Portland , OR Weekly Grain Review - Part 1 (Thu)

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JO_GR115
Portland, OR    Thu Oct 17, 2013    USDA Market News

***RESENDING WITH CORRECTION TO DATE AND FUTURES TREND***

Portland Weekly Grain Review Part 1
Pacific Northwest Weekly Grain Summary


   Pacific Northwest Market Summary:  Cash wheat bids for October 
delivery ended the reporting week on Thursday, October 17, had no 
recent price comparison available.

   December wheat futures ended the reporting week on Thursday, October 
17, mixed*** as follows compared to last Thursday's closes:  Chicago 
0.50 of a cent higher at 6.86, Kansas City 6.50 cents lower at 7.49 and 
Minneapolis wheat futures trended six cents lower at 7.45.  Chicago 
December corn futures trended 4.75 cents higher at 4.43 while November 
soybean futures closed 5.25 cents higher at 12.9325.
 
   Bids for US 1 Soft White Wheat delivered to Portland in unit trains 
or barges during October had no recent price comparison available.  
Some exporters were not issuing bids for nearby delivery.
 
   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October 
delivery were not available as most exporters were not issuing bids for 
October delivery.  On Thursday, bids were as follows:  October and 
November not available, December 8.43-8.57, January 8.38-8.58 and 
February 8.43-8.61.
 
   Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern 
Spring Wheat for October Portland delivery were not available as most 
exporters were not issuing bids for October delivery.  On Thursday, 
bids for non-guaranteed 14 percent protein were as follows:  October 
not available; November 8.45-8.60; December 8.65-8.75; January and 
February 8.6975-8.7975.

   There were 20 grain vessels in Columbia River ports on Thursday, 
October 17, with three docked compared to 18 last Thursday with five 
docked.   New confirmed export sales this week were limited to Japan.  
Japan purchased 25,757 metric tons of US western white wheat for 
November 21-December 20 shipment, and 20,294 metric tons of US hard red 
winter wheat for January arrival. 
 
Source:  USDA Market News, Portland, OR
         Niki Davila 503-326-2237 Portland.LPGMN@ams.usda.gov
         24 hour price information 503-326-2022
         http://www.ams.usda.gov/mnreports/jo_gr115.txt
         www.ams.usda.gov/lpsmarketnewspage

1215p  nd

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