Cash Bids

Last Updated: June 2, 4:43 AM

Bid Notes

Monday 2:30 p.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 May 20

0.93

SWW Jul/Aug basis vs. SRW Sept 20

0.77

Club Premium

$0.50

HRW Protein Scales 11.5%

+.00/-.08 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

COVID-19 Update:

Northwest Grain Growers leadership is actively monitoring the COVID-19 situation and making necessary adjustments to our operating plan as needed to keep our employees and our members safe & healthy. We have instituted several temporary policies to help guide our employees during these uncertain times.

  • Employees are following social distancing guidelines in addition to several other suggestions as set forth by the CDC 
  • Our offices will be temporarily closed to public access. If you need assistance, please contact one of our team members by phone or email.
  • Office Phone Numbers
    • Walla Walla – 509-525-6510
    • Dayton – 509-382-2571
    • St. John – 509-648-3316
  • Seed Plants – Please do not exit your truck unless necessary. A NWGG employee will be taking your orders and handing out finished paperwork.
  • Seed Plants
    • Walla Walla – 509-386-3174/509-529-3004
    • Dayton – 509-520-8596/509-382-2262
    • Lancaster – 509-595-7135/509-648-3713
    • Garfield – 509-635-0107

At NWGG, the health, safety and well-being of our employees, members, their families and communities are our highest priority. Thank you for your understanding and patience during these uncertain times.

Chris Peha

General Manager

***

6-1-20

What in the world is going to happen next?  Jeez.  US grain futures have been all over the place today.  As of 8:00 HRW down 10, SRW and HRS down 5, corn down 2, soybeans up 3.  Canola down a bit, French wheat down in sympathy with our own, the US$ is down again nicely (lowest value in 2+ months) while competitor currencies are up, livestock futures are down a touch, crude oil is treading water, and US stocks are just below even.

The war of words entered a new phase this morning after a Bloomberg article came out that says Chinese officials have mandated the halt of purchases of US soy/pork products after Mr. Trump’s threats with more products to be added to that list if the rhetoric continues.  To be honest, it’s surprising futures are stable at all.

Friday’s COT report showed corn Managed Money traders at their 4th largest net short ever.

A private Russian grain analyst group INCREASED their expected wheat production by 8% (81.2MMT vs 74.5MMT last year, USDA says ~77MMT), citing a return to rains and all-around cool weather to assist.  This goes against all other industry predictions thus far.

International weather – Chance for wetness still strong for the Black Sea and an improvement in the chance for rain in France/Germany, which they’ll cheer for.  Australia’s rains have dissipated, and their seeding should continue nicely now.  Big rains across much of Canada’s prairies will keep farmers from finishing their last 20% of seeding this week.

Domestic weather – Hot and dry for TX/OK where they’re harvesting.  Bits of rain fell in W KS E CO which should help their headed HRW a little, but warm temps are coming.  Mostly dry for the N Plains will let growers there finish last years corn harvest (maybe) and get to planting the rest of their spring crops this year (maybe).  PNW forecasts are a far cry from what they were 30-days ago with cooler-than-average temps for the next 15-days and higher-than-normal chances for rain in the same period.

Local weather – If you got a bunch of rain in the last few days and the winds didn’t flatted your crop, you’ll be happy to hear some cool temps for the next week will let that moisture percolate down nicely.

Current Weather

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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.