Portland, OR Wed Jul 02, 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 July 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. Hard red winter wheat bids are for full July delivery, and
dark northern spring wheat bids are split for July 2 to 10, July 11 to 20
and July 21 to 31. Bids for corn are for 30 day delivery.
In early trading July wheat futures were 2.75 to 7.25 cents per bushel
lower than Tuesday’s closes. Kansas City September wheat futures trended
5.50 cents per bushel lower while Minneapolis September wheat futures
were seven cents per bushel lower than Tuesday’s closes.
Bids for US 1 Soft White Wheat for July delivery in unit trains or
barges were not fully established in early trading, however bids trended
2.50 to 2.75 cents per bushel lower compared to Tuesday’s noon bids.
Lower Chicago July wheat futures pressured bids.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were not well tested, but were indicated as 5.50 cents per
bushel lower than Tuesday’s noon bids for the same delivery period, in
following the lower Kansas City September 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 all three July delivery periods were not well tested in early
trading but were indicated as seven cents per bushel lower compared to
Tuesday’s noon bids. Bids were pressured by the lower Minneapolis July
and September spring wheat futures. Most exporters are bidding over the
Minneapolis September wheat futures.
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 *
Jul mostly 6.8575, ranging 6.3700-7.0000
Aug NC 6.8000-6.9675
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Jul mostly 7.3575, ranging 6.8700-7.8675
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.6125-7.7125
10 pct protein 7.6125-7.7125
11 pct protein 7.6925-7.7925
11.5 pct protein
Aug NC 7.7325-7.8825
12 pct protein 7.7325-7.8325
13 pct protein 7.7325-7.8325
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 7.5325-8.3225
14 pct protein
Jul 1-10 8.0325-8.8025
Jul 11-20 7.9825-8.5025
Jul 21-31 7.9325-8.3025
Aug NC 7.7825-8.1325
15 pct protein 8.2525-9.1225
16 pct protein 8.5725-9.4425
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 Jun 2014
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 6.9900
US 1 Hard Red Winter (Ordinary protein) 7.8500
US 1 Hard Red Winter (11.5% protein) 7.9700
US 1 Dark Northern Spring (14% protein) 8.3900
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LPGMN@ams.usda.gov
24 Hour Market Report 503-326-2022
8:48 P nd