Portland, OR Wed Aug 06, 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 August 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 13.25 to 14.25 cents
per bushel higher than Tuesday’s closes.
Bids for US 1 Soft White Wheat for August delivery in unit trains or
barges were not fully established in early trading, however bids trended
mixed from 26.75 cents per bushel lower to 0.25 of a cent higher compared
to Tuesday’s noon bids for the same delivery period. The higher Chicago
September wheat futures supported cash bids but were offset by a
significantly lower basis bid by some exporters.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for August
delivery were not well tested, but were indicated as 14.25 cents
per bushel higher than Tuesday’s noon bids for the same delivery period.
Bids were supported by the higher Kansas City September wheat futures.
Some exporters are not issuing bids for nearby delivery.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for August delivery were not well tested in early trading but were
indicated as 8.75 to 13.75 cents per bushel higher compared to Tuesday’s
noon bids, with support coming from the 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 *
Aug NC mostly 6.9425, ranging 6.6575-7.1075
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Aug NC mostly 7.6475, ranging 7.4500-8.0575
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.4000-7.5500
10 pct protein 7.4000-7.5500
11 pct protein 7.3200-7.6300
11.5 pct protein
Aug NC 7.5200-7.6700
12 pct protein 7.5200-7.6700
13 pct protein 7.5200-7.8200
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 7.5800-7.9500
14 pct protein
Aug NC 8.0800-8.4300
15 pct protein 8.3200-8.7500
16 pct protein 8.5600-9.0700
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 Jul 2014
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 6.6900
US 1 Hard Red Winter (Ordinary protein) 7.3100
US 1 Hard Red Winter (11.5% protein) 7.4200
US 1 Dark Northern Spring (14% protein) 8.1800
Source: USDA Market News Service, Portland, OR
Robert Eaton 503-326-2237 Portland.LPGMN@ams.usda.gov
24 Hour Market Report 503-326-2022
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