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: September 17, 12:27 PM

Bid Notes

Tuesday 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 Dec 19

$0.99

Club Premium

0.00

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

$5.71/bu Portland

2020 Spring Wheat RP Base Price estimate

$5.51/bu Minneapolis Sept 2020 Futures

Futures

Daily Commentary

Marketing Meetings:

9/18 Endicott 8:00 a.m., St. John 9:00 a.m., Uniontown 11:00 a.m.

9/19 Dayton, Delaney Building 8:00 a.m.

9/20 Walla Walla 7:30 a.m., Athena 9:00 a.m.

*If it appears that the location of your grain is wrong when you view it online, it’s likely in the correct elevator, but the listing may say something different.  Our software provider did this because of a federal mandate wherein the location of the grain is now the physical city/town that the elevator is located in, i.e. grain at the Sheffler elevator will say Prescott, given the elevator is located within Prescott’s limits.  We’re working with them to give us a fix, but in the meantime, know there likely isn’t a problem.  Feel free to call in if you require further assistance.*

9/17/2019

We’re losing yesterday’s gains, as of 9:15 a.m., and it’s less surprising to be down than it was to be up, given much of what is making the news.  Here’s a quick snapshot of some of the headlines:

Saudi Arabian oil giant Aramco thinks it may take a few weeks longer than first anticipated to get production back to normal after they were attacked by an outside force via drones with missiles.  Oil futures are giving back part of their gains, but are still above $60.  Macro-economically, this appears to be one of the larger forces at play today, coupled with the whodunit game being played by the countries involved.

Yesterday afternoon’s Crop Conditions report was not what some had hoped for, in terms of negatively, and it actually showed that corn harvest has begun in the smaller producing states (Texas, North Carolina, Kentucky, Tennessee, etc.) and was rated at 4% complete, which is only 3% behind the latest 5-year average.  As you can imagine, people in the industry knew corn harvest had started, thanks to Twitter and other social media, but when the figures showed up on the USDA’s report, suddenly it became a bit more real that the crop may not be so hard-up as thought.  Obviously, there is a lot left to go.  Corn conditions were left basically unchanged at 55% good/excellent.

Not much news in regards to soybean conditions or progress; they dropped 1% to 54% g/e and have progressed from 0% “soybeans dropping leaves” to 15% (which the 5-year average is 38%).  Most progress in the same states that corn harvest has begun in, as would be expected.  Spring wheat harvest inched forward 5% to 76%, and will likely not get much further by next weeks report, given the conditions didn’t improve much that direction.  As previously noted, it is concerning that the crop quality in that region is taking a hit, but many feel there are ample stocks from last year to help blend away some of the potential issues that are arising.  Spring wheat futures contracts held by Managed Money (fund) traders are still at record short levels, which, means they’re betting on too much wheat, regardless of excessive moisture, still.

Last bit of news from the Crop Progress report being winter wheat planting has begun, and is just barely behind the 5-year average (currently 8% with the average being 12%).  Washington is at 30%, Oregon 14%, Idaho 13%, and Montana 19%.

Weather news is unchanged from recent reports.  Favorable for Midwestern corn/soy, starting to improve (at least briefly) for remaining Northern Plains spring wheat, excessively dry in Brazil/Argentina, dry in the northern spring wheat areas of Russia (Vulga), and dry/warm in Australia.  Locally rain chances are diminishing somewhat, with most of the rain now falling at the foot of the Cascades and not eastwards.  There still exists a chance tomorrow for some more to drop on S.E. Washington & N.E. Oregon, but it’s not a sure thing.  Wheat harvest is still trying to finish in the more northern counties in Washington and Idaho, with folks up there needing a cessation from rain to get things buttoned up.

Unfortunately, we have no further news on the Bonneville dam emergency repairs taking place.  The completion date still stands at 9/30/2019, which is hopefully a generous estimate.

Here’s a link to yesterday’s Crop Progress report website (choose your format): 

Here are the highlights from the most recent USDA reports: https://usda.library.cornell.edu/concern/publications/8336h188j 

US Wheat – Production unchanged @ 1.98 billion bushels (BB).  Ending stocks unchanged @ 1.014 BB

US Corn – Production decreased from 13.901 BB to 13.799 BB.  Yield decreased from 169.5 bushels per acre (BPA) to 168.2 BPA.  Ending stocks increased from 2.36 BB to 2.446 BB

US Soybeans – Production decreased from 3.68 BB to 3.633 BB.  Yield decreased from 48.5 BPA to 47.9 BPA.  Ending stocks decreased from 1.07 BB to 1.005 BB.

World Wheat – Production increased from 761.8 MMT (million metric tons) to 765.5 MMT.  Ending stocks decreased from 286.5 MMT to 285.4 MMT.

World Corn – Ending stocks decreased from 307.7 MMT to 306.3 MMT.

World Soybeans – Ending stocks increased from 285.4 MMT to 286.5 MMT.

US chickpea/garbanzo bean production dropped 44% from last year (7.17 million cwt for 2019).

US dry pea production is up, a lot, (40%, to be exact) at 22.3 million cwt, with acreage up 28% and yield up 7.5%. 

Link to the US Crop Production report: https://usda.library.cornell.edu/concern/publications/tm70mv177 

Link to the World Agricultural Supply and Demand Estimate (WASDE) report: https://www.usda.gov/oce/commodity/wasde/ 

Link to the World Agricultural Production report (Australian drought on front-page): https://apps.fas.usda.gov/psdonline/circulars/production.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.