Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Wed Jan 15, 2014    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 January 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 January delivery.
Bids for corn are for 30 day delivery.

   March wheat futures in early trading were 0.75 of a cent to 4.50 cents
per bushel lower compared to Tuesday’s closes.

   Bids for US 1 Soft White Wheat for January delivery in unit trains
or barges were not fully established in early trading but bids were
indicated as 4.50 cents per bushel lower compared to Tuesday’s noon
bids for the same delivery period. Bids were lower in reaction to the
lower Chicago March wheat futures.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January
delivery were not fully established in early trading but bids were
indicated as mixed, from 2.50 cents lower to 7.50 cents per bushel higher
compared to Tuesday’s noon bids.  Bids were pressured by the lower Kansas
City March wheat futures, however a higher basis bid by some exporters
offered support.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for January delivery were also not fully established in early
trading but were indicated as 9.25 to 39.25 cents per bushel higher than
Tuesday’s noon bids for the same delivery period.  A higher basis bid by
some exporters supported cash bids.  Some exporters were not issuing bids
for nearby delivery.

   Bids for US 2 Yellow Corn delivered to Portland and the Yakima Valley
were not available.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 6.7725, ranging   6.7475-6.7975
    Feb                                        6.7975-6.8975
    Mar                                        6.8475-6.9500
    Apr                                        6.9175-6.9500
    May                                        6.9175
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 6.9975, ranging   6.7475-7.2475
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             7.2950-7.5250
  10 pct protein                               7.2950-7.5250
  11 pct protein                               7.3950-7.6050
  11.5 pct protein
    Jan                                        7.4450-7.6450
  12 pct protein                               7.4950-7.6450
  13 pct protein                               7.4950-7.6450
_
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                               8.1025-8.2025
  14 pct protein
    Jan                                        8.7025-8.8025
  15 pct protein                               9.1025-9.2025
  16 pct protein                               9.5025-9.6025
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        NA
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   NA

US 2 Heavy White Oats in dollars per CWT **    13.2500
 ** Not well tested.

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

  US 1 Soft White by Unit Trains and Barges    6.9700
  US 1 Hard Red Winter (Ordinary protein)      7.5700
  US 1 Hard Red Winter (11.5% protein)         7.6900
  US 1 Dark Northern Spring (14% protein)      8.1100

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

8:51  P nd

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