Portland , OR Weekly Grain Review - Part 1 (Thu)
Portland, OR Thu Apr 17, 2014 USDA Market News
Portland Weekly Grain Review Part 1
Pacific Northwest Weekly Grain Summary
Pacific Northwest Market Summary: Cash wheat bids for April delivery
ended the reporting week on Thursday, April 17, moderately higher
compared to last week's April bids.
May wheat futures ended the reporting week on Thursday, April 17,
higher as follows compared to last Thursday's closes: Chicago 29.00
cents higher at 6.9125, Kansas City 35.50 cents higher at 7.2250 and
Minneapolis wheat futures trended 31.75 cents higher at 7.3275. Chicago
May corn futures trended 6.50 cents lower at 4.9475 while May soybean
futures closed 31.75 cents higher at 15.14.
Bids for US 1 Soft White Wheat delivered to Portland in unit trains or
barges during April were 16.25 to 29 cents per bushel higher than last
Thursday's bids for April delivery. Higher Chicago May wheat futures for
the week were supportive to bids, although some exporters lowered their
basis which tempered the advances.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April
delivery trended 20.50 to 25.50 cents per bushel higher than last
Thursday's noon bids for the same delivery period. Bids were supported
by the higher Kansas City May wheat futures for the week. On Thursday,
bids were as follows: April 8.63-8.78, mostly 8.72; May 8.58-8.73; June
8.55-8.70; July 8.50-8.55 and August New Crop 8.2650-8.4640.
Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring
Wheat for April Portland delivery trended 21.75 cents per bushel higher
than last Thursday's noon bids for the same delivery period. The higher
Minneapolis May wheat futures for the week were supportive to bids,
although a lower basis bid by some exporters tempered the advances. On
Thursday, bids for non-guaranteed 14 percent protein were as follows:
April 8.7275-8.8275, mostly 8.7875; May 8.6775-8.8275; June 8.6975-
8.7975; July 8.4975-8.6975 and August New Crop 8.26-8.46.
There were 23 grain vessels in Columbia River ports on Thursday, April
17, with five docked compared to 19 last Thursday with five docked. New
confirmed export sales this week was to Japan and Taiwan. Taiwan
purchased the following wheat in metric tons (mt): 13,500 of 10.5
percent protein soft white wheat, 10,350 of 12.5 percent protein hard red
winter wheat and 28,900 of 14.5 percent protein dark northern spring
wheat for May 29 to June 12 shipment. Taiwan also purchased 10,850 mt of
13 percent protein northern spring wheat and 28,900 mt of 14.5 per cent
protein dark northern spring wheat. Japan purchased the following US
wheat in mt: 28,021 of western white wheat and 30,300 of minimum 14
percent protein dark northern spring wheat for two shipments between May
21 and July 20.
Source: USDA Market News, Portland, OR
Tiffany Smit 503-326-2237 Portland.LPGMN@ams.usda.gov
24 hour price information 503-326-2022
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