Portland Weekly Grain Review - Part 2 (Thu) OR
Portland, OR Thu Apr 17, 2014 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 April ended
the reporting week on Thursday, April 17, at 7.6125-7.7625, mostly 7.7175.
Bids were 16.25 to 29.00 cents per bushel higher than last Thursday's bids
for April delivery of 7.3225-7.60, mostly 7.4975. White club wheat premiums
for this week and last week were 50 cents per bushel over soft white wheat
bids. One year ago bids for US 1 Soft White Wheat and white club wheat for
April delivery were 7.8875-7.95, mostly 7.92. Nearby bids for US 1 Soft
White wheat began the reporting week on Friday at mostly 7.4825 then rose to
mostly 7.6050 on Monday, and mostly 7.7875 on Tuesday, before falling lower
to mostly 7.6725 on Wednesday. Today (Thursday), bids moved lower to mostly
7.7175. New confirmed export sales of white wheat this week were to Taiwan
and Japan. Forward month bids for soft white wheat were as follows: May
7.6325-7.7625, June 7.69-7.79, July 7.4825-7.79 and August New Crop 7.4825-
7.5825. One year ago, forward month bids for soft white wheat were as
follows: May 7.9375-8.00, June 7.90-8.10, July 7.6375-7.8225 and August New
Outstanding U.S. white wheat export sales as of April 10, 2014 for the
marketing year beginning June 1, 2013 and ending May 31, 2014, totaled 837.7
thousand MT compared to 907.9 thousand MT on April 3, 2014, and 475.3
thousand MT one year ago. Outstanding white wheat export sales for the
2013-2014 marketing year were to the following countries in 1000 MT: Japan
215.2, Philippines 106.3, Yemen 100.0, South Korea 66.7, Thailand 46.0,
Indonesia 40.0, Guatemala 34.3, Columbia 20.0, Taiwan 12.9, Malaysia 12.5,
Nigeria 7.1, Vietnam 2.3, China 2.0, Mexico 1.4, Burma 1.0, Canada 0.5, Hong
Kong 0.5 and total unknown 169.0. Accumulated white wheat export shipments
as of April 10, 2014, in 1000 MT for the 2013-2014 marketing year, totaled
3549.7 compared to 4124.3 one year ago.
Outstanding U.S. barley export sales as of April 10, 2014 for the
marketing year beginning June 1, 2013 and ending May 31, 2014, in 1000 MT,
totaled 44.1 compared to 44.1 on April 3, 2014 and 4.3 one year ago.
Outstanding barley export sales for the 2013-2014 marketing year in 1000 MT
were to the following countries in 1000 MT: Japan 35.8, South Korea 7.3 and
Taiwan 1.0. Accumulated barley export shipments as of April 10, 2014 were
135.4 thousand MT compared to 131.2 one year ago.
Coarse feeding grains: Bids for US 2 Yellow Corn delivered to Portland
in single rail cars were not available. Bids for US 2 Yellow Corn truck
delivered to the inland feeding areas of Yakima, Washington, and Hermiston,
Oregon were also not available. Bids for US 2 Heavy White Oats for April
delivery were 270.00, steady with last Thursday's noon bids.
Source: USDA Market News Service, Portland, OR
Tiffany Smit 503-326-2237 Portland.LPGMN@ams.usda.gov
24 hour price information 503-326-2022
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