Portland, OR Thu Jul 17, 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 first half and last half July.
Bids for corn are for 30 day delivery.
In early trading September wheat futures trended 3.50 to 5.75 cents
per bushel lower than Wednesday’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
steady to 4.25 cents per bushel lower compared to Wednesday’s noon bids.
The lower Chicago September wheat futures pressured cash bids.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were not well tested, but were indicated as mixed, from 5.75
cents lower to 4.25 cents per bushel higher than Wednesday’s noon bids
for the same delivery period. Bids were pressured by the lower Kansas
City September wheat futures, however a higher basis bid by some
exporters offered support.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for both July delivery periods were not well tested in early
trading but were indicated as 3.50 cents per bushel lower compared to
Wednesday’s noon bids. Bids were pressured by the lower Minneapolis
September spring 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 6.7150, ranging 6.3375-7.0000
Aug NC 6.7375-6.9000
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Jul mostly 7.2150, ranging 6.8375-7.5000
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.0950-7.2950
10 pct protein 7.0950-7.2950
11 pct protein 7.1150-7.3750
11.5 pct protein
Aug NC 7.2150-7.4150
12 pct protein 7.2150-7.4150
13 pct protein 7.2150-7.4150
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 7.4250-7.7650
14 pct protein
FH Jul 7.7450-8.2450
LH Jul 7.7450-8.2450
Aug NC 7.4450-8.0450
15 pct protein 7.9850-8.5650
16 pct protein 8.2250-8.8850
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
8:49 P nd