Portland Weekly Grain Review - Part 2 (Thu) OR

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Portland, OR    Thu Mar 7, 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 March ended the reporting 
week on Thursday, March 7, at 8.50-8.6050, mostly 8.5775, four to ten cents per 
bushel lower compared to last Thursday's noon bids of 8.62-8.6450, mostly 8.6375 
for the same delivery period.  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 March delivery were 7.10-7.23, mostly 7.15.  Nearby bids 
for US 1 Soft White wheat began reporting week on Friday at mostly 8.7025 then 
fell lower to mostly 8.5175 on Monday before rising to mostly 8.60 on Tuesday and 
dropped again on Wednesday to mostly 8.4575.  Today (Thursday), the end of the 
reporting week bids slightly higher to mostly 8.5775.  New confirmed export sales 
of white wheat this week were limited to Japan.  Forward month bids for soft 
white wheat were as follows:  April and May 8.42-8.6050 and August New Crop 
7.4650-7.6150.  One year ago, forward month bids for soft white wheat were as 
follows:  April 7.10-7.23, May 7.08-7.23, June 6.95-7.10, July 6.70-7.00 and 
August New Crop 6.65-6.70.

   Outstanding U.S. white wheat export sales as of February 28, 2013 for the 
marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 726.3 
thousand MT compared to 803.9 thousand MT on February 21, 2012, and 1621.1 
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 149.5, South 
Korea 137.7, Philippines 120.0, Egypt 55.0, Thailand 50.0, Nigeria 19.2, Taiwan 
13.8, Burma 3.0, Malaysia 1.5, Canada 1.3, Vietnam 0.5, Hong Kong 0.3 and total 
unknown 174.5.  Accumulated white wheat export shipments as of February 28, 2013, 
in 1000 MT for the 2012-2013 marketing year, totaled 3577.1 compared to 3914.5 
one year ago.

   Outstanding U.S. barley export sales as of February 28, 2013 for the marketing 
year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 2.2 
compared to 2.4 on February 21, 2012 and 2.1 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 1.1, Japan 0.8 and South Korea 0.3.  Accumulated 
barley export shipments as of February 28, 2013 were 121.8 thousand MT compared 
to 82.8 one year ago.

   Coarse feeding grains:  Bids for US 2 Yellow Corn delivered to Portland in 
single rail cars were 294.00-296.25, 6.50 to 7.75 per ton lower than last 
Thursday's bids of 300.50-304.00.  Bids for US 2 Yellow Corn truck delivered to 
the inland feeding areas of Yakima, Washington, and Hermiston, Oregon were 
293.25-301.50, 3.00 to 4.50 per ton lower than last Thursday's bids of 296.25-
306.00.  Lower Chicago March corn futures weighed on cash corn bids.  Bids for US 
2 Heavy White Oats for March delivery held steady with 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

1244p  ts

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