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
Aug NC 6.9000-7.1600
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
Ordinary protein 8.0850-8.1350
10 pct protein 8.0850-8.1350
11 pct protein 8.1650-8.2150
11.5 pct protein
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
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