Portland daily grain report

July wheat futures closed 4.25 to 9.25 cents per bushel lower than Friday’s closes.

Portland, Ore., Monday, June 2

USDA Market News

Bids as of noon Pacific time; Subject to change

Bids for grains delivered to Portland, Oregon during June 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 June delivery. Bids

for corn are for 30 day delivery.

July wheat futures closed 4.25 to 9.25 cents per bushel lower than Friday’s closes.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during June trended 6.50 to 9.25 cents per bushel lower than Friday’s noon bids with pressure coming from the lower Chicago July wheat futures. Some exporters are not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June delivery trended 4.25 cents per bushel lower than Friday’s noon bids in lining up with the lower Kansas City July wheat futures. Some exporters are not issuing bids for nearby delivery.

Bids for 14 percent protein US 1 Dark Northern Spring Wheat for June delivery trended 9.25 cents per bushel lower than Friday’s noon bids, with pressure coming from the lower Minneapolis July wheat futures.

Some exporters are 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

Jun mostly 7.1225, ranging 7.0075-7.2075 dn 6.50-9.25

Jul 6.9075-7.1575 dn 6.50-up 1.00

Aug NC 6.9475-7.2175 dn 8.00-up 6.75

Sep 6.9775-7.2175 dn 8.00-up 7.00

Oct 7.1425 no comp

US 1 White Club Wheat - delivered by Unit Trains and Barges

Jun mostly 7.5725, ranging 7.3075-7.7075 dn 6.50-9.25

US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or

better)

Ordinary protein mostly 7.8375, ranging 7.7675-7.8675 dn 4.25

10 pct protein mostly 7.8375, ranging 7.7675-7.8675 dn 4.25

11 pct protein 7.8475-7.9475 dn 4.25

11.5 pct protein

Jun mostly 7.9575, ranging 7.8875-7.9875 dn 4.25

Jul 7.8375-7.9875 dn 4.25

Aug NC 7.8700-8.0700 dn 3.75-up 6.25

Sep 7.8700-8.0700 dn 3.75-up 1.25

Oct 8.0275-8.1775 no comp

12 pct protein 7.9075-7.9875 dn 4.25

13 pct protein mostly 7.9775, ranging 7.9475-7.9875 dn 4.25

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 7.7925-7.9525 dn 9.25

14 pct protein

Jun mostly 8.2825, ranging 8.2225-8.3725 dn 9.25

Jul 8.1225-8.2725 dn 9.25

Aug NC 8.0575-8.3075 dn 9.25-4.25

Sep 7.9575-8.3075 dn 9.25-up 0.75

Oct 8.2725-8.3725 no comp

15 pct protein 8.5125-8.6925 dn 9.25

16 pct protein 8.7525-9.0125 dn 9.25

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 May 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, Ore.

Niki Davila 503-326-2237 Portland.LPGMNams.usda.gov

24 Hour Market Report 503-326-2022

www.ams.usda.gov/mnreports/jo—;gr110.txt

www.ams.usda.gov/lpsmarketnewspage



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