Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Mon Jul 21, 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 July 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.  Hard red winter wheat and dark northern spring wheat bids
are for full July delivery.  Bids for corn are for 30 day delivery.

   In early trading September wheat futures trended 6.25 to 9 cents
per bushel lower than Friday’s closes.

   Bids for US 1 Soft White Wheat for July delivery in unit trains or
barges were not fully established in early trading, however bids trended
6.25 to 15 cents per bushel lower compared to Friday’s noon bids.  The
lower Chicago September wheat futures and a lower basis bid by some
exporters pressured cash bids.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were not well tested, but were indicated as two to seven cents
per bushel lower than Friday’s noon bids for the same delivery period.
Bids were pressured by the lower Kansas City September wheat futures,
however a higher basis bid by some exporters tempered the declines.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for July delivery were not well tested in early trading but were
indicated as nine cents per bushel lower compared to Friday’s noon
bids.  Bids were pressured by the lower Minneapolis September spring
wheat futures.

   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 *
    Jul               mostly 6.6200, ranging   6.2600-6.8500
    Aug NC                                     6.6600-6.8500
    Sep                                        6.6600-6.8800
    Oct                                        6.6025-6.9100
    Nov                                        6.6525-6.9400
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jul               mostly 7.1200, ranging   6.7600-7.3500
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             7.0475-7.2975
  10 pct protein                               7.0475-7.2975
  11 pct protein                               7.0675-7.3775
  11.5 pct protein
    Jul                                        7.1675-7.4175
    Aug NC                                     7.1675-7.4175
  12 pct protein                               7.1675-7.4175
  13 pct protein                               7.1675-7.4175
_
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                               7.3925-7.7325
  14 pct protein
    Jul                                        7.7125-8.2125
    Aug NC                                     7.4125-8.0125
  15 pct protein                               7.9525-8.5325
  16 pct protein                               8.1925-8.8525
_
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 **    14.0000
 ** Not well tested.

Exporter Bids Portland Rail/Barge              Jun 2014
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    6.9900
  US 1 Hard Red Winter (Ordinary protein)      7.8500
  US 1 Hard Red Winter (11.5% protein)         7.9700
  US 1 Dark Northern Spring (14% protein)      8.3900

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

8:45  P nd

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