Portland, OR Wed Jun 11, 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 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.
In early trading July wheat futures were mixed from 2.75 cents lower
to 0.75 of a cent higher per bushel than Tuesday’s closes.
Bids for US 1 Soft White Wheat for June delivery in unit trains or
barges were not fully established in early trading, however bids were
steady to 0.75 of a cent per bushel higher compared to Tuesday’s noon
bids. The marginally higher Chicago July wheat futures supported cash
bids. Some exporters are not issuing bids for nearby 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 trended
2.50 cents per bushel lower than Tuesday’s noon bids following the
lower Kansas City July wheat futures. Some exporters were not issuing
bids for nearby delivery.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for June delivery were not well tested in early trading, however
bids were mixed from 2.75 cents per bushel lower to 7.25 cents per bushel
higher compared to Tuesday’s noon bids. The lower Minneapolis July spring
wheat futures pressured cash bids, however a higher basis bid by some
exporters provided support.
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 *
Jun mostly 7.1125, ranging 6.9200-7.3000
Aug NC 6.9900-7.1400
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Jun mostly 7.5075, ranging 7.2200-7.8000
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.8150-7.9150
10 pct protein 7.8150-7.9150
11 pct protein 7.8950-7.9950
11.5 pct protein
Aug NC 7.8750-7.9750
12 pct protein 7.9550-8.0350
13 pct protein 7.9950-8.0350
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 7.8175-8.0375
14 pct protein
Aug NC 8.1350-8.2850
15 pct protein 8.5075-8.8375
16 pct protein 8.7475-9.1575
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 May 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
Robert Eaton 503-326-2237 Portland.LPGMN@ams.usda.gov
24 Hour Market Report 503-326-2022
8:51 P re