Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Fri Jun 21, 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 June 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 June delivery.  Bids for
corn are for 30 day delivery.

   July wheat futures trended 1.50 to 3.00 cents per bushel higher
compared to Thursday’s closes.  Minneapolis September wheat
futures trended 0.75 cents per bushel higher and Kansas City September
wheat futures trended 2.75 cents per bushel higher than Thursday’s
closes.

   Bids for US 1 Soft White Wheat for June delivery in unit trains
or barges were not available as most exporters were not issuing bids for
nearby delivery.  Bids for July delivery trended 1.00 to 1.50 cents
per bushel higher than Thursday’s noon bids for July delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June
delivery were not fully established in early trading but bids were
indicated as 1.50 to 2.50 cents per bushel higher than Thursday’s noon
bids in following the higher Kansas City July and September futures.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for June delivery were not fully established in early trading but
bids were indicated as mixed, from 9.25 cents lower to 0.75 of a cent per
bushel higher compared to Thursday’s noon bids.  Exporters have switched
their nearby basis to over the Minneapolis September wheat futures.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 7.50 to 8.75 cents per cwt lower than Thursday’s
noon bids.  Corn bids truck delivered to the Yakima Valley trended 7.50
cents per cwt lower than Thursday’s noon bids.  Corn bids were pressured
by the lower Chicago July corn futures.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Jun                                        NA
    Jul               mostly 7.5475, ranging   7.5375-7.5700
    Aug NC                                     7.3500-7.5375
    Sep                                        7.4000-7.5375
    Oct                                        7.5000-7.5025
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jun                                        NA
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.4650-8.7550
  10 pct protein                               8.4650-8.7550
  11 pct protein                               8.5450-8.8550
  11.5 pct protein
    Jun                                        8.5850-8.9050
    Aug NC                                     8.2575-8.4075
  12 pct protein                               8.6050-8.9050
  13 pct protein                               8.6350-8.9050
_
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                               8.7375-9.0875
  14 pct protein
    Jun                                        8.8975-9.2475
    Aug NC                                     8.8975-9.0475
  15 pct protein                               8.8975-9.2475
  16 pct protein                               8.8975-9.2475
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.7750-14.8000
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.2125-14.8000

US 2 Heavy White Oats in dollars per CWT **    13.7500
 ** Not well tested.

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

  US 1 Soft White by Unit Trains and Barges    7.7100
  US 1 Hard Red Winter (Ordinary protein)      8.7900
  US 1 Hard Red Winter (11.5% protein)         8.9300
  US 1 Dark Northern Spring (14% protein)      9.3000

Source:     USDA Market News Service, Portland, OR
            Tiffany Smit 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

8:49  P ts

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