Portland, OR Thu Jul 24, 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 0.25 of a cent to
1.75 cents per bushel higher 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
1.75 cents per bushel higher compared to Wednesday’s noon bids. The
higher Chicago September wheat futures supported 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 one to six cents per
bushel higher than Wednesday’s noon bids for the same delivery period.
Bids were supported by the higher Kansas City September wheat futures and
a higher basis bid by some exporters.
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 0.25 of a cent per bushel higher compared to Wednesday’s
noon bids, in following the fractionally higher 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 6.7450, ranging 6.3250-7.0250
Aug NC 6.7750-6.9750
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Jul mostly 7.2450, ranging 6.8250-7.6750
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.0250-7.3250
10 pct protein 7.0250-7.3250
11 pct protein 7.0450-7.4050
11.5 pct protein
Aug NC 7.1450-7.4450
12 pct protein 7.1450-7.4450
13 pct protein 7.1450-7.4450
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 7.5325-7.7325
14 pct protein
Aug NC 7.6125-8.0125
15 pct protein 8.1525-8.5325
16 pct protein 8.3925-8.8525
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
8:51 P nd