Portland and California grain markets

Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during March ended the reporting week on Thursday, March 27, at $7.85-7.8550, mostly $7.8525.

Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated.

PORTLAND GRAIN

(USDA Market News)

Portland

March 28

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during March ended the reporting week on Thursday, March 27, at $7.85-7.8550, mostly $7.8525. Bids were 6.75 to 30 cents per bushel higher than March 21 bids for March delivery of $7.55-7.5785, mostly $7.67. 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 U.S. 1 Soft White Wheat and white club wheat for March delivery were $8.45-8.5675, mostly $8.5225.

Nearby bids for U.S. 1 Soft White wheat began the reporting week on March 21 at the weekly low of mostly $7.6175 then rose to mostly $7.6725 on March 24, continuing to mostly $7.7425 on March 25 before moving slightly lower to mostly $7.7350 on March 26. March 27, bids jumped higher to the weekly high of mostly $7.8525.

Several exporters were not issuing bids for nearby delivery. There were no new confirmed export sales of white wheat this week. Forward month bids for soft white wheat were as follows: April $7.85-8.1050, May $7.85-7.9550, June $7.7950-7.8450 and August New Crop $7.5225-7.5725.

One year ago, forward month bids for soft white wheat were as follows: April $8.53-8.5675, May $8.45-8.5675, June $8.48-8.55 and August New Crop $7.65-7.8250.

Outstanding U.S. white wheat export sales as of March 20, for the marketing year beginning June 1, 2013, and ending May 31, 2014, totaled 1037.0 thousand MT compared to 1087.7 thousand MT on March 13 and 675.6 thousand MT one year ago.

Outstanding white wheat export sales for the 2013-14 marketing year were to the following countries in 1000 MT: Japan 286.1, South Korea 130.3, Philippines 116.3, Yemen 100.0, Thailand 68.0, Indonesia 40.0, Guatemala 37.8, Taiwan 24.0, Colombia 20.0, Malaysia 12.5, Vietnam 8.5, Nigeria 7.1, China 2.0, Mexico 1.4, Burma 1.0, Canada 0.7, Hong Kong 0.3 and total unknown 181.0. Accumulated white wheat export shipments as of March 20, in 1000 MT for the 2013-14 marketing year, totaled 3273.0 compared to 3844.9 one year ago.

Outstanding U.S. barley export sales as of March 20, for the marketing year beginning June 1, 2013, and ending May 31, 2014, in 1000 MT, totaled 42.9 compared to 43.2 on March 13, and 1.9 one year ago. Outstanding barley export sales for the 2013-14 marketing year in 1000 MT were to the following countries in 1000 MT: Japan 35.8, South Korea 6.6 and Taiwan 0.5. Accumulated barley export shipments as of March 20, were 135.2 thousand MT compared to 131.2 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were not available. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash,, and Hermiston, Ore., were also not available. Bids for U.S. 2 Heavy White Oats for March delivery were $270, steady with last Thursday’s noon bids.

CALIFORNIA GRAINS

(USDA Market News)

Portland

March 28

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

Mode Destination Price per cwt.

BARLEY - U.S. No. 2 (46-lbs. per bushel)

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock $13.25

Fresno-Tulare-Corcoran-Coalinga $13

Colusa County NA

Yolo Country NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock NA

via Union Pacific and BNSF NA

Tulare - via Union Pacific NA

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock $11.95

Los Angeles-Chino Valley NA

Fresno-Tulare-Corcoran-Coalinga NA

Solano County NA

Rail Single Car Units via BNSF

Chino Valley $11.96

Los Angeles $11.96

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $12.45

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock NA

Los Angeles-Chino Valley $15.50

WHEAT - U.S. No. 2 or better - Hard Red Winter

(Domestic Values for Flour Milling)

Kings County 13 percent Protein NA

Los Angeles 12 percent Protein NA

Los Angeles 13 percent Protein NA

Los Angeles 14 percent Protein NA

Truck/Rail Los Angeles 11-12 percent Protein NA

Los Angeles 12 percent Protein $16.65

Los Angeles 13 percent Protein $NA

Los Angeles 14 percent Protein NA

WHEAT - U.S. Durum Wheat

Truck Imperial County NA

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock NA

Fresno-Tulare-Kings $13.60

Colusa County NA

Imperial County NA

Truck/Rail Los Angeles-Chino Valley $16.75-17

Prices paid to California farmers, seven-day reporting period ending March. 28:

WHEAT, U.S. No. 2 or better, Hard White Wheat 13 percent Protein

Kern $13.85 FOB Ranch

Kern $14.15 NC, June-July FOB Ranch

Kings, Tulare, Kern $14.83 NC, June-July del. locally

Kern $15 NC, June-July del. locally

Tulare $15 NC, June-July del. locally

YELLOW CORN, U.S. No. 2 or better

Kings, Tulare, Kern $10.54 NC, August-September del. locally



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