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 Monday, August 20, 2018
 
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Local Cash Bids
 
  August September October November December Jan. 19
Delivered Coast SWW Cash Price
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BARLEY Cash Price        
  Chart Chart
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 08/20/18 12:15AM CDT.
Month Symbols
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Bid Notes

Prices Updated Friday 8:30 am

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

2018 SWH vs. SRW Futures Basis = $0.66bu. SRW Sept 2018 futures

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

14% DNS Scales:  +.02/-.04 ea. 1/4 from 14%, 16% max

11.5% HRW Scales:  +.05/-.10 ea. 1/2% from 11.5%, 13% max

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

2018 Spring Wheat RP Base Price = $6.30/bu. MGE
Barge Fuel Surcharge:
July 0% = -$.00/bu. (negative means you get a credit back)
August -1.2% = -$.004/bu. (negative means you get a credit back)

Country Elevator (truck/rail) Fuel Surcharge:
July 20% = $.024/bu.
August 20% = $.024/bu.
 


Futures
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 18 562'0 562'6 555'0 556'4 -4'0 560'4 12:03A Chart for @W8U Options for @W8U
Dec 18 581'6 582'4 575'0 576'4 -3'2 579'6 12:03A Chart for @W8Z Options for @W8Z
Mar 19 604'0 604'0 597'2 598'4 -3'0 601'4 12:03A Chart for @W9H Options for @W9H
May 19 612'6 613'4 607'2 608'0 -3'0 611'0 12:03A Chart for @W9K Options for @W9K
Jul 19 598'0 599'6 593'2 594'0 -2'6 596'6 12:03A Chart for @W9N Options for @W9N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 18 565'6 567'2 560'6 563'0 -2'0 565'0 12:03A Chart for @KW8U Options for @KW8U
Dec 18 593'0 594'2 588'4 590'2 -1'6 592'0 12:03A Chart for @KW8Z Options for @KW8Z
Mar 19 616'6 617'4 612'0 613'6 -2'0 615'6 12:03A Chart for @KW9H Options for @KW9H
May 19 627'4 628'0 624'2 625'2 -1'6 627'0 12:03A Chart for @KW9K Options for @KW9K
Jul 19 617'2 618'0 616'2 616'2 -0'6 617'0 12:03A Chart for @KW9N Options for @KW9N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 18 608'0 608'0 604'4 605'2 -3'2 608'4 12:03A Chart for @MW8U Options for @MW8U
Dec 18 625'0 626'0 621'4 623'0 -2'2 625'2 12:03A Chart for @MW8Z Options for @MW8Z
Mar 19 639'2 640'0 638'0 638'0 -2'2 640'2 12:03A Chart for @MW9H Options for @MW9H
May 19 636'6 652'4 636'6 650'0 11'6 648'2s 12:03A Chart for @MW9K Options for @MW9K
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 18 365'2 366'0 362'6 365'0 0'6 364'2 12:03A Chart for @C8U Options for @C8U
Dec 18 379'4 380'4 377'2 379'4 0'6 378'6 12:03A Chart for @C8Z Options for @C8Z
Mar 19 391'2 392'2 389'2 391'2 0'4 390'6 12:03A Chart for @C9H Options for @C9H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 18 889'6 896'0 883'2 892'4 11'0 881'4 12:04A Chart for @S8U Options for @S8U
Nov 18 900'2 907'0 893'4 902'6 10'0 892'6 12:04A Chart for @S8X Options for @S8X
Jan 19 913'2 919'0 906'0 915'4 10'4 905'0 12:04A Chart for @S9F Options for @S9F
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Walla Walla, WA
Chg Zip Code: 
Temp: 79oF Feels Like: 78oF
Humid: 30% Dew Pt: 45oF
Barom: 29.87 Wind Dir: SSE
Cond: N/A Wind Spd: 8 mph
Sunrise: 5:59 Sunset: 7:53
As reported at WALLA WALLA, WA at 9:00 PM
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Local Forecast
Walla Walla, WA
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Monday

Tuesday

Wednesday

Thursday

Friday
High: 91°F
Low: 65°F
Precip: 20%
High: 90°F
Low: 61°F
Precip: 0%
High: 93°F
Low: 65°F
Precip: 0%
High: 90°F
Low: 68°F
Precip: 0%
High: 83°F
Low: 61°F
Precip: 0%
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Walla Walla, WA
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Announcements

Crops Received at Elevators 2018 (click the link)

 


Daily Commentary

8/17/18 - Today was similar to what happened a couple of weeks ago with the Ukranian fake news except not to the same degree.  Overnight the Russian ag ministry discussed whether or not to limit exports of wheat once exports reached a certain level.  That set the markets off but we didn't see a trade to limit up as we did on the Ukranian headline.  The level that Russia was discussing is apparently 35 million metric tons which is what the USDA has down for them for exports anyway so this wouldn't be a limit that should affect the market, unless they change their minds of course.  It's just another example of the unease the market is feeling with this being the first year in the last 4 where wheat supplies are actually getting smaller instead of larger.


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: 8/1/15 Production cuts to European wheat have been driving wheat futures higher recently.  White wheat basis has fallen with the run up in futures as the crop in the PNW is exceeding yield expectations by a healthy margin so far.
2: 8/1/18  Russian wheat production has also been lowered due to drought in the southern regions and prevent plant acres for spring wheat production in the north.  Additionally southern areas that were ready to harvest were hit with heavy rains recently which has caused sprout but it's hard to say exactly how much of the crop was affected at this point.
3: 8/1/18  Australian production expectations have also been lowered below 20 million metric tons due to drought.  The western wheat areas have been getting some rain but the east remains very dry and the forecast is indicating that won't change for awhile.
4: 8/1/18  The corn and soybean crops are both in good condition domestically with yield expectations for corn still currently above the USDA's projection of 173 bushels per acre.
5: 8/1/18  The next USDA supply and demand report is on August 10th.

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