Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Fri Nov 16, 2012    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 November 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 November delivery.
Bids for corn are for 30 day delivery.

   December wheat futures trended 10.50 to 15 cents per bushel lower
than Thursday’s closes.  March Minneapolis wheat futures were 13.25 cents
per bushel lower than Thursday’s closes, and March Kansas City wheat
futures were steady compared to Thursday’s closes.

   Bids for US 1 Soft White Wheat for November delivery in unit trains
or barges were not available in early trading, as most exporters were not
issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for November
delivery were not fully established in early trading, but were indicated
as 0.50 of a cent to 10.50 cents per bushel lower than Thursday’s noon
bids for November delivery.  Lower Kansas City December wheat futures
pressured bids.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for November delivery were not fully established in early trading,
but bids were indicated as 13.25 cents per bushel lower compared to
Thursday’s noon bids for November delivery.  Lower Minneapolis December
and March wheat futures pressured cash bids.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 3.75 to 13.75 cents per cwt lower compared to
Thursday’s noon bids.  Lower Chicago December corn futures pressured cash
corn bids, however a higher basis bid by some corn traders tempered the
declines somewhat.  Corn bids truck delivered to the Yakima Valley
trended 13.75 cents per cwt lower compared to Thursday’s noon bids.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Nov                                        NA
    Dec                                        NA
    Jan                                        8.6000-8.7000
    Feb                                        8.6500-8.7000
    Mar                                        8.6500-8.7500
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Nov                                        NA
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             9.3100-9.4800
  10 pct protein                               9.3100-9.4800
  11 pct protein                               9.4900-9.6800
  11.5 pct protein
    Nov                                        9.5600-9.7800
  12 pct protein                               9.5800-9.8100
  13 pct protein                               9.6200-9.8700
_
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                               9.7250-9.8650
  14 pct protein
    Nov                                        9.9250-10.0250
  15 pct protein                               9.9250-10.0250
  16 pct protein                               9.9250-10.0250
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.8000-14.9250
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.3000-14.5750

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

Exporter Bids Portland Rail/Barge              Oct 2012
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.7500
  US 1 Hard Red Winter (Ordinary protein)      9.3900
  US 1 Hard Red Winter (11.5% protein)         9.6600
  US 1 Dark Northern Spring (14% protein)      10.1700

Source:     USDA Market News Service, Portland, OR
            Niki Davila 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/lsmarketnews

9:03  P nd

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