Portland Weekly Grain Review - Part 2 (Thu) OR

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Portland, OR    Thu Jan 17, 2013   USDA Market News

Portland Weekly Grain Review Part 2
Pacific Northwest Add Weekly Grain Summary

   Cash Soft White Wheat - Pacific Northwest:  Bids for US 1 Soft White Wheat, 
delivered by unit trains and barges to Portland during January ended the 
reporting week on Thursday, January 17, as 8.50-8.7125, mostly 8.6325, 20.50 to 
26.25 cents per bushel higher compared to last Thursday's bids for January 
delivery of 8.2950-8.45, mostly 8.36.  There were no white club wheat premiums 
for nearby delivery for this week or last week.  One year ago bids for US 1 Soft 
White Wheat and white club wheat for January delivery were 6.20-6.30, mostly 
6.23.  Nearby bids for US 1 Soft White wheat began the reporting week on Friday 
at mostly 8.3675, then rose to mostly 8.5225 on Monday, continuing higher to 
mostly 8.6275 and mostly 8.65 on Wednesday in reaction to the higher Chicago 
March wheat futures.  Today (Thursday), the ended the reporting week bids moved 
slightly lower to mostly 8.6325.  New confirmed export sales of white wheat this 
week were limited to Japan.  Forward month bids for soft white wheat were as 
follows:  February and March 8.6625-8.75, April 8.7475-8.80 and May 8.7475-8.85.  
One year ago, forward month bids for soft white wheat were as follows:  February 
6.25-6.35, March 6.30-6.35, April 6.34-6.35, May 6.35-6.36 and August New Crop 
   Outstanding U.S. white wheat export sales as of January 10, 2013 for the 
marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 1234.9 
thousand MT compared to 1219.5 thousand MT on January 3, 2012, and 1253.1 
thousand MT one year ago.  Outstanding white wheat export sales for the 2012-2013 
marketing year were to the following countries in 1000 MT:  Japan 277.8, South 
Korea 169.0, Egypt 165.0, Philippines 155.0, Thailand 62.5, China (Main) 55.5, 
Yemen 50.0, Nigeria 30.4, Taiwan 18.2, Vietnam 2.6, Canada 2.0, Malaysia 2.0, 
Mexico 1.8, Burma 1.5, Hong Kong 1.4 and total unknown 240.2.  Accumulated white 
wheat export shipments as of January 10, 2013, in 1000 MT for the 2012-2013 
marketing year, totaled 2653.1 compared to 3072.7 one year ago.

   Outstanding U.S. barley export sales as of January 10, 2013 for the marketing 
year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 2.6 
compared to 1.1 on January 3, 2012 and 0.2 one year ago.  Outstanding barley 
export sales for the 2012-2013 marketing year in 1000 MT were to the following 
countries in 1000 MT:  Taiwan 1.3, Japan 0.8 and South Korea 0.5.  Accumulated 
barley export shipments as of January 10, 2013 were 120.2 thousand MT compared to 
82.6 one year ago.

   Coarse feeding grains:  Bids for US 2 Yellow Corn delivered to Portland in 
single rail cars were 302.25-303.50, 9.25 per ton higher than last Thursday's 
bids of 293.00-294.25.  Bids for US 2 Yellow Corn truck delivered to the inland 
feeding areas of Yakima, Washington, and Hermiston, Oregon were 297.00-306.50, 
8.75 to 9.25 per ton higher than last Thursday's bids of 287.75-297.75.  Bids for 
US 2 Heavy White Oats for January delivery trended 5.00 per ton higher than last 
Thursday's noon bids at 270.00.

Source: USDA Market News Service, Portland, OR
        Tiffany Smit 503-326-2237 Portland.LGMN@ams.usda.gov
        24 hour price information 503-326-2022

1242p  ts

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