West Coast grain report

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during June were $6.8350-7.1850, mostly $7.0225.

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

June 19

PACIFIC NORTHWEST MARKET SUMMARY

Cash wheat bids for June delivery ended the reporting week on Thursday, June 19, higher as follows compared to the previous week’s June bids.

July wheat futures ended the reporting week on June 19, higher as follows compared to June 12 closes: Chicago $8.25 cents higher at 5.9350, Kansas City 23.75 cents higher at $7.2925 and Minneapolis wheat futures trended 21 cents higher at $7.03. Kansas City September wheat futures trended 16.50 cents higher at $7.2675. Chicago July corn futures trended 6.50 cents higher at $4.5050 while July soybean futures closed 5.50 cents higher at $14.2075.

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during June were $6.8350-7.1850, mostly $7.0225. Bids were 3.50 to 8.25 cents per bushel higher than last Thursday’s bids for June delivery of $6.7525-7.15, mostly $6.8775. White club wheat premiums for this week and last week were 25 to 50 cents, mostly 37 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 June delivery were not available. Nearby bids for U.S. 1 Soft White wheat began the reporting week on June 13 at mostly $6.8850 and moved higher during the week to mostly $6.9725 on June 16, mostly $6.9775 on June 17 and mostly $6.98 on June 18. June 19, bids moved to the weekly high of $7.0225. Higher Chicago July wheat futures for the week were supportive to the cash bids. Some exporters were not issuing bids for nearby delivery. Forward month bids for soft white wheat were as follows: July 6.7350-7.1850, August New Crop 6.90-7.1750, September $7.0250-7.1750, and October $7.1375-7.2375. One year ago, forward month bids for soft white wheat were as follows: July $7.5425-7.26, August New Crop and September $7.35-7.5925 and October $7.40-7.57.

Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for June delivery trended 29.25 to 41.25 cents per bushel higher than June 12 noon bids. Higher Kansas City July and September wheat futures and a higher basis bid by some exporters were supportive to bids. Most exporters have switched to over the Kansas City September wheat futures for June and July delivery. Some exporters were not issuing bids for nearby delivery. On June 19, bids were as follows: June $8.1675-8.1975, mostly $8.1875; July $8.0675-8.1975; August New Crop $8.0975-8.2175; September $8.1475-8.1975 and October $8.18-8.28.

Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark Northern Spring Wheat for June Portland delivery trended 16 to 46 cents per bushel higher than June 12 noon bids. Higher Minneapolis July spring wheat futures for the week and a higher basis bid by some exporters provided support. Some exporters were not issuing bids for nearby delivery. On June 19, bids for non-guaranteed 14 percent protein were as follows: June $8.28-8.83, mostly $8.55; July 1-10 $8.23-8.73, July 11-31 $8.18-8.53; Aug. 1-10 $8.2175-8.4175, Aug. 11-20 $8.1175-8.4175, Aug. 21-31 $8.0675-8.4175; September $7.9175-8.3675 and October $8.27-8.42.

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 June delivery were $280, steady with June 12 noon bids.

OUTSTANDING EXPORT SALES

Outstanding U.S. white wheat export sales as of June 12, for the marketing year beginning June 1, 2014, and ending May 31, 2015, in 1000 MT, totaled 1013.1 thousand MT compared to 1047.4 thousand MT one week ago, and 924.5 thousand MT one year ago. Outstanding white wheat export sales for the 2014-15 marketing year were to the following countries in 1000 MT: Philippines 164.3, Japan 162.4, South Korea 138.3, Indonesia 88.0, Sri Lanka 45.0, Guatemala 36.9, Thailand 31.2, Malaysia 21.0, Taiwan 14.3, El Salvador 12.7, Peru 7.2, Nigeria 7.1, Vietnam 6.0, Burma 1.4, Hong Kong 1.1, Canada 0.8 and total unknown 275.4. Accumulated white wheat export shipments as of June 12, 2014, in 1000 MT for the 2014-15 marketing year, totaled 86.9 compared to 53.3 one year ago. Outstanding U.S. barley export sales as of June 12, for the marketing year beginning June 1, 2014, and ending May 31, 2015, in 1000 MT, totaled 8.8 compared to 6.5 last week and 27.8 one year ago. Outstanding barley export sales for the 2014-15 marketing year in 1000 MT were to the following countries in 1000 MT: Japan 3.8, Taiwan 3.1, South Korea 1.7 and Philippines 0.2. Accumulated barley export shipments as of June 12, were 13.3 thousand MT compared to 1.8 one year ago.

PACIFIC NORTHWEST EXPORT NEWS

There were 12 grain vessels in Columbia River ports on Thursday, June 19, with four docked compared to 14 June 12 with four docked. New confirmed export sales this week were limited to Japan. Japan purchased a total of 75,100 metric tons of western white wheat and semi-hard hard red winter wheat for loading between July 21 and Aug. 20 from the Pacific Northwest.

CALIFORNIA GRAINS

(USDA Market News)

Portland

June 19

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 NA

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County NA

FOB Yolo County NA

FOB Glenn County NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock NA

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 NA

Stockton-Modesto-Oakdale-Turlock $10.81

Los Angeles-Chino Valley NA

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County NA

Rail Single Car Units via BNSF

Chino Valley $10.97

Los Angeles $10.97

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $11.28

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $15

OATS - U.S. No. 1 White

Truck Los Angeles-Chino Valley $15.75

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 $15.70

Los Angeles 13 percent Protein $15.90

Los Angeles 14 percent Protein $16.10

Truck/Rail Los Angeles 11-12 percent Protein NA

Los Angeles 12 percent Protein $15.15

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 $14.50

Fresno-Tulare-Kings NA

Merced County NA

Colusa County NA

Kern County NA

Truck/Rail Los Angeles-Chino Valley $14.60-15.10

Prices paid to California farmers, seven-day reporting period ending June 19:

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

Kings-Tulare-Fresno $13.15 AH FOB Ranch

Merced-Madera $13.25-13.50 AH FOB Ranch

Merced $13.60 AH FOB Ranch

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

Kern $13.75 AH FOB Ranch

WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling

Imperial $15 AH Del Locally



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