Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Thu May 15, 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 May 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 May delivery.
Bids for corn are for 30 day delivery.

   In early trading July Wheat futures were 9.50 to 11.50 cents per
bushel lower than Wednesday’s closes.

   Bids for US 1 Soft White Wheat for May delivery in unit trains or
barges were not fully established in early trading but bids were 10 to
10.75 cents per bushel lower compared to Wednesday’s noon bids.  Lower
Chicago July wheat futures weighed on cash bids. Some exporters were not
issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery were not fully established in early trading but bids trended
11.50 to 16.50 cents per bushel lower than Wednesday’s noon bids for the
same delivery period.  Lower Kansas City July wheat futures and a lower
basis bid by some exporters pressured bids.  Some exporters are not
issuing bids for nearby delivery.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for May delivery were not well tested in early trading, however
bids were indicated as 9.50 cents per bushel lower than Wednesday’s noon
bids in lining up with the lower Minneapolis July wheat futures.  Some
exporters are not issuing bids for nearby delivery.

   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 *
    May               mostly 7.5625, ranging   7.4450-7.7000
    Jun                                        7.4450-7.5950
    Jul                                        7.2850-7.4850
    Aug NC                                     7.3450-7.4850
    Sep                                        7.3950-7.4850
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    May               mostly 8.0125, ranging   7.7450-8.2000
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.5775-8.6275
  10 pct protein                               8.5775-8.6275
  11 pct protein                               8.6575-8.7075
  11.5 pct protein
    May                                        8.6975-8.7475
    Aug NC                                     8.5500-8.7000
  12 pct protein                               8.7175-8.7675
  13 pct protein                               8.7575-8.8075
_
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                               8.5075-8.5575
  14 pct protein
    May                                        8.9875-9.0375
    Aug NC                                     8.6300-8.9300
  15 pct protein                               9.3075-9.3575
  16 pct protein                               9.6275-9.6775
_
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              Apr 2014
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    7.6500
  US 1 Hard Red Winter (Ordinary protein)      8.5600
  US 1 Hard Red Winter (11.5% protein)         8.7000
  US 1 Dark Northern Spring (14% protein)      8.8100

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

8:53  P ts

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