Western grain markets
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.
(USDA Market News)
PACIFIC NORTHWEST MARKET SUMMARY
Cash wheat bids for May delivery ended the reporting week on Thursday, May 29, lower compared to the previous week’s May bids.
July wheat futures ended the reporting week on Thursday, May 29, lower as follows compared to May 22 closes: Chicago 26.75 cents lower at $6.3250, Kansas City 21.25 cents lower at $7.3050 and Minneapolis wheat futures trended 16.50 cents lower at $7.1450. Chicago July corn futures trended 7.25 cents lower at $4.6950 while July soybean futures closed 19.75 cents lower at 14.99.
Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during May were $6.9750-7.40, mostly $7.20. Bids were 10 to 26.75 cents per bushel lower than May 22 bids for May delivery of $7.2425-7.50, mostly $7.3450. White club wheat premiums for this week and last week were 30 to 50 cents, mostly 45 cents per bushel over soft white wheat bids. One year ago bids for U.S. 1 Soft White Wheat and white club wheat delivered by unit trains and barges to Portland for May delivery were $7.65-7.8775, mostly $7.7650.
Nearby bids for U.S. 1 Soft White wheat began the holiday shortened reporting week on May 23 at mostly $7.2925 then moved lower to mostly $7.24 on May 27 and on May 28 moved slightly higher to mostly $7.2425. May 29, bids moved to the weekly low of mostly $7.20. Lower Chicago July soft red winter wheat futures each day of the week pressured soft white wheat bids.
Some exporters were not issuing bids for nearby delivery. Forward month bids for soft white wheat were as follows: June $7.0750-7.40, July $6.9050-7.1250, August New Crop $6.9950-7.1250 and September $7.0450-7.1250. One year ago, forward month bids for soft white wheat were as follows: June $7.75-7.9275, July $7.6775-7.8775, August New Crop and September were $7.6625-7.7625.
Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for May delivery trended 21.25 cents per bushel lower than last Thursday’s noon bids in lining up with the lower Kansas City July wheat futures for the week. Some exporters were not issuing bids for nearby delivery. On May 29, bids were as follows: May $850-8.1050, mostly $8.0550; June $850-8.2050; July $7.9550-8.1050; August New Crop $7.9825-8.0825 and September $8.0325-8.1325
Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark Northern Spring Wheat for May Portland delivery trended 11.50 to 16.50 cents per bushel lower than May 22 noon bids. Lower Minneapolis July spring wheat futures weighed on bids, although some exporters raised their basis which tempered the declines. Some exporters were not issuing bids for nearby delivery. On Thursday, bids for non- guaranteed 14 percent protein were as follows: May $8.3950-8.5450, mostly $8.4750; June $8.2950-8.5450; July $8.1450-8.4450; August New Crop $8.1750-8.4250 and September $8.1250-8.3750.
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 May delivery were $280, steady with May 22 noon bids.
OUTSTANDING EXPORT SALES
Outstanding U.S. white wheat and barley export sales as of May 22, will not be available until Friday, May 30, due to the Federal Holiday.
PACIFIC NORTHWEST EXPORT NEWS
There were 12 grain vessels in Columbia River ports on Thursday, May 29, with four docked compared to six May 22 with four docked. New confirmed export sales this week were limited to Japan. Japan purchased the following U.S. wheat in metric tons: 14,600 of western white wheat and 10,190 of semi-hard hard red winter wheat for loading between June 21 and July 20. Japan also purchased 25,665 metric tons of minimum 14 percent protein dark northern spring wheat for loading between July 21 to Aug. 20 and 24,090 of semi-hard hard red winter wheat for arrival by August 31.
(USDA Market News)
Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.
Mode Destination Price per cwt.
BARLEY - U.S. No. 2 (46-lbs. per bushel)
Truck Petaluma-Santa Rosa $13
Colusa County NA
Yolo Country NA
Rail Any origin
via Union Pacific and BNSF NA
Tulare - via Union Pacific NA
HULLESS BARLEY - U.S. No. 2 (46-lbs. per bushel)
Yolo County NA
CORN - U.S. No. 2 Yellow
Truck Petaluma-Santa Rosa $11.45
Los Angeles-Chino Valley NA
Colusa County NA
Rail Single Car Units via BNSF
Chino Valley $11.24
Los Angeles $11.24
SORGHUM - U.S. No. 2 Yellow
Rail Los Angeles-Chino Valley
via BNSF Single $11.78
OATS - U.S. No. 2 White
Truck Petaluma-Stockton-Modesto-Turlock $15
OATS - U.S. No. 1 White
Truck 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 $15.72
Los Angeles 13 percent Protein $15.92
Los Angeles 14 percent Protein $16.12
Truck/Rail Los Angeles 11-12 percent Protein NA
Los Angeles 12 percent Protein $15.17
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 $13.10
Colusa County NA
Imperial County NA
Truck/Rail Los Angeles-Chino Valley $15.50-16.50
Prices paid to California farmers, seven-day reporting period ending May 29:
WHEAT, U.S. No. 2 or better, Hard Red Winter Wheat 13 percent Protein
Kern $13.35-13.50 NC, June-July FOB Ranch
WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling
Imperial $15 NC, June-July DEL Local