Portland Weekly Grain Review - Part 2 (Thu) OR

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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 
Crop 7.6375-7.65.

   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

1220p  ts

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