Portland, OR Daily Grain Report

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JO_GR110
Portland, OR    Fri Feb 15, 2013    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 February 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.  All other wheat bids are for full February delivery.
Bids for corn are for 30 day delivery.

   March wheat futures trended 3.50 to 7.75 cents per bushel higher
compared to Thursday’s closes.

   Bids for US 1 Soft White Wheat for February delivery in unit trains
or barges were not fully established but were indicated as mixed, from
0.25 cents lower to ten cents per bushel higher than Thursday’s noon
bids for February delivery.  Some exporters were not issuing bids for
nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February
delivery were not fully established in early trading but were indicated
as five to six cents per bushel higher compared to Thursday’s noon bids
for the same delivery period.  Higher Kansas City March wheat futures
were supportive to cash bids.  Some exporters raised their basis which
supported cash bids.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for February delivery were not fully established in early trading
but were indicated as 3.50 to 8.50 cents per bushel higher than
Thursday’s noon bids in reaction to the higher Minneapolis March wheat
futures and a higher basis bid by some exporters.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 6.25 cents per cwt higher than Thursday’s noon
bids.  Corn bids truck delivered to the Yakima Valley trended five to
6.25 cents per cwt higher than Thursday’s noon bids.  Higher Chicago
March corn futures were supportive to cash corn bids in early trading.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.6875, ranging   8.6000-8.7475
    Mar                                        8.6975-8.7975
    Apr                                        8.7200-8.8200
    May                                        8.7200-8.8300
    Aug NC                                     7.7850-8.0350
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.6875, ranging   8.6000-8.7475
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.5600-8.8800
  10 pct protein                               8.5600-8.8800
  11 pct protein                               8.7600-9.0200
  11.5 pct protein
    Feb                                        8.8600-9.1000
    Aug NC                                     8.5375-8.7375
  12 pct protein                               8.9100-9.1300
  13 pct protein                               9.0000-9.1900
_
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                               9.1275-9.2775
  14 pct protein
    Feb                                        9.3275-9.4775
    Aug NC                                     9.3775-9.4275
  15 pct protein                               9.3275-9.4775
  16 pct protein                               9.3275-9.4775
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.5750-14.5875
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.4250-14.9125

US 2 Heavy White Oats in dollars per CWT **    13.5000
 ** Not well tested.

Exporter Bids Portland Rail/Barge              Jan 2013
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.5300
  US 1 Hard Red Winter (Ordinary protein)      8.9100
  US 1 Hard Red Winter (11.5% protein)         9.2100
  US 1 Dark Northern Spring (14% protein)      9.4800

Source:     USDA Market News Service, Portland, OR
            Tiffany Smit 503-326-2237  Portland.LGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/jo_gr110.txt
            www.ams.usda.gov/lpsmarketnewspage

8:58  P ts

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