders Change in Rate Hike Signals12/17 06:11
Afghan Insurgents Storm Bank, Kill 10 12/17 06:18
Merkel Calls Putin Over Ukraine 12/17 06:21
Palestinians to Submit Draft for Vote 12/17 06:14
EU Court Takes Hamas Off Terrorist List12/17 06:17
Stocks Gain on Fed, Oil 12/17 16:16

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN