Northwest Grain Growers is a farmer-owned cooperative in Washington and Oregon with over two thousand members.

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Cash Bids

Last Updated: August 21, 10:38 PM

Bid Notes

Wednesday 2:30 p.m.Bids subject to change anytime

Red wheat markets are morning session only

Buying Hours

Monday - Thursday

8:30AM - 11:00AM AND 2:30PM - 4:30PM

Friday

8:30AM - 11:00AM

SWW basis vs. SRW Sept 19

$1.07

Club Premium

0.00

HRW Protein Scales 11.5%

+.05/-.10 each 1/2%

DNS Protein Scales 14.0%

+.00/-.02 each 1/4%

Country elevator fuel surcharge

$.022/BU

2019 Winter Wheat RP Base Price

$6.59/bu Portland

2019 Spring Wheat RP Base Price

$6.21/bu Minneapolis Sept 2019 Futures

Futures

Daily Commentary

For a list of crops received at elevators, you’ll find a link further down the web page.

For those who have harvest contracts; your grain may be promptly settled, and if you have change to your splits, your input is needed immediately!

8/21/2019

The market received a few bits of news yesterday that have led to today’s slow start: it’s raining in the Midwest (you already knew that), BUT it’s supposed to continue to be nice, cool, and wet for 10+ days now, which apparently is construed as bullish; the ProFarmer tour swept through NE & IN/IL yesterday finding some possible demurred corn yields in NE and soybean yields in IN/IL, the caveat being NE irrigates much of it’s corn/soy, so they have different capabilities to recover than the dry land counterparts; ethanol stocks are still too high, and the margins too cheap, and lastly, Black Sea-origin grain prices look to be falling a bit, again.

In regards to Midwestern weather, it should be noted that at some point they do need warmth to catch up to the growing degree days (GDD’s) that they’ve missed out on, being 2-5 weeks later in maturity than normal.  Where that tipping point is, we’re not totally sure, but an analyst group did reaffirm that there is a very firm frost date for the northern corn belt of October 1st, and the middle more like October 10th.  Do they finish the crop before then?

The subtle rains falling on MT/ND/SK/SD have gotten a little more severe, at least in terms of appearance on forecast radar.  There is talk of deteriorating quality issues in their remaining winter grains and the ripe spring ones.  Poor quality grain in that country doesn’t necessarily mean we’re in for higher prices here, but it may widen out the discount schedules if it is widespread enough.  There’s a 30-70% chance of rain to fall in the PNW tonight-thru-tomorrow afternoon, which is not going to be a welcome sight for the folks in central WA, the Palouse, and Camas Prairie.

Since the USA decided not to agree to the Trans-Pacific Partnership (TPP), and the rest of the participants did, September 1st starts a program wherein USA wheat, in particular, is at a $0.12 tariff disadvantage to the rest of them.  That could be handled if any bi-lateral agreements can be reached soon, but when asked about it, the negotiators for the government have given responses that were not particularly positive.  Japan, the PNW’s largest wheat buyer, is at least at the negotiating table to buy meat products to hopefully offset their possible vehicle tariff, but outside of that, there doesn’t seem to be much new news.

Western Australia is receiving some rain this week, which they didn’t necessarily need, but can use, while the eastern and southern portions are getting uncomfortably more dry.  There is still a long time to go until their crops are finishing, but it bears mentioning.

For those with September HTA’s, please be thinking about pricing or rolling them promptly.

Don’t forget to visit your FSA office and get your MFP payment.

Informational page on MFP payment: https://www.farmers.gov/manage/mfp 

Link to PDF version of payment-by-county listings: https://www.farmers.gov/sites/default/files/documents/PaymentRates.pdf 

Current Weather

Announcements

Harvest 2019 is upon us and marks the 90th consecutive year of Grain Grower business!  Don’t forget, our smartphone app is available, just search for us in your phones app store.

About Us

Northwest Grain Growers is a leading farmer owned cooperative with more than 2000-member owners in Washington and Oregon. Walla Walla Grain Growers originally formed in 1929.

Contact

Contact us today for any questions or concerns and sign up for our alerts to stay up to date

Locations

Northwest Grain Growers has a total of 31 grain elevators, 4 barge loading facilities and 4 retail seed plants.