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, May 4, 2016
 
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Local Cash Bids
 
  May June Jul/Aug
Delivered Coast SOFT WHITE WHEAT Cash Price
  Chart Chart Chart
BARLEY Cash Price    
  Chart
14% DNS Cash Price
  Chart Chart Chart
11.5% HRW Cash Price
  Chart Chart Chart
Price as of 05/04/16 04:12PM CDT.
Month Symbols
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Bid Notes

Prices Updated Wednesday 8:30 am
BIDS ARE SUBJECT TO CHANGE AT ANY TIME.

REMINDER PRICES ARE NOW DELIVERED COAST 


2015 SWW LOW PROTEIN PREMIUMS (DLVD JULY-AUGUST 2015)
10.5-10.1%   +0.25
10.0-9.6%     +0.40
9.5-9.1%       +0.55
9.0-8.6%       +0.70
8.5-8.1%       +0.85
8.0 and less  +1.00


2016 New Crop SWH bids are for ordinary protein.  Guaranteed Max 10.5% protein +$.15 premium

Club Premium: Under 12% protein +0.20 , 12% and over +0.00

2015 Soft White vs. SRW Futures Basis = $.45/bu. 

2016 New Crop SWH vs. SRW Futures Basis = $.30/bu. SRW Sept 2016 futures

2016 Winter Wheat RP Current Base Price = $5.63/bu. Portland

14% DNS Scales:  +.04/-.08 ea. 1/4 from 14%, 16% max, 12% min

11.5% HRW Scales:  +.03/-.06 ea. 1/2% from 11.5%, 13% max, 9.5% min

Barge Fuel Surcharge:
April -9.5% = $.031/bu. (negative means you get a credit back)
May -9.1% = $.03/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
April 10% = $.012/bu.
May 11% = $.013/bu.


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 16 460'6 465'2 460'0 460'0 0'6 460'4s 01:30P Chart for @W6K Options for @W6K
Jul 16 470'6 476'4 468'6 470'4 0'4 471'2s 03:20P Chart for @W6N Options for @W6N
Sep 16 481'2 486'4 479'6 481'0 0'2 481'4s 01:30P Chart for @W6U Options for @W6U
Dec 16 498'6 504'2 497'6 498'0 0'0 498'6s 01:30P Chart for @W6Z Options for @W6Z
Mar 17 516'6 521'0 514'4 515'2 -0'2 515'2s 01:30P Chart for @W7H Options for @W7H
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 16 448'0 2'0 444'0s 01:30P Chart for @KW6K Options for @KW6K
Jul 16 456'2 462'2 455'0 457'2 2'0 457'6s 03:06P Chart for @KW6N Options for @KW6N
Sep 16 472'0 478'6 471'4 473'4 2'2 474'4s 01:30P Chart for @KW6U Options for @KW6U
Dec 16 496'4 503'4 496'2 498'4 2'6 499'4s 02:30P Chart for @KW6Z Options for @KW6Z
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 16 535'0 0'4 534'6s 01:31P Chart for @MW6K Options for @MW6K
Jul 16 536'4 543'4 536'2 540'2 4'6 541'0s 03:58P Chart for @MW6N Options for @MW6N
Sep 16 545'6 550'4 544'2 546'6 2'4 546'6s 03:39P Chart for @MW6U Options for @MW6U
Dec 16 556'0 560'4 555'2 557'2 2'2 557'0s 03:38P Chart for @MW6Z Options for @MW6Z
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 16 376'4 377'4 372'4 373'0 -5'0 373'2s 03:59P Chart for @C6K Options for @C6K
Jul 16 379'6 382'0 376'2 376'2 -3'0 376'6s 03:54P Chart for @C6N Options for @C6N
Sep 16 381'4 383'6 378'4 378'4 -2'4 379'0s 03:50P Chart for @C6U Options for @C6U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 16 1017'0 1036'0 1012'6 1026'6 3'0 1024'4s 01:30P Chart for @S6K Options for @S6K
Jul 16 1027'0 1045'6 1022'0 1036'0 4'0 1034'0s 03:39P Chart for @S6N Options for @S6N
Aug 16 1028'4 1047'2 1024'4 1037'6 4'0 1036'0s 01:30P Chart for @S6Q Options for @S6Q
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 79oF Feels Like: 79oF
Humid: 38% Dew Pt: 51oF
Barom: 29.86 Wind Dir: NW
Cond: N/A Wind Spd: 8 mph
Sunrise: 5:33 Sunset: 8:05
As reported at WALLA WALLA, WA at 1:00 PM
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Local Forecast
Walla Walla, WA
Chg Zip:

Wednesday

Thursday

Friday

Saturday

Sunday
High: 80°F
Low: 57°F
Precip: 20%
High: 74°F
Low: 56°F
Precip: 47%
High: 79°F
Low: 54°F
Precip: 0%
High: 83°F
Low: 58°F
Precip: 0%
High: 83°F
Low: 60°F
Precip: 0%
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Local Radar
Walla Walla, WA
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Radar
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Announcements

I would like to personally welcome all of the Columbia County members to our new company.
 May 1, 2016 was the effective date of the merger.  The staff is busy transferring records and balancing our books.  In the mean time if you have any questions, please don't hesitate to call Mitch or myself.  Thank you, Chris.


The seed plant will be open on Saturday from 8:00 am to 2:00 pm

 

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

5/4/16 - Much quieter today as the wheat market is trading nearly unchanged after trading a few cents higher early this morning.  The dollar index is higher and may be confirming yesterday's reversal.  The Kansas wheat tour saw yields on day one average 47.2 bpa versus last year's 34.3 bpa.


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. 4/4/16  The USDA put all wheat acreage 49.6 million after a larger than expected cut to spring wheat acres was revealed on the Prospective Plantings report.  This would be the lowest wheat acreage since 1970.
2. 4/4/16 The International Grains Council cut their global wheat production projection by 30 million metric tons this year versus last year which will help reduce burensome supplies.
3. 4/4/16  India left their wheat import tax in place at the end of March which is a disappointing signal to those looking for India to be a large wheat importer this year as production expectations have been cut due to poor weather.
4. 4/4/16  The freeze damage to the winter wheat crop is still being assesed in the Southern Plains but the market isn't too concerned about it right now.  The general consensus at the moment is that not enough wheat was in an advanced enough state to cause widespread damage.  Dry weather is quickly becoming a larger concern in the western end of the Plains.
5.  2/22/16 Old crop world wheat supplies are more than ample this year after the world produced
 its third record crop in a row.  Some major weather development will be needed this year in order to improve the outlook for prices.

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USDA Weekly Crop Progress
2016 HRW Wheat Tour Preview

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