Portland, OR Thu May 22, 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 9.25 to 12.75 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 steady
to 9.25 cents per bushel lower compared to Wednesday’s noon bids. The
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
12.75 cents per bushel lower than Wednesday’s noon bids in lining up with
the lower Kansas City July wheat futures. 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 5.75 to 10.75 cents per bushel lower than
Wednesday’s noon bids. Bids were pressured by a lower basis bid by some
exporters, although some exporters raised their basis which tempered
declines. 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 7.3175, ranging 7.2000-7.5000
Aug NC 7.1275-7.3075
US 1 White Club Wheat - delivered by Unit Trains and Barges *
May mostly 7.7675, ranging 7.5000-8.0000
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 8.0675-8.1675
10 pct protein 8.0675-8.1675
11 pct protein 8.1475-8.2475
11.5 pct protein
Aug NC 8.1525-8.2525
12 pct protein 8.2075-8.2875
13 pct protein 8.2475-8.2875
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 7.9300-8.1500
14 pct protein
Aug NC 8.3000-8.5500
15 pct protein 8.9300-8.9500
16 pct protein 9.2700-9.3300
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
8:50 P ts