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, July 29, 2015
 
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Local Cash Bids
 
  July August September
Delivered Coast SOFT WHITE WHEAT Cash Price
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BARLEY Cash Price    
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14% DNS Cash Price
  Chart Chart Chart
11.5% HRW Cash Price
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CANOLA Cash Price    
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Price as of 07/29/15 10:59PM CDT.
Month Symbols
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Bid Notes

REMINDER PRICES ARE NOW DELIVERED COAST 

2015 SWW LOW PROTEIN PREMIUMS
10.5% MAX PROTEIN +25 CENTS
9.5% MAX PROTEIN +50 CENTS
CALL THE OFFICE FOR DETAILS


Club Premium: Call for info

Prices Updated Wednesday 2:30 pm


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 Sept Futures Basis = $0.65/bu.


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

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

Barge Fuel Surcharge:
July -2% = -$.007/bu. (negative means you get a credit back)


Country Elevator Fuel Surcharge:
July 20% = $.024/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 15 495'6 497'2 495'4 496'0 -0'2 496'2 10:41P Chart for @W5U Options for @W5U
Dec 15 505'2 506'0 504'2 505'0 -0'2 505'2 10:45P Chart for @W5Z Options for @W5Z
Mar 16 512'6 513'4 512'0 512'4 -0'4 513'0 10:45P Chart for @W6H Options for @W6H
May 16 518'2 518'2 518'0 518'0 0'2 517'6 10:41P Chart for @W6K Options for @W6K
Jul 16 522'2 522'2 521'6 521'6 0'4 521'2 10:41P Chart for @W6N Options for @W6N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 15 494'2 495'0 493'6 494'0 -1'2 495'2 10:42P Chart for @KW5U Options for @KW5U
Dec 15 514'0 514'2 513'4 513'4 -1'2 514'6 10:42P Chart for @KW5Z Options for @KW5Z
Mar 16 528'4 528'4 527'4 527'4 -1'4 529'0 10:42P Chart for @KW6H Options for @KW6H
May 16 538'2 538'2 538'2 538'2 -0'2 538'4 10:42P Chart for @KW6K Options for @KW6K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 15 529'0 530'0 529'0 530'0 0'4 529'4 10:41P Chart for @MW5U Options for @MW5U
Dec 15 546'4 547'2 546'0 546'0 -0'4 546'4 10:42P Chart for @MW5Z Options for @MW5Z
Mar 16 562'6 563'0 562'6 563'0 -0'2 563'2 10:42P Chart for @MW6H Options for @MW6H
May 16 574'2 574'2 574'2 574'2 0'0 574'2 10:42P Chart for @MW6K Options for @MW6K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 15 367'6 368'6 367'0 367'0 -0'6 367'6 10:47P Chart for @C5U Options for @C5U
Dec 15 378'2 379'0 377'4 377'6 -0'4 378'2 10:47P Chart for @C5Z Options for @C5Z
Mar 16 389'0 389'6 388'2 388'2 -0'6 389'0 10:47P Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 15 982'0 986'2 982'0 984'0 1'0 983'0 10:48P Chart for @S5Q Options for @S5Q
Sep 15 956'4 959'6 956'4 957'0 0'0 957'0 10:48P Chart for @S5U Options for @S5U
Nov 15 943'0 947'0 943'0 944'2 1'0 943'2 10:48P Chart for @S5X Options for @S5X
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 89oF Feels Like: 85oF
Humid: 16% Dew Pt: 38oF
Barom: 30.01 Wind Dir: SW
Cond: N/A Wind Spd: 5 mph
Sunrise: 5:33 Sunset: 8:26
As reported at WALLA WALLA, WA at 8:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Thursday

Friday

Saturday

Sunday

Monday
High: 102°F
Low: 66°F
Precip: 0%
High: 106°F
Low: 71°F
Precip: 0%
High: 104°F
Low: 75°F
Precip: 0%
High: 103°F
Low: 74°F
Precip: 0%
High: 102°F
Low: 74°F
Precip: 0%
View complete Local Weather

Local Radar
Walla Walla, WA
Chg Zip Code: 
 
Radar
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Announcements

OFF COAST PRICING

Changing to Delivered “Coast” Pricing – NWGG has been quoting grain prices to members as a “local” price delivered to Walla Walla. On the settlement we added a freight premium if the grain was delivered to a rail elevator or river terminal.  Starting July 1, 2015 we will start quoting grain prices delivered “coast”. All grain contracts and settlements will be done at “coast” price.  For a more detailed explanation please click on the newsletter below.

Click here for the Pre Harvest 2015 Newsletter


LIST OF CROPS RECEIVED BY ELEVATOR
CLICK HERE

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

7/29/15 -  The wheat/corn spread fell apart today after recovering slightly the last few days, meaning wheat futures lost more than corn today for the first time in 4 days.  Wheat prices fell 80 cents versus corn over the last month and the last few days saw some profit taking in that spread which helped lend support to wheat.  September wheat futures breached the $5 level in Chicago today and the next target would seem to be $4.88 which was the starting point of the rally in June.


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. 6/30/15 Speculators in Chicago have shifted from sell mode to buy mode in wheat futures as prices recently broke through technical resistance.
2. 6/30/15 Hot temperatures in the PNW are taking a toll on spring wheat conditions as the crop moves into a critical development stage.
3.6/30/15 Financial turmoil in Europe may cause the dollar to rise further against other world currencies which would further push U.S. wheat values above our export competitors.
4. 6/30/15 Rain in the Eastern corn belt is damaging corn, soybeans, and SRW.  The USDA planted acreage report showed a 300k acre decrease in corn plantings vs March expectations which lessens the margin of error for maintaining yields high enough to prevent significant tightening of the corn balance sheet.
5. 5/15/15 The USDA FAS office in Beijing cut their estimated Chinese wheat stocks to half of what the USDA is currently using on their World Agricultural Supply and Demand Estimates that come out monthly.  Not sure how that gets reconciled and it probably won't be adjusted into the official numbers but it's something to keep on the radar and keep an eye open for Chinese wheat buying this year.


 

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