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 Friday, October 24, 2014
 
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Local Cash Bids
 
  October November December January July/Aug 15
Walla Walla SOFT WHITE WHEAT 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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CLUB PREMIUM Cash Price        
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CANOLA Cash Price        
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Price as of 10/24/14 07:41AM CDT.
Month Symbols
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Bid Notes

Prices Updated Thursday 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 Dec. Futures Basis = $1.60/bu.

14% DNS Scales:  +.20/-.30 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:
October 30% = $.066/bu.
November 23% = $.05/bu.

Country Elevator Fuel Surcharge:
October 29% = $.035/bu.
November 27% = $.032/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 525'4 536'0 525'2 535'4 8'6 526'6 07:31A Chart for @W4Z Options for @W4Z
Mar 15 539'2 549'4 538'6 548'2 8'0 540'2 07:31A Chart for @W5H Options for @W5H
May 15 548'0 557'0 548'0 556'4 8'4 548'0 07:31A Chart for @W5K Options for @W5K
Jul 15 554'0 563'6 554'0 563'2 8'0 555'2 07:30A Chart for @W5N Options for @W5N
Sep 15 565'0 572'6 565'0 572'6 8'0 564'6 07:30A Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 603'6 612'6 602'6 611'4 6'2 605'2 07:31A Chart for @KW4Z Options for @KW4Z
Mar 15 607'2 614'6 605'2 613'2 5'4 607'6 07:31A Chart for @KW5H Options for @KW5H
May 15 607'0 614'0 607'0 613'0 5'6 607'2 07:31A Chart for @KW5K Options for @KW5K
Jul 15 600'0 607'0 600'0 605'0 5'0 600'0 07:31A Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 571'0 579'0 569'4 578'2 7'2 571'0 07:31A Chart for @MW4Z Options for @MW4Z
Mar 15 579'4 587'6 579'4 587'0 6'6 580'2 07:30A Chart for @MW5H Options for @MW5H
May 15 589'0 595'4 589'0 595'4 7'6 587'6 07:29A Chart for @MW5K Options for @MW5K
Jul 15 596'2 595'4 Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 359'2 365'0 358'6 364'0 4'2 359'6 07:31A Chart for @C4Z Options for @C4Z
Mar 15 372'6 378'4 372'4 377'6 4'2 373'4 07:31A Chart for @C5H Options for @C5H
May 15 380'6 387'0 380'6 386'0 4'0 382'0 07:31A Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 991'4 1002'0 990'6 1000'4 7'2 993'2 07:31A Chart for @S4X Options for @S4X
Jan 15 998'0 1008'6 997'4 1007'2 7'2 1000'0 07:30A Chart for @S5F Options for @S5F
Mar 15 1004'2 1015'4 1004'0 1013'4 7'0 1006'4 07:31A Chart for @S5H Options for @S5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 52oF Feels Like: 52oF
Humid: 77% Dew Pt: 45oF
Barom: 30.04 Wind Dir: E
Cond: N/A Wind Spd: 5 mph
Sunrise: 7:22 Sunset: 5:51
As reported at WALLA WALLA, WA at 5:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Friday

Saturday

Sunday

Monday

Tuesday
High: 61°F
Low: 49°F
Precip: 66%
High: 64°F
Low: 46°F
Precip: 30%
High: 55°F
Low: 48°F
Precip: 73%
High: 57°F
Low: 44°F
Precip: 0%
High: 60°F
Low: 43°F
Precip: 60%
View complete Local Weather

Local Radar
Walla Walla, WA
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Radar
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Announcements

Click on the links below for fall plant news and prices:

Click Here for 2014 Fall Seed Newsletter

Click Here for 2014 NWGG Variety Trial Data

Click Here for 2014 Fall Seed Prices

 

  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

10/23/14 -  Export sales of wheat weren't very exciting at only 11 million bushels but it's only 1 million bushels below what we need to average to meet USDA projections.  Corn and soybean sales were outstanding though and it seems like that's what the market is focusing on this morning as grain futures are rallying in Chicago.  White wheat sales of 1.7 million were plenty for this small crop year.


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. 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.
2. 10/22/14 Corn and soybean harvest progress has lagged the average pace however not enough to be concerning.  In fact huge crops tend to lag the pace as 2009 did the last time new yield records were set.  Next USDA monthly supply and demand report  will be released on November 10, 2014.   
3.10/22/14 The world grew an ample wheat crop this year however projected ending stocks have been reduced for the first time in several months on the last USDA world supply and demand report.  
4. 10/22/14 Rail freight prices have begun to ease from their late summer highs even as corn and soybean harvest is in full swing.  It seems that we may not return to the record freight prices of last year barring a nasty winter which means that our high basis levels for HRW and DNS may be under pressure as freight prices decline.

5. 10/22/14 Australia is nearing harvest and additional moisture will probably not help their crops at this point.  The last month and a half has been very dry in Eastern Australia cutting their production potential.  The USDA is estimating 25 million metric tons of production however most private estimates put it closer to 21-22 MMT, still plenty but not burdensome.
 

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