850 N 4TH AVE. * WALLA WALLA, WA  99362
Walla Walla Office (509) 525-6510
Dayton Office (509) 382-2571
St. John Office (509) 648-3316
FAX (509) 529-6050

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

 

Phone: 800-994-4290 Thursday, June 21, 2018
 
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Local Cash Bids
 
  June July August September Jan. 19
Delivered Coast SWW 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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CANOLA Cash Price  
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Price as of 06/21/18 01:48AM CDT.
Month Symbols
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Bid Notes

Prices Updated Wednesday 2:30pm

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: +.00 max 12.0% protein

Old Crop 2018 SWH vs. SRW Futures Basis = $1.01/bu. SRW Sept 2018 futures

New Crop 2018 SWH vs. SRW Futures Basis = $1.01/bu. SRW Sept 2018 futures

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

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

11.5% HRW Scales:  +.10/-.20 ea. 1/2% from 11.5%, 13% max

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

2018 Spring Wheat RP Base Price = $6.30/bu. MGE
Barge Fuel Surcharge:
June -.9% = -$.003/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
June 19% = $.023/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 18 490'6 492'4 482'2 483'0 -5'2 488'2 01:36A Chart for @W8N Options for @W8N
Sep 18 500'6 503'4 493'0 493'6 -5'4 499'2 01:36A Chart for @W8U Options for @W8U
Dec 18 515'0 520'2 511'0 511'6 -5'2 517'0 01:36A Chart for @W8Z Options for @W8Z
Mar 19 536'4 536'6 528'4 528'4 -5'4 534'0 01:36A Chart for @W9H Options for @W9H
May 19 548'4 548'4 539'4 539'4 -6'0 545'4 01:36A Chart for @W9K Options for @W9K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 18 489'4 491'0 482'0 482'2 -6'4 488'6 01:36A Chart for @KW8N Options for @KW8N
Sep 18 506'6 508'0 499'0 499'0 -6'6 505'6 01:36A Chart for @KW8U Options for @KW8U
Dec 18 528'0 531'0 522'0 522'0 -6'4 528'4 01:36A Chart for @KW8Z Options for @KW8Z
Mar 19 545'2 548'0 539'2 539'2 -6'2 545'4 01:36A Chart for @KW9H Options for @KW9H
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Jul 18 552'6 555'0 552'0 552'4 -0'2 552'6 01:35A Chart for @MW8N Options for @MW8N
Sep 18 564'2 566'4 562'2 562'2 -1'0 563'2 01:35A Chart for @MW8U Options for @MW8U
Dec 18 580'0 580'4 576'6 576'6 -1'0 577'6 01:35A Chart for @MW8Z Options for @MW8Z
Mar 19 591'0 598'6 589'0 593'2 2'0 592'4s 01:35A Chart for @MW9H Options for @MW9H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 18 354'2 354'4 349'2 351'2 -3'0 354'2 01:38A Chart for @C8N Options for @C8N
Sep 18 363'6 364'0 358'6 360'6 -3'0 363'6 01:38A Chart for @C8U Options for @C8U
Dec 18 375'4 376'0 371'0 373'0 -2'6 375'6 01:38A Chart for @C8Z Options for @C8Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 18 889'4 891'2 879'2 881'2 -8'2 889'4 01:38A Chart for @S8N Options for @S8N
Aug 18 895'2 896'4 885'0 886'4 -8'0 894'4 01:38A Chart for @S8Q Options for @S8Q
Sep 18 900'4 901'6 890'2 892'0 -8'2 900'2 01:38A Chart for @S8U Options for @S8U
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 77oF Feels Like: 77oF
Humid: 48% Dew Pt: 56oF
Barom: 29.86 Wind Dir: S
Cond: N/A Wind Spd: 6 mph
Sunrise: 5:01 Sunset: 8:48
As reported at WALLA WALLA, WA at 11:00 PM
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Local Forecast
Walla Walla, WA
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Thursday

Friday

Saturday

Sunday

Monday
High: 88°F
Low: 66°F
Precip: 55%
High: 87°F
Low: 64°F
Precip: 0%
High: 82°F
Low: 59°F
Precip: 0%
High: 91°F
Low: 59°F
Precip: 0%
High: 84°F
Low: 67°F
Precip: 0%
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Walla Walla, WA
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Announcements

NWGG Field Days Schedule
NWGG/WSU/OSU Lower Rainfall Plot Tour in Eureka
Monday June 18, 2018 @ 3pm

NWGG/WSU/OSU High Rainfall Plot Tour in Walla Walla
Wednesday June 20, 2018 @ 1pm
NWGG will host a short marketing meeting and lunch at the Walla Walla Fairgrounds starting at 11am on June 20th before the Walla Walla tour

NWGG/WSU/OSU Dayton Plot Tour
Friday June 22, 2018 @ 8am

Map pins for all three plots can be found at:

http://smallgrains.wsu.edu/variety/2018-location-maps/


 

 


A reminder from your local FSA offices:
“The Farm Service Agency (FSA) deadline for 2018 acreage reporting for spring seeded crops  is Monday, July 16, 2018. Please call your local FSA office to make an appointment.  Any appointments made after the July 16, 2018 deadline will be subject to a late file fee per farm number.”
`
Kelley Betts
County Executive Director
Email: kelley.betts@wa.usda.gov
 

Daily Commentary

6/20/18 - Futures markets have stabilized this morning after the big selloff yesterday caused by Trump's announcement of another $200 billion in tariffs against Chinese goods. U.S. corn and soybean weather has been fantastic and crop conditions are at some of their highest levels ever seen.  30 day forecasts are still showing hot and dry. Most of the corn will pollinate the last two weeks of July so there is still an opportunity for production risk.  Black Sea and Australia still struggling with some dry areas, but right now geopolitical risks overwhelming the market.  


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: 6/1/18  Black Sea winter wheat areas are drier than normal which raises concern about Russia's production potential this year.  If drought develops in the area world wheat exports would certainly be affected as Russia is the number one wheat exporter in the world right now.  Spring wheat acreage in Russia may fall below projections as it has been very wet in Siberia which could also impact Russian production this year.
2: 6/1/18  The corn crop in the U.S. is off to a very good start as plantings have caught up to average pace and the first crop condition ratings of the year were among the best in 20 years.  The only remaining question is acreage which the USDA will put out their planted acres report on June 29th.
3: 6/1/18  Chicago wheat futures have been in an uptrend since the first of the year, albeit a volatile one.  There have been several price spikes and selloffs with each selloff settling a bit higher than the previous one.  Each spike has provided a favorable opportunity to price new crop bushels and producers should continue to take advantage of the rallies.
4: 6/1/18  Conditions for the rest of the spring in Russia and then pollination for the U.S. corn crop are the two significant weather related items on the radar at the moment.  Australia has been very dry as well but looks to see some rain next week and has a long way to go to see what kind of a crop they'll end up with.
5: 6/1/18 The next USDA supply and demand report is on June 12th but the stocks and acreage report on June 29th will be more important.

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