Bids as of 12:00 p.m. Pacific time; Subject to change
Bids for grains delivered to Portland, Oregon during May by unit trains and barges, in dollars per bushel, except oats and corn, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. All other wheat bids are for full May delivery. Bids for corn are for 30 day delivery.
July wheat futures closed 0.50 of a cent to 2.25 cents per bushel lower than Tuesday’s closes.
Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during May trended steady to 2.25 cents per bushel lower than Tuesday’s noon bids with pressure coming from the lower Chicago July wheat futures, however a higher basis bid by some exporters tempered the declines. Some exporters are not issuing bids for nearby delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May delivery trended 2.25 cents per bushel lower than Tuesday’s noon bids in lining up with the lower Kansas City July wheat futures. Some exporters were not issuing bids for nearby delivery.
Bids for 14 percent protein US 1 Dark Northern Spring Wheat for May delivery trended 0.50 of a cent per bushel lower than Tuesday’s noon bids, with pressure coming from the fractionally lower Minneapolis July wheat futures. Some exporters were not issuing bids for nearby delivery.
Bids for US 2 Yellow Corn delivered to Portland and the Yakima Valley were not available.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
May mostly 7.2425, ranging 7.0375-7.4000 dn 2.25-unch
Jun 7.1375-7.4000 up 7.75-unch
Jul 6.9675-7.2050 dn 2.25-up 2.50
Aug NC 7.0550-7.3000 dn 2.50-unch
Sep 7.1050-7.2050 dn 2.50-0.50
US 1 White Club Wheat - delivered by Unit Trains and Barges
May mostly 7.6925, ranging 7.3375-7.9000 dn 2.25-unch
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein mostly 7.9900, ranging 7.9400-8.0400 dn 2.25
10 pct protein mostly 7.9900, ranging 7.9400-8.0400 dn 2.25
11 pct protein 8.0200-8.1200 dn 2.25
11.5 pct protein
May mostly 8.1100, ranging 8.0600-8.1600 dn 2.25
Jun 8.0600-8.2600 dn 2.25
Jul 8.0100-8.1600 dn 2.25
Aug NC 8.0350-8.1350 dn 1.75
Sep 8.0850-8.1850 dn 1.75
12 pct protein 8.0800-8.1600 dn 2.25
13 pct protein mostly 8.1400, ranging 8.1200-8.1600 dn 2.25
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 8.0500-8.1100 dn 0.50
14 pct protein
May mostly 8.5100, ranging 8.4300-8.5800 dn 0.50
Jun 8.3300-8.5800 dn 0.50
Jul 8.1800-8.4800 dn 0.50
Aug NC 8.2075-8.4575 dn 0.25
Sep 8.1575-8.4075 dn 0.25
15 pct protein 8.6700-8.9000 dn 0.50
16 pct protein 8.9100-9.2200 dn 0.50
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland NA
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley NA
US 2 Heavy White Oats in dollars per CWT 14.0000 unch
Not well tested.
Exporter Bids Portland Rail/Barge Apr 2014
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 7.6500
US 1 Hard Red Winter (Ordinary protein) 8.5600
US 1 Hard Red Winter (11.5% protein) 8.7000
US 1 Dark Northern Spring (14% protein) 8.8100
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LPGMNams.usda.gov
24 Hour Market Report 503-326-2022