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: December 13, 5:06 PM

Bid Notes

Friday 8:30 a.m.Bids subject to change at 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 Mar 20

$0.72

Club Premium

$1.75

HRW Protein Scales 11.5%

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

DNS Protein Scales 14.0%

+.00/-.04 each 1/4%

Country elevator fuel surcharge

$.022/BU

2019 Winter Wheat RP Base Price

$6.59/bu Portland

2019 Winter Wheat RP Harvest Price

$5.75/bu Portland

2019 Spring Wheat RP Base Price

$6.21/bu Minneapolis Sept 2019 Futures

2019 Spring Wheat RP Harvest Price

$5.05/bu Minneapolis Sept 2019 Futures

2020 Winter Wheat RP Base Price estimate

$5.73/bu Portland

2020 Spring Wheat RP Base Price estimate

$5.51/bu Minneapolis Sept 2020 Futures

Futures

Daily Commentary

** FSA Fall Acreage Reporting Deadline: December 16th ** “To avoid late filing fees, please call to schedule an appointment before the deadline.” 

12/13/2019

In a mixed day of trading so far, corn and soybeans are up (corn barely), and wheat futures are all down.  The dollar is happily sinking now that folks who parked their money in it have taken it back out after Britain’s latest election has been concluded.

What happened yesterday?  First thing in the morning, the news wires lit up with a very large purchase of corn by Mexico, which got the bull horns growing.  Not long after that, Mr. Trump blasted out a tweet regarding a potential deal to be done with China, and markets took to that (again) and started moving upwards in sympathy.  However, there’s a lot of glaring holes in what is being touted as a deal by some: it’s only being agreed to “in principle” meaning both sides think it sounds like a decent idea, the most China has ever bought from the US for agricultural products in one year is around $26 billion and they don’t actually even buy $50 billion total – from anyone.  It’s safe to say that cooler heads are prevailing today, and with a weekend ahead of markets, most are tiptoeing into wondering just what could be said/tweeted next.

Yesterday’s Export Sales were once again modest-to-poor.  Corn is somewhere around 50% behind pace, DNS (HRS) and SWW approximately 10%, with the main reasoning being too high of prices comparatively in the market place.  Yesterday’s rally actually seems to have frightened some buyers away who were about to enter the markets.

Recent Prime Minister Boris Johnson won re-election in a snap vote, and buy a wide margin, likely opening the door for “Brexit” to happen, and happen soon.

Some rain is in the forecast for parts of Brazil, but otherwise the international weather outlook remains neutral’ish.  It’s real dang cold in the Northern Prairies, but there’s a lack of precipitation for most areas, possibly letting some struggle through more corn harvest.  Some snow is slated for the Southern Prairies, which anywhere not immediately adjacent to a major river will be happy to see.

It’s Friday so our markets will close at 11:00 a.m.  Have a nice weekend.

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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.