Portland, OR Mon Jun 23, 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 five to 7.25 cents per bushel
lower than Friday’s closes. Kansas City September wheat futures trended
5.25 cents per bushel lower and Minneapolis September wheat futures were
also 5.25 cents lower than Friday’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 trended
steady to 5.75 cents per bushel lower compared to Friday’s noon bids.
Lower Chicago July wheat futures weighed on 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 were indicated
as 5.25 to 10.25 cents per bushel lower compared to Friday’s noon
bids. Lower Kansas City September spring wheat futures and a lower basis
bid by some exporters weighed on 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 mixed, from five cents lower to 15 cents per bushel higher
compared to Friday’s noon bids. Bids were pressured by the lower
Minneapolis July and September spring wheat futures, however a higher
basis bid by some exporters offered support. Some exporters are bidding
over the Minneapolis September wheat futures. 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 6.9800, ranging 6.6950-7.2000
Aug NC 6.8600-7.1000
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Jun mostly 7.3475, ranging 6.9950-7.7000
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.8550-7.9050
10 pct protein 7.8550-7.9050
11 pct protein 7.9350-7.9850
11.5 pct protein
Aug NC 7.8750-8.0750
12 pct protein 8.0050-8.0250
13 pct protein 8.0250-8.0650
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 7.7550-8.3750
14 pct protein
Aug 1-10 7.9950-8.2950
Aug 11-20 7.9950-8.2950
Aug 21-31 7.9950-8.2950
15 pct protein 8.3450-9.1750
16 pct protein 8.5850-9.4950
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
Niki Davila 503-326-2237 Portland.LPGMN@ams.usda.gov
24 Hour Market Report 503-326-2022
8:58 P nd