Portland, OR Daily Grain Report

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Portland, OR    Wed Jun 18, 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 10.25 to 26 cents per bushel
higher 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
two to 10.25 cents per bushel higher compared to Tuesday’s noon bids.
Higher Chicago July wheat futures supported bids, while a lower basis bid
by some exporters tempered advances.  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 were indicated
as 28 to 28 cents per bushel higher compared to Tuesday’s noon bids.
Higher Kansas City July spring wheat futures and a higher basis bid by
some exporters were supportive to bids.  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 but were
indicated as 21 to 36 cents per bushel higher compared to Tuesday’s
noon bids.  Higher Minneapolis July spring wheat futures and a higher
basis bid by some exporters were supportive to bids.  Some exporters were
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 *
    Jun               mostly 7.0125, ranging   6.8200-7.1700
    Jul                                        6.7200-7.1700
    Aug NC                                     6.9000-7.1600
    Sep                                        7.0100-7.1600
    Oct                                        NA
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jun               mostly 7.4625, ranging   7.1200-7.6700
  *Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.0850-8.1350
  10 pct protein                               8.0850-8.1350
  11 pct protein                               8.1650-8.2150
  11.5 pct protein
    Jun                                        8.2050-8.2550
    Aug NC                                     8.0975-8.2475
  12 pct protein                               8.2350-8.2550
  13 pct protein                               8.2550-8.2950
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                               7.9975-8.4175
  14 pct protein
    Jun                                        8.3475-8.8975
    Aug 1-10                                   8.3450-8.5450
    Aug 11-20                                  8.2450-8.5450
    Aug 21-31                                  8.1950-8.5450
  15 pct protein                               8.7175-9.1175
  16 pct protein                               9.0375-9.4375
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    7.6100
  US 1 Hard Red Winter (Ordinary protein)      8.6000
  US 1 Hard Red Winter (11.5% protein)         8.7200
  US 1 Dark Northern Spring (14% protein)      8.9000

Source:     USDA Market News Service, Portland, OR
            Tiffany Smit 503-326-2237  Portland.LPGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022

8:54  P ts

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