HRW: + 5 cents each 1/2% above 11.5% to 13.0%; - 10 cents each 1/2% below 11.5%

DNS: + 3 cents each 1/4% above 14.0% to 15.5%; - 7 cents each 1/4% below 14.0%

SWW: + 0 cents each 1/10% below 10.5%; - 0 cents each 1/10% from 10.5% to 12.0%. Max = -$0.00

** CLUB WHEAT MAX 10.5% PROTEIN ONLY **

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July 18, 2025 

Local Commentary Provided by NWGG

Outside Markets:  

• USD is lower

• Crude is higher

• Gold is higher

Market News:  

• Wheat is higher

• Corn is higher

• Soybeans are higher

Daily Trivia: In what year was Walla Walla Community College named the Aspen Institutes Top Community College in the United States? Hint: It was my freshman year as a Warrior 

I know what you're thinking, "Riley, why is the board up today?" Well... I'm thinking the same thing. It's 6:45am and for the next 1.5 hours our marketing team will collaborate and try to find a conclusive response, but spoiler alert: if you're reading this intro right now and it hasn't been deleted you can assume we yielded little conclusions outside of a few chart indicators. Sometimes algos are triggered and money moves. Leading the grains rally last night and this morning is soybeans which we can assume is driven by oil updates, but there’s nothing new this morning regarding RVOs. The ongoing "deal" discussions with China persist, yet no concrete developments have emerged. In wheat, The French wheat harvest is apparently 71% complete, with crop ratings improving by 1% to 69% Good/Excellent. In contrast, corn ratings dropped by 3% to 72% Good/Excellent. German Coop officials estimate the 2025 wheat crop at 21.56 million metric tons, a slight increase from their previous forecast, and a 16% rise compared to last year. Does any of that matter much? Eh. In other news, Ukrainian officials report a wheat harvest of 4.67 million metric tons so far, but yields are below expectations. It remains to be seen if yields improve, but it appears that total wheat production in the Black Sea may decline? Nothing conclusive yet, but maybe that's the underlying positive sentiment in the wheat market this morning? Maybe I should delete the first couple sentences? Maybe it all makes sense? Nah. I'll stick with inconclusive bullish evidence until Monday. If you need money soon, our advice would be selling the "bounce" today. But that's also coming from the guy who can't give you a conclusive reason behind the "bounce" outside of technical indicators... So, naturally I'm only thinking of it as a "bounce" with no evidence towards a long-term market shift. So naturally I'm going to view it as a sell opportunity if it's a "bounce", with no big headline, right? Because it wouldn't be a "bounce" if it didn't come back down on Monday, right?... What came first the chicken or the egg... If a tree falls in the woods... I never took a philosophy class at WWCC, so I'll never know those answers. But our marketing team views it as a bounce. 

Rant over. In other news, the S&P 500 reached a new all-time high yesterday, with most other major indices showing strong gains as well. Earnings reports from major companies have consistently surpassed expectations, and yesterday's economic data was broadly favorable, retail sales increased, unemployment decreased, manufacturing showed positive growth, and the import/export balance indicated a gradual easing of inflation. Tariff discussions have taken a back seat for now, and consumer sentiment remains upbeat. The only thing showing a decline is the USDX, and it's only slightly down, but still remaining within the new steep uptrend channel that started with the July 1 bottom.

Speaking of US dollars, I'm filling contracts as quick as I can now that grades are steadily rolling in. Keep an eye out for some checks and deposits. 

Have a good "weekend" everybody? Is there really weekends during harvest? Ask your significant others and see what they say. 

Trivia Answer: 2013. Go Warriors!

- Riley Kretschmer

Effective July 1st, 2025 

We know every dollar counts, especially in agriculture, and that's why I'm delighted to announce that the Board of Directors has approved a 10% reduction in wheat handling rates. This will bring the rate down from 15 cents to 13.5 cents per bushel, effective July 1st, 2025.

 This decision was made with you, our valued members, at the forefront. We firmly believe that by reducing these rates, we can help put more money back into your pockets and support the vital work you do every day on your farms.  This is about strengthening our co-op together, and ensuring we continue to provide the best possible value for your hard-earned dollar.

 To help us continue making smart decisions that enrich our members, we'd greatly appreciate it if you could please take a few moments to fill out our Acres for Storage Survey at this link. Your input is so helpful as we plan for the future.

 Thank you for your continued loyalty and for being such an integral part of our co-op community. Your success is our success, and we're committed to doing everything we can to support you.

Sincerely,

Garrett Egland

General Manager