Portland, OR Tue Jul 22, 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 and dark northern spring wheat bids
are for full July delivery. Bids for corn are for 30 day delivery.
In early trading September wheat futures trended 1.25 to 4.50 cents
per bushel lower than Monday’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
mixed, from 4.50 cents lower to 10.50 cents per bushel higher compared to
Monday’s noon bids. The lower Chicago September wheat futures pressured
cash bids, however a higher basis bid by some exporters offered support.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were not well tested, but were indicated as four cents per
bushel lower than Monday’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 tempered the declines.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for July delivery were not well tested in early trading but were
indicated as mixed, from 1.25 cents lower to 18.75 cents per bushel
higher compared to Monday’s noon bids. Bids were pressured by the lower
Minneapolis September spring wheat futures, however a higher basis bid by
some exporters offered support.
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 6.6925, ranging 6.2550-6.9550
Aug NC 6.7050-6.9050
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Jul mostly 7.1925, ranging 6.7550-7.6050
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.0200-7.2700
10 pct protein 7.0200-7.2700
11 pct protein 7.0400-7.3500
11.5 pct protein
Aug NC 7.1400-7.3900
12 pct protein 7.1400-7.3900
13 pct protein 7.1400-7.3900
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 7.5400-7.7400
14 pct protein
Aug NC 7.6200-8.0200
15 pct protein 8.1600-8.5400
16 pct protein 8.4000-8.8600
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
8:47 P nd