Portland Weekly Grain Review - Part 2 (Thu) OR

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Portland, OR    Thu Apr 18, 2013   USDA Market News

Portland Weekly Grain Review Part 2
Pacific Northwest Add Weekly Grain Summary

   Cash Soft White Wheat - Pacific Northwest:  Bids for US 1 Soft White Wheat, 
delivered by unit trains and barges to Portland during April ended the reporting 
week on Thursday, April 18, at 7.85-7.8775, mostly 7.8650.  Last Thursday's noon 
bids were 7.9275-7.95, mostly 7.94 for April delivery.  There were no white club 
wheat premiums for nearby delivery for this week or last week.  One year ago bids 
for US 1 Soft White Wheat and white club wheat for March delivery were 6.85-7.00, 
mostly 6.93.  Nearby bids for US 1 Soft White wheat began the reporting week on 
Friday at mostly 8.0250 before falling to mostly 7.82 on Monday.  On Tuesday, 
bids moved higher to mostly 7.8925 and continued higher to mostly 7.92 on 
Wednesday.  Today (Thursday), bids ended the week lower at mostly 7.8650.  New 
confirmed export sales of white wheat this week were limited to Japan.  Forward 
month bids for soft white wheat were as follows:  May 7.80-7.95, June 7.85-
7.9675, July 7.6375-7.8175 and August New Crop 7.55-7.6375.  One year ago, 
forward month bids for soft white wheat were as follows:  May 6.90-7.00, June 
6.70-7.00, first half July 6.70-6.80, last half July 6.32-6.45 and August New 
Crop 6.42-6.55.

   Outstanding U.S. white wheat export sales as of April 11, 2013 for the 
marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 475.3 
thousand MT compared to 572.3 thousand MT on April 4, 2012, and 1073.8 thousand 
MT one year ago.  Outstanding white wheat export sales for the 2012-2013 
marketing year were to the following countries in 1000 MT:  Japan 109.8, 
Philippines 73.0, South Korea 71.2, Yemen 45.00, Thailand 39.4, Taiwan 20.5, 
Guatemala 13.1, Nigeria 8.7, Canada 1.6, Malaysia 1.0, Burma 0.7, Sweden 0.5, 
Hong Kong 0.3 and total unknown 90.5.  Accumulated white wheat export shipments 
as of April 11, 2013, in 1000 MT for the 2012-2013 marketing year, totaled 4124.7 
compared to 4764.1 one year ago.

   Outstanding U.S. barley export sales as of April 11, 2013 for the marketing 
year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 4.3 
compared to 1.9 on April 4, 2012 and 2.1 one year ago.  Outstanding barley export 
sales for the 2012-2013 marketing year in 1000 MT were to the following countries 
in 1000 MT:  South Korea 2.5, Taiwan 1.0 and Japan 0.8.  Accumulated barley 
export shipments as of April 4, 2013 were 131.2 thousand MT compared to 83.1 one 
year ago.

   Coarse feeding grains:  Bids for US 2 Yellow Corn delivered to Portland in 
single rail cars were 269.50-275.00, 3.00 to 7.25 per ton lower than last 
Thursday's bids of 276.75-278.00.  Bids for US 2 Yellow Corn truck delivered to 
the inland feeding areas of Yakima, Washington, and Hermiston, Oregon were 
274.50-276.50, 4.50 to 5.75 per ton lower than last Thursday's bids of 279.00-
282.25.  Lower Chicago May corn futures pressured the cash corn bids.  Bids for 
US 2 Heavy White Oats for April delivery held steady with last Thursday's noon 
bids at 270.00.

Source: USDA Market News Service, Portland, OR
        Tiffany Smit 503-326-2237 Portland.LGMN@ams.usda.gov
        24 hour price information 503-326-2022

1217p  ts

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