Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Thu Jun 20, 2013    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 June 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 June delivery.  Bids for
corn are for 30 day delivery.

   July wheat futures trended mixed, from 2.75 lower to 0.50 of a cent
per bushel higher compared to Wednesday’s closes, with the most decline
in Chicago and the advance in Minneapolis.  Minneapolis September wheat
futures trended 1.25 cents per bushel lower and Kansas City September
wheat futures trended 2.50 cents per bushel lower than Wednesday’s
closes.

   Bids for US 1 Soft White Wheat for June delivery in unit trains
or barges were not available as most exporters were not issuing bids for
nearby delivery.  Bids for July delivery trended mixed, from 2.75 cents
lower to two cents per bushel higher than Wednesday’s noon bids for July
delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June
delivery were not fully established in early trading but bids were
indicated as 1.75 to 2.75 cents per bushel lower than Wednesday’s noon
bids in following the lower Kansas City July and September futures.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for June delivery were not fully established in early trading but
bids were indicated as one cent per bushel lower compared to Wednesday’s
noon bids.  Lower Minneapolis July and September wheat futures weighed on
bids.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 15 cents per cwt lower than Wednesday’s noon
bids.  Corn bids truck delivered to the Yakima Valley also trended 15
cents per cwt lower than Wednesday’s noon bids.  Corn bids were pressured
by the lower Chicago July corn futures.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Jun                                        NA
    Jul               mostly 7.5725, ranging   7.5625-7.5925
    Aug NC                                     7.3500-7.5625
    Sep                                        7.4000-7.5625
    Oct                                        7.4500-7.5275
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jun                                        NA
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.4600-8.7300
  10 pct protein                               8.4600-8.7300
  11 pct protein                               8.5400-8.8300
  11.5 pct protein
    Jun                                        8.5800-8.8800
    Aug NC                                     8.2300-8.3800
  12 pct protein                               8.6000-8.8800
  13 pct protein                               8.6300-8.8800
_
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                               8.7850-9.0750
  14 pct protein
    Jun                                        8.9850-9.2350
    Aug NC                                     8.8850-9.0350
  15 pct protein                               8.9850-9.2350
  16 pct protein                               8.9850-9.2350
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.8750-14.8875
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.3000-14.8875

US 2 Heavy White Oats in dollars per CWT **    13.7500
 ** Not well tested.

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

  US 1 Soft White by Unit Trains and Barges    7.7100
  US 1 Hard Red Winter (Ordinary protein)      8.7900
  US 1 Hard Red Winter (11.5% protein)         8.9300
  US 1 Dark Northern Spring (14% protein)      9.3000

Source:     USDA Market News Service, Portland, OR
            Tiffany Smit 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/lpsmarketnewspage

9:01  P ts

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