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 **

Premiums and Discounts are Subject to Change...Please Call to Confirm

Thursday Morning September 11th, 2025

Local Commentary Care of NWGG

Outside Markets:  

• USD is lower

• Crude is lower

• Gold is lower

Market News:  

• Wheat is higher

• Corn is unch

• Soybeans are higher

Daily Trivia:  What structural feature symbolizes the Twin Towers at the September 11th Memorial in New York City?

In economics markets have put their focus on the latest US jobless claims data seeing it as support for a Fed rate cut next week. Initial claims for unemployment jumped by 27,000 to 263,000 for the week ending September 6, well above both the prior week’s 236,000 and the 234,000 average trade estimate. That increase lifted the four-week moving average to 240,500 from 230,750. Continuing claims for the week ending August 30 held steady at 1.939 million, while their four-week average edged down by 750 to 1.946 million. What grabbed attention, however, was the sharp rise in new claims, the highest since October 2021. Among former federal civilian employees, first-time claims for the week ending August 30 rose by 12 to 527, and continuing claims for the week ending August 23 increased by 83 to 8,211. Futures markets now price in roughly a 90 percent probability of three Fed rate cuts, one at each of the next three meetings before year-end. The August consumer price index (CPI) climbed 0.4% from July which is twice the prior month’s pace and above the 0.3% gain economists expected. Year-over-year, headline inflation reached 2.9%, exactly in line with forecasts but up from July’s 2.7%. Core CPI, which excludes volatile food and energy costs, increased 0.3% on the month and 3.1% on the year, both matching expectations and steady with July’s trend.

Unfortunately, the weekly export-sales report was released this morning and offered significantly more lowlights than highlights:

Wheat: Net sales totaled 305,400 MT. Key destinations: Japan (79K), Indonesia (70K), Philippines (41K), Venezuela (34K), and Mexico (27K).

By class: 

HRS 127,800 MT (70K Indonesia, 31K Japan, 21K Philippines)
HRW 92,300 MT (34K Venezuela, 27K Japan, 23K Mexico)
White 45,200 MT (21K Japan, 20K Philippines)
SRW 22,500 MT (12K Peru)
Durum 17,500 MT (all to Italy)

Corn: Net sales came in at 539,900 MT, plus 1,169,700 MT carried over from 24/25. Main customers were Mexico (257K), Japan (144K), Unknown (96K), and Vietnam (75K). Spain canceled 50K and Portugal 30K.

Soybeans: Net sales reached 541,100 MT, with an additional 767,000 MT rolled over from the 2024/25 marketing year that ended August 31. Top buyers were Unknown (432K), Taiwan (62K), and Indonesia (33K), while Mexico canceled 19K.

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.

 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