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

Phone: 800-994-4290 Monday, February 6, 2012
 
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Local Cash Bids
 
  Feb. Mar. April July/Aug 12
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 PREM. Cash Price    
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Price as of 02/06/12 10:34AM CST.
Month Symbols
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Bid Notes

Prices Updated  Friday 2:30pm

BIDS ARE SUBJECT TO CHANGE AT ANY TIME

NWGG buying hours:  Soft White & Barley - 8:30 am to 11:30 am and 2:30pm to 4:30pm

Hard Red Winter & Dark Northern Spring - 8:30am to 11:00 am

2012 RP Base Price = $8.05/bu. Portland

Soft White vs. SRW Basis = $.39

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

11.5% HRW Scales:  +.25/-.35 ea. 1/2% from 11.5%

2011 Barge and Rail/Truck fuel surcharges have been capped at 30% to our members. 

Please see our Pre-Harvest Newsletter for more information. 
Barge Fuel Surcharge: 
February 27% = $.057/bu. (acutal 27%, capped by NWGG at 30%)
March 28% = $.058/bu. ( actual 28%, capped by NWGG at 30%)

Country Elevator Fuel Surcharge:
February 28% = $.034/bu. (actual 28%, capped by NWGG at 30%)

NWGG updates SWW and Barley prices twice a day at approximately 8:30 am and 2:30 pm.DNS and HRW cash prices update every ten minutes using the 10 minute delayed futures price.  The red wheat markets close at 11:00 am. 
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Time More
Mar 12 660'4 667'0 656'2 666'0 5'2 10:23A
May 12 674'0 679'6 669'4 678'6 4'6 10:23A
Jul 12 686'6 694'0 684'0 692'6 3'6 10:23A
Sep 12 702'0 708'6 702'0 708'4 2'4 10:23A
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Time More
Mar 12 712'0 719'2 709'4 718'4 5'6 10:23A
May 12 720'0 727'0 719'4 726'2 5'0 10:23A
Jul 12 728'6 735'4 727'0 734'4 5'0 10:23A
Sep 12 736'0 746'2 736'0 746'2 5'4 10:23A
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Time More
Mar 12 836'0 843'6 835'0 843'0 4'4 10:23A
May 12 824'0 829'6 824'0 829'0 2'6 10:23A
Jul 12 813'0 816'6 812'4 816'6 3'2 10:23A
Sep 12 785'2 791'6 785'0 791'6 5'4 10:23A
@C - CORN - CBOT
Month Open High Low Last Change Time More
Mar 12 641'0 648'4 639'2 643'6 -0'6 10:23A
May 12 647'2 654'4 645'6 650'6 0'0 10:23A
Jul 12 651'4 659'2 650'2 655'4 0'0 10:23A
@S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Mar 12 1230'6 1244'0 1230'6 1240'4 8'0 10:23A
May 12 1239'2 1252'2 1239'0 1248'6 8'0 10:23A
Jul 12 1248'0 1261'6 1248'0 1257'6 7'4 10:23A
@DX - Not Authorized - ICEFU
Month Open High Low Last Change Time More
Mar 12
Jun 12
Sep 12
My Custom Markets
Symbol Open High Low Last Change Time More

DTN Ag Headline News
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An Urban's Rural View
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Farm Bill Hearings Planned
Sanow's Market Sense

Headline News
Syrian Forces Continue to Attack City 02/06 07:15
Greek Talks for Debt Deal Continue 02/06 07:22
Romney Tops NV Vote Count With 50% 02/06 07:08
Obama: US Has 'Very Good' Iran Intel. 02/06 07:03
Palestinians Move Toward End of Rift 02/06 07:17
Ambassador:Egypt Must Release Americans02/06 07:10
Putin Promises Bigger Say in Politics 02/06 07:24
Stocks Open Lower on Greek Talks 02/06 09:27


Announcements
Walla Walla Community College & Northwest Grain Growers Present:

Precision in Agriculture

 
A Northwest Grain Growers grant has provided Walla Walla Community College with funding to provide the producers in Southeast Washington with one location over two days to help in their understanding of how precision equipment can be utilized on their farm and benefit their bottom line.
 
Presenters representing products used in the area will be:
Ag Leader, Case IH, John Deere, Raven, Top Con and Trimble.
 
RSVP: Denise Marr, WWCC Foundation Office:  509.527.4275 - Email: denise.marr@wwcc.edu

Click Here for Additional Details


The Blue Mountain Community Foundation is now taking applications for the Northwest Grain Growers Robert Abbey Memorial Fund – for graduates of Walla Walla, Waitsburg, Prescott, Touchet, DeSales and McLoughlin High Schools and Walla Walla Valley Academy who are members, children of members or children of employees of Northwest Grain Growers, Inc. These scholarships are four-year scholarships of $1,000 per year and require that college students maintain a 2.75 gpa and be enrolled full-time. At large candidates who are graduating high school seniors or currently attending college may apply for one-year scholarships. Scholarships are based on merit. Click on the Scholarship button on the the left hand menu bar for the application and more information. Applications must be turned into the BMCF by March 1, 2012.


We have added the ability for you to receive our website bids by text message and/or email.  These messages will be automatically generated and sent to you from our webpage at 9am and 3pm Monday through Friday.  You can get started going to the box below for DTN Text Messaging and clicking on the button on the bottom of the window requesting username and password.  You will determine your own user name and password and then just finish filling in the blanks.  Please be aware that if you select the box to receive text messages, you will be subject to text message charges from your cell phone provider.  If you have any questions, please call the main office. 
 

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Daily Commentary
2/3/12 - MOSCOW, Feb 3 (Reuters) - Russia's government sees no need for grain export restrictions in April, it said on its website on Friday, citing Russia's first deputy prime minister in charge of agriculture, Viktor Zubkov. "Given a revised harvest figure of 93.9 million tonnes ... the forecast for grain exports in the 2011/12 crop year has been raised to 27 million tonnes," Zubkov was quoted as saying in the statement.

The Weekly Top Five
These are the 5 biggest issues that NWGG feel are affecting today markets and items to watch for as we progress through the year.     
1.  SWW crop was very big in the Pacific Northwest this year.  USDA is estimating that U.S. sww carryover will be over 100 million bushels, over 33% of a normal crop.  SWW will need to find non-routine demand.  Where will demand come from outside of our routine Asian customers (see #3 below)?  SWW is attracting some export demand to be used as feed wheat in Asia. 
2. The 2011 U.S. corn crop was a major disappointment.  Trendline yields were to much to ask for after late seeding and a dry summer.  Soft wheat is currently priced as feed, so any movement (higher/lower) in the corn market will help determine soft wheat values. 
3.  Russia and the Ukraine have decided to lift their export ban on wheat and have been very aggressive sellers this fall.  When will they run out of wheat?
4.  South American weather has been dry so far.  With corn pollination starting after the first of the year, rain will be needed sooner than later.  World corn stocks are very tight and any reduction in yields should lead to higher feed prices.  However, this is a weather market and if it rains watch out below. 
5.  Outside economic influences may have the last word.  The U.S. dollar, crude oil, gold, and the stock market all seem to play an important role in Ag. prices now more than ever.  Index and hedge funds have placed a lot of money in the Ag. futures as investors have looked for alternative places to put their money.  A better/worse economic outlook will determine whether more/less money is invested in the Ag. sector. 

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 30oF Feels Like: 25oF
Humid: 85% Dew Pt: 26oF
Barom: 30.29 Wind Dir: WSW
Cond: N/A Wind Spd: 5 mph
Sunrise: 7:09 Sunset: 5:05
As reported at WALLA WALLA, WA at 8:00 AM
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Local Forecast
Walla Walla, WA
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High: 42°F
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Precip: 0%
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Local Radar
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My LDP
 
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County LDP
USDA has adjusted the calculations of LDP data.
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