850 N 4TH AVE. * WALLA WALLA, WA  99362
Walla Walla Office (509) 525-6510
Dayton Office (509) 382-2571
FAX (509) 529-6050

Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm

 

Phone: 800-994-4290 Friday, December 15, 2017
 
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Local Cash Bids
 
  December January February July/August NC
Delivered Coast SWW Cash Price
  Chart Chart Chart Chart
BARLEY Cash Price    
  Chart Chart
14% DNS Cash Price  
  Chart Chart Chart
11.5% HRW Cash Price  
  Chart Chart Chart
CANOLA Cash Price    
  Chart Chart
Price as of 12/15/17 10:03AM CST.
Month Symbols
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Bid Notes

Prices Updated Thursday 2:30 p.m.

BIDS ARE SUBJECT TO CHANGE AT ANY TIME.
REMINDER PRICES ARE NOW DELIVERED COAST
RED WHEAT MARKETS ARE MORNING ONLY
Buying Hours: Monday - Thursday 8:30am - 11:00am and 2:30pm - 4:30pm
Friday 8:30am - 11:00am and no afternoon market


Club Wheat Premium: +.05 max 12.0% protein

2016 SWH vs. SRW Futures Basis = $1.05/bu. SRW March 2018 futures

New Crop SWH bids are for Max 10.5% Protein Market Scales Time of Delivery 

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

11.5% HRW Scales:  +.15/-.30 ea. 1/2% from 11.5%, 13% max

2018 Winter Wheat RP Base Price = $5.92/bu. Portland


Barge Fuel Surcharge:

December -3.0% = -$.01/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
December 17% = $.02/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 18 418'6 421'4 418'0 419'0 0'6 418'2 09:51A Chart for @W8H Options for @W8H
May 18 431'2 433'6 430'2 431'0 0'2 430'6 09:51A Chart for @W8K Options for @W8K
Jul 18 444'0 446'2 443'0 443'6 0'2 443'4 09:51A Chart for @W8N Options for @W8N
Sep 18 458'0 459'0 456'6 457'0 -0'2 457'2 09:51A Chart for @W8U Options for @W8U
Dec 18 476'6 477'0 474'6 475'2 -0'2 475'4 09:51A Chart for @W8Z Options for @W8Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 18 418'2 421'0 417'6 418'4 0'2 418'2 09:51A Chart for @KW8H Options for @KW8H
May 18 431'4 433'6 430'4 431'2 0'0 431'2 09:51A Chart for @KW8K Options for @KW8K
Jul 18 447'6 449'4 446'4 447'2 -0'2 447'4 09:51A Chart for @KW8N Options for @KW8N
Sep 18 464'0 464'0 461'4 462'0 -0'4 462'4 09:51A Chart for @KW8U Options for @KW8U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 18 617'0 621'6 617'0 619'6 2'6 617'0 09:51A Chart for @MW8H Options for @MW8H
May 18 626'0 629'4 626'0 627'4 3'0 624'4 09:51A Chart for @MW8K Options for @MW8K
Jul 18 631'6 632'6 630'4 631'2 2'4 628'6 09:51A Chart for @MW8N Options for @MW8N
Sep 18 624'0 627'6 622'4 627'4 4'4 623'0 09:50A Chart for @MW8U Options for @MW8U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 18 348'6 350'6 347'4 347'6 -0'6 348'4 09:51A Chart for @C8H Options for @C8H
May 18 357'0 359'0 355'6 356'2 -0'4 356'6 09:51A Chart for @C8K Options for @C8K
Jul 18 365'2 367'2 364'0 364'2 -0'6 365'0 09:51A Chart for @C8N Options for @C8N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 18 968'0 972'2 966'0 969'6 2'0 967'6 09:51A Chart for @S8F Options for @S8F
Mar 18 978'6 983'2 977'2 981'0 2'2 978'6 09:51A Chart for @S8H Options for @S8H
May 18 990'4 994'2 988'4 992'0 2'2 989'6 09:51A Chart for @S8K Options for @S8K
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 30oF Feels Like: 30oF
Humid: 88% Dew Pt: 27oF
Barom: 30.27 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 7:28 Sunset: 4:08
As reported at WALLA WALLA, WA at 7:00 AM
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Local Forecast
Walla Walla, WA
Chg Zip:

Friday

Saturday

Sunday

Monday

Tuesday
High: 35°F
Low: 28°F
Precip: 80%
High: 35°F
Low: 32°F
Precip: 71%
High: 44°F
Low: 33°F
Precip: 53%
High: 44°F
Low: 41°F
Precip: 53%
High: 45°F
Low: 41°F
Precip: 31%
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Walla Walla, WA
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Announcements

“The Farm Service Agency (FSA) deadline for 2018 acreage reporting for fall seeded crops  is Friday, December 15, 2017. Please call your local FSA office to make an appointment.  Any appointments made after the December 15, 2017 deadline will be subject to a late file fee per farm number.”
 

Kelley Betts
County Executive Director

Email: kelley.betts@wa.usda.gov
 
Walla Walla County Farm Service Agency
325 N. 13th St.
Walla Walla, WA 99362
Phone: (509) 522-6340 ext. 102
 
Columbia County Farm Service Agency
531 Cameron St.
Dayton, WA 99328
Phone: (509) 382- 2421 ext. 102

 

You can find a copy of the 2017 Annual Meeting newsletter under Newsletters on the left hand menu bar.

 

2017 Off Coast By Location

 

2017 Crops Received by Elevator


 

Daily Commentary

12/12/17  USDA supply and demand report out at 9:00, local market sometime after that.

U.S. wheat ending stocks raised 25 million bushels from last month, world wheat ending stocks increased just under a million metric tons.  U.S. corn ending stocks were reduced 50 million bushels.  


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: 12/14/17  ABARE in Australia revised their wheat production estimate down to 20.3 million metric tons from 21.64 mmt in September, the USDA did not update their production number this month leaving it at 21.5 mmt.  A much larger revision lower would be required to move wheat prices significantly higher at this point.  Heavy rains in the south eastern part of the country probably damaged some wheat but it's too early to estimate the amount of production that has been affected.  Australian wheat harvest is about 80% complete at this point
2: 12/14/17  The USDA raised projected U.S. wheat ending stocks by 25 million bushels this month and world stocks by 900k metric tons.
3:  12/14/17  White wheat ending stocks were trimmed 2 million bushels to a projected 65 million bushels.  Export projections remain a lofty 210 million bushels which will be difficult to achieve unless sales increase above the current pace.
4:  12/14/17  Speculators have a large short position in wheat futures,it is well off the record short position that they had earlier this year but could provide fuel for a decent short covering rally if a story comes along to spark it.  
5:  12/14/17  The next major USDA reports are out on January 12th with the regular supply and demand report along with quarterly stocks and winter wheat planted acreage.

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