Climate Smart Wheat


NWGG is a partner in a grant program accepted under the USDA's "Partnerships for Climate Smart Commodities" where we, along with our partners, are committed to promoting wheat grown in the PNW by growers who are either new-or-existing adopters of carbon-positive farming methods. It is the only grant for PNW wheat growers that was accepted and we're proud to share it with our members.


Acreage enrollment for the coming crop has closed, but signups are still open for fall soil sampling, which will cover the following crop. If you missed the first signup, don't worry, this program will run for 5-years, and you'll be able to enroll at any point here.


You can reach out to Cory @ NWGG (509-525-6510) or Dr. Shannon Cappellazzi of GO Seed (503-593-7434) if you'd like more information.


If you want to sign up to work towards getting acres sampled and possibly enrolled, visit the website and scroll down to the Contact Us area to get started! 


Climate Smart Wheat Website



NWGG Logo Apparel


We have an electronic "pop up" shop open to employees, members, and friends who would like to buy apparel with the NWGG logo on them. There is a curated list via the below link for you to choose from. The "shop" will close on May 17th.


All purchase transactions, shipments, and communication are with the providing company (GO USA, Inc.). NWGG does not profit from any sales made.


Northwest Grain Growers Apparel Shop

NWGG

Cash bids for Thursday, May 16, 2024

All cash bids are subject to change without notice. Current protein premiums/discounts will be listed on the NWGG homepage under "Bid Notes."

Soft White Wheat (Portland)

  • Delivery

  • Bid

  • Basis

  • Futures

  • Change

  • May
  • 6.60
  • -0.13
  • 6.7250
  • +9.25
  •  
  • June
  • 6.60
  • -0.13
  • 6.7250
  • +9.25
  •  
  • August
  • 6.60
  • -0.33
  • 6.9275
  • +9.25
  •  

Hard Red Winter (Portland)

  • Delivery

  • Bid

  • Basis

  • Futures

  • Change

  • May
  • 7.36
  • 0.40
  • 6.9600
  • +9.00
  •  
  • June
  • 7.36
  • 0.40
  • 6.9600
  • +9.00
  •  
  • August
  • 7.36
  • 0.40
  • 6.9600
  • +9.00
  •  

Hard Red Spring (Portland)

  • Delivery

  • Bid

  • Basis

  • Futures

  • Change

  • May
  • 8.02
  • 0.75
  • 7.2700
  • +6.25
  •  
  • June
  • 7.97
  • 0.70
  • 7.2700
  • +6.25
  •  
  • August
  • 8.06
  • 0.70
  • 7.3675
  • +6.50
  •  

Barley (Portland)

  • Delivery

  • Bid

  •  

  •  

  •  

  • May
  • 185.00
  •  
  •  
  •  
  • June
  • 185.00
  •  
  •  
  •  
  • August
  • 185.00
  •  
  •  
  •  

Canola (Delivered Elevator)

  • Delivery

  • Bid

  •  

  •  

  •  

  • May
  • 20.20
  •  
  •  
  •  
  • August
  • 20.50
  •  
  •  
  •  

Bid Notes

Bids subject to change at anytime. Red wheat markets are morning session only. Canola prices are figured as delivered to NWGG elevator, all other commodities are subject to off-coast rates and fuel surcharges.


Buying Hours

Monday - Thursday

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

Friday

8:30AM - 11:00AM

Soft White Wheat Protein Scales

  • +.01 each 1/10% below 10.5% to 9.0% protein & -.02 each 1/10% above to 12.0% protein

DNS Protein Scales

  • +.03 each 1/4% above 14.0% & -.07 each 1/4% below

Club Premium

  • $0.00


2024 Winter Wheat RP Base Price 

  • Price: $7.86

HRW Protein Scales

  • +.05 above 11.5% & -.10 each 1/2% below

Monthly Fuel Surcharges (deducted from grain settlements)

  • $.00/bu. for all barge terminals
  • $.04/bu. for country elevators South of the Snake River PLUS $.00 barge terminal
  • $.05/bu. for all elevators/terminal North of the Snake River


2024 Spring Wheat RP Base Price

  • Futures: $8.05

Markets

Data provided by Bushel
All prices delayed 10 minutes.

Daily Morning Commentary

Published on: May 16, 2024

5.16.24

Volatility remains the name of the game. Big ranges in the futures markets continue as the traders try to figure out which way to go now after making new highs on Monday. Wheat up 10-13 cents overnight, corn up 2 and beans unchanged. Trying to pencil out world balance sheets right now is difficult at best and we really need to get to the middle of June before we start to have some clarity about Northern Hemisphere crop sizes. Look for more volatility for at least the rest of the month. 

Day 2 of 3 on the Kansas wheat tour was yesterday. The first day found good yield potential of 52.7 bpa in the Eastern half of the state, yesterday they moved into the drought ridden SW corner and still found average yield potential of 42.4 bpa. That is way above last years drought reduced yield of 27.6 bpa and over the 5 year avg of 40.8 bpa. 42.4 isn't a high number, but if it isn't bad in SW Kansas, has too much been made of the dry HRW weather? 

Export sales were very poor for soybeans, good but not great for corn and on the low end of expectations for wheat. U.S. wheat is priced out of world markets with the weather rally.  Bad weather is a good reason for wheat markets to rally, but demand is needed for the markets to stay higher for the longer term.

-Chris


 
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