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 Monday, September 15, 2014
 
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Local Cash Bids
 
  September October November December January July/Aug 15
Walla Walla SOFT WHITE WHEAT Cash Price
  Chart Chart Chart Chart Chart Chart
BARLEY Cash Price        
  Chart Chart
14% DNS Cash Price  
  Chart Chart Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart Chart Chart
CLUB PREMIUM Cash Price          
  Chart
CANOLA Cash Price          
  Chart
Price as of 09/15/14 04:27AM CDT.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 a.m.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

2014 Winter Wheat RP Base Price = $6.72/bu. Portland

2014 Spring Wheat RP Base Price = $7.54/bu. Portland

2014 Final RP Harvest Price = $6.86/bu. Portland

2015 Estimated RP Base Price = $6.25/bu. Portland


Soft White vs. SRW Dec. Futures Basis = $1.75/bu.

14% DNS Scales:  +.30/-.50 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:
September 27% = $.059/bu.

Country Elevator Fuel Surcharge:
September 28% = $.034/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 501'4 502'2 497'0 498'4 -4'0 502'4 04:16A Chart for @W4Z Options for @W4Z
Mar 15 520'0 520'0 515'0 516'6 -3'2 520'0 04:16A Chart for @W5H Options for @W5H
May 15 530'2 530'4 525'6 527'0 -3'6 530'6 04:16A Chart for @W5K Options for @W5K
Jul 15 537'0 538'0 533'6 535'4 -3'4 539'0 04:15A Chart for @W5N Options for @W5N
Sep 15 546'0 546'0 545'0 546'0 -4'0 550'0 04:16A Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 14 592'4 593'0 589'0 589'4 -3'6 593'2 04:16A Chart for @KW4Z Options for @KW4Z
Mar 15 601'4 601'4 597'4 598'4 -2'6 601'2 04:16A Chart for @KW5H Options for @KW5H
May 15 604'2 604'4 602'0 602'2 -3'6 606'0 04:16A Chart for @KW5K Options for @KW5K
Jul 15 595'0 595'4 593'0 594'0 -2'2 596'2 04:16A Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Dec 14 576'4 576'4 573'6 575'0 -3'0 578'0 04:16A Chart for @MW4Z Options for @MW4Z
Mar 15 593'4 593'4 590'0 590'0 -3'4 593'4 04:16A Chart for @MW5H Options for @MW5H
May 15 602'0 602'2 602'0 602'2 -3'0 605'2 04:16A Chart for @MW5K Options for @MW5K
Jul 15 614'0 614'0 614'0 614'0 8'2 605'6 04:16A Chart for @MW5N Options for @MW5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 337'0 337'4 335'6 336'4 -2'0 338'4 04:16A Chart for @C4Z Options for @C4Z
Mar 15 349'4 349'6 348'0 348'6 -2'2 351'0 04:16A Chart for @C5H Options for @C5H
May 15 358'0 358'0 356'2 357'0 -2'4 359'4 04:16A Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 976'6 984'4 974'2 982'0 -3'2 985'2 04:16A Chart for @S4X Options for @S4X
Jan 15 985'0 991'6 982'0 989'2 -3'2 992'4 04:16A Chart for @S5F Options for @S5F
Mar 15 991'0 998'2 988'0 994'6 -3'6 998'4 04:16A Chart for @S5H Options for @S5H
My Custom Markets
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Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 58oF Feels Like: 58oF
Humid: 38% Dew Pt: 32oF
Barom: 29.93 Wind Dir: ESE
Cond: N/A Wind Spd: 7 mph
Sunrise: 6:31 Sunset: 7:04
As reported at WALLA WALLA, WA at 2:00 AM
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Local Forecast
Walla Walla, WA
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Monday

Tuesday

Wednesday

Thursday

Friday
High: 91°F
Low: 54°F
Precip: 0%
High: 89°F
Low: 61°F
Precip: 0%
High: 87°F
Low: 63°F
Precip: 0%
High: 82°F
Low: 61°F
Precip: 20%
High: 81°F
Low: 58°F
Precip: 0%
View complete Local Weather

Local Radar
Walla Walla, WA
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Radar
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DTN Ag Headline News
Chlorpyrifos Ban Pursued
Farming on the Mother Road - 10
Senators Lament Rail Logjam
USDA Report Summary
Eleventh Hour RFS Campaigns
Farming on the Mother Road - 8
The Market's Fine Print
House Votes to Block WOTUS
House to Limit EPA on WOTUS

Headline News
WH Seeking Coalition in Mideast War 09/14 11:23
Crimea Votes for Legislature 09/14 11:18
Video Shows Slaying of UK Aid Worker 09/14 11:13
Residents Emerge in Ukranian City 09/14 11:26
Rights Group: Probe Iraqi Airstrike 09/14 11:22
Hurdles for 2nd Health Sign-Up Session 09/14 11:16
NKorea Gives American 6 Yrs Hard Labor 09/14 11:25
Stocks End the Week With a Loss 09/12 15:29


Announcements

NWGG Marketing Meeting
Tuesday Sept. 23, 2014
7:30am Main Office
USDA S&D updates, cash markets and 2015 crop insurance thoughts.

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

9/12/14 - No bounce back for wheat today as the relentless fund selling continues.  It seems the market is determined to probe below the $5 level in Chicago wheat futrues as both KC and Minneapolis have broken through $6 this week.  


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. 8/21/14 Heavy rains in southern Idaho have severely impacted crop quality in wheat and barley that had yet to be harvested, with some estimates saying up to 40% of the wheat crop wasn't harvested when the rains came.  This makes an already small SWW crop that much smaller.  Stocks of white wheat are looking to be extremely tight this year.
2.8/13/14 Harvest is probably around 75% done in the PNW. Crop is smaller than expected overall with proteins runnings higher than normal.  Basis levels remain at historically high levels for this time of year, or any time of year for that matter.

3. 8/13/2014 World wheat production is estimated at a massive 716 million metric tonnes. Western Europe is getting some rain which is turning some of their stocks into feed, but it still appears there will be plenty of wheat to compete with for exports.
4. 8/13/14 El Nino has not dried out Australia as predicted earlier this year.  Cold weather has damaged a small portion of their crop, but the next 60 days is the critical weather period in determining their overall crop size and should be watched closely. 
5. 8/12/14 Grain handlers and ILWU reach late night agreement.  A long running lockout marked by pickets and inspectors's safety concerns appears to have come to an end, following a tentative agreement reached late Monday between the ILWU and three Pacific Northwest grain handling companies.  


 

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