Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Tue Feb 19, 2013    USDA Market News

Portland Daily Grain Report
Bids as of 9:30 a.m. Pacific time; Subject to change

   Bids for grains delivered to Portland, Oregon during February by unit
trains and barges, in dollars per bushel, except oats, corn and barley,
in dollars per cwt.  Bids for soft white wheat are for delivery periods
as specified.  All other wheat bids are for full February delivery.
Bids for corn are for 30 day delivery.

   March wheat futures trended 4.50 to 12 cents per bushel lower
compared to Friday’s closes.

   Bids for US 1 Soft White Wheat for February delivery in unit trains
or barges were not fully established but were indicated as steady to 12
cents per bushel lower than Friday’s noon bids for February delivery.
Some exporters were not issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February
delivery were not fully established in early trading but were indicated
as 3.50 to 4.50 cents per bushel lower compared to Friday’s noon bids
for the same delivery period.  Lower Kansas City March wheat futures
pressured cash bids.  Some exporters raised their basis which tempered
the declines.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for February delivery were not fully established in early trading
but were indicated as 11.50 to 19.50 cents per bushel lower than
Friday’s noon bids in reaction to the lower Minneapolis March wheat
futures and a lower basis bid by some exporters.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended mixed, from ten cents lower to 1.25 cents per
cwt higher than Friday’s noon bids.  Lower Chicago March corn futures
were pressured cash corn bids in early trading, however a higher basis
bid by some corn traders supported cash bids somewhat.  Corn bids truck
delivered to the Yakima Valley trended ten to 13.75 cents per cwt lower
than Friday’s noon bids.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.6275, ranging   8.5300-8.7025
    Mar                                        8.6200-8.7025
    Apr                                        8.6500-8.7100
    May                                        8.6500-8.7100
    Aug NC                                     7.6775-7.9275
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.6275, ranging   8.5300-8.7025
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.4900-8.8100
  10 pct protein                               8.4900-8.8100
  11 pct protein                               8.6900-8.9500
  11.5 pct protein
    Feb                                        8.7900-9.0300
    Aug NC                                     8.5450-8.7450
  12 pct protein                               8.8400-9.0800
  13 pct protein                               8.9300-9.1800
_
US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers, a maximum
 of 0.5 part per million vomitoxin, and a maximum of one percent total damage) *
  13 pct protein                               8.9800-9.1700
  14 pct protein
    Feb                                        9.1400-9.3700
    Aug NC                                     9.2675-9.3175
  15 pct protein                               9.1400-9.3700
  16 pct protein                               9.1400-9.3700
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.4875-14.6125
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.3375-14.7875

US 2 Heavy White Oats in dollars per CWT **    13.5000
 ** Not well tested.

Exporter Bids Portland Rail/Barge              Jan 2013
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.5300
  US 1 Hard Red Winter (Ordinary protein)      8.9100
  US 1 Hard Red Winter (11.5% protein)         9.2100
  US 1 Dark Northern Spring (14% protein)      9.4800

Source:     USDA Market News Service, Portland, OR
            Niki Davila 503-326-2237  Portland.LGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/jo_gr110.txt
            www.ams.usda.gov/lpsmarketnewspage

8:53  P nd

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