Welcome

Serving Columbia County Since 1929

210 E. Main Street

Dayton, WA  99328

509-382-2571 

Toll Free 1-877-354-2571

rick@ccgg.com

 

CCGG Market Commentary

February 5, 2016  Weekend Notes  

 

 

Futures slumped heavy again this morning without a change in basis from Portland our cash price is at multiple year lows for white wheat. Egypt cancelled another tender this morning after only receiving 4 offers that were 11% higher than the last traded cargo as shippers are pricing a risk premium into their bids. Even with this risk premium offered their is no doubt the US is still way off value wise unless Egypt taps into foreign aid reserves to purchase non economical wheat elsewhere. The dollar finished higher today after reversing lower on Wednesday and Thursday. Chart support in Chicago and KC wheat is about ten cents away. Overall not much is trading as the farmer is not interested in pricing much grain at these levels and foreign buyers aren't at a point where they are too interested in buying additional grain.

 

 

Bid Notes

All Prices are Delivered Coast

$1.00 Club Bid is for Max 12% Protein / Over 12% Protein Club Premium= +.25 Cents 

See below for SWW/Club Protein Premium Scales

 

Merger Vote Results

CCGG's merger with Northwest Grain Growers has been approved by your membership with a total tally of 214 votes cast which is 72% of the membership with 90% voting FOR and 10% against.

As of May 1st, 2016 we will become Northwest Grain Growers. More information will be available as we progress. 

Link to Northwest Grain Growers website:

http://www.nwgrgr.com/

 

 

 

 

 

 

Cash Bids
Location Delivery Start Short Month Basis Cash Price Futures Change
SWW
HRW
DNS
Barley
Club Wheat Premium

View all cash prices...
Quotes retrieved on February 06, 2016, 07:19:34 AM CST
Market Snapshot
Quotes retrieved on February 06, 2016, 07:19:34 AM CST
Wheat Commentary
Wheat -

Wheat futures are trading fractionally lower in CHI and KC this morning, but around a penny higher in MPLS. This follows the Thursday trade when

Wheat -

Wheat futures traded three cents to a nickel higher today, after closing mixed on Tuesday. Wheat prices on Wednesday were supported by a sharply

Wheat -

Wheat futures are currently trading mostly one or two cents higher after closing mixed on Tuesday. SRW was steady to fractionally lower and HRW was

Wheat -

Wheat futures are showing gains from 1 to 5 cents at midday, after closing mostly 4 to 5 cents lower on Monday. Much of the winter wheat growing

Wheat -

Wheat futures finished the Monday trade mostly 4 to 5 cents lower after closing 4 to 7 1/4 cents higher on Friday. The wheat market was pressured by

Full commentary...
Spokane Seed Company Bids

Grower Prices:

Aragorns/Greenwoods - $12.50/cwt

Columbians - $16.50/cwt

Sierra: $32.00/cwt - A's $20.00/cwt - B's $10.00/cw - C's - Options Only

 

 http://www.spokaneseed.com/

As of 1/20/2016

Forecast

Forecast for Dayton, Washington (99328)

Saturday

Hi: 56°
Lo: 33°
Sunday

Hi: 50°
Lo: 34°
Monday

Hi: 49°
Lo: 34°
Tuesday

Hi: 49°
Lo: 35°
Wednesday

Hi: 52°
Lo: 39°

Zip Code:

© 2016 Freese-Notis Weather

CCGG and NWGG Proposed Merger

Passed!

The merger between CCGG and NWGG has been approved by a high percentage of both cooperative's memberships.

 

The official merge date will be May 1st, 2016. More information will be available as we progress. If you have any questions please feel free to call the office. 

 

 

Unification Questions and Answers

 

Link to Northwest Grain Growers website:

http://www.nwgrgr.com/

 

SWW Protein Scales

10.6% and Above = Posted Bid

10.5% to 10.1%   =   +.65

10.0% to 9.6%      =  +.95

9.5% to 9.1%      =  +1.35

9.0% to 8.6%      =  +1.65

8.5% and 8.1%  = +1.95

8.0% and Below  =+2.25

 

* Scales are subject to change at any time.

 

 

Off Coast Pricing

Lyons Ferry = .50

Relief/Delaney = .60

Alto/Lower Whetstone = .61

Dayton/Huntsville/Longs/Turner = .63

Please call the office or click the link below if you would like further explanation. 

Coast Pricing Explanation

Buying Hours

Buying Hours

Soft White Wheat:

Morning:    8:30-11:00 am

Afternoon: 2:30-4:00 pm

 

HRW/DNS: 8:30-11:00 am

No Markets Friday Afternoon

DNS / HRW Protein Scales

DNS +.04 / .25 % Basis 14% Protein

DNS - .08  / .25 % Basis 14% Protein

*Max 15%

 

 

HRW +.03 / .50 % Basis 11.5% Protein

HRW -.05 / .50 % Basis 11.5% Protein

*Max 13%

 

All Discounts Subject to Change... Anytime!

USDA Top News

More news...
Local Weather

Dayton, Washington (99328)

Current Conditions: Partly Cloudy
Temperature: 45°F Dew point: 32°F
Humidity: 60% Pressure: 30.34 in. Hg
Wind: 12 mph From: South

Zip Code:

© 2016 Freese-Notis Weather