Western grain markets

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during June were $6.7225-7.1725, mostly $6.9975.

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 26

PACIFIC NORTHWEST MARKET SUMMARY

Cash wheat bids for June delivery ended the reporting week on Thursday, June 26, lower as follows compared to last week’s June bids.

July wheat futures ended the reporting week on Thursday, June 26, lower as follows compared to June 19 closes: Chicago 11.25 cents lower at $5.8225, Kansas City 8.25 cents lower at $7.21 and Minneapolis wheat futures trended 24 cents lower at $6.79. Kansas City September wheat futures trended 12 cents lower at $7.1475. Minneapolis September wheat futures trended 15 cents lower at $6.8675. Chicago July corn futures trended $7.75 cents lower at $4.4275 while July soybean futures closed 16.25 cents higher at $14.37.

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during June were $6.7225-7.1725, mostly $6.9975. Bids were 1.25 to 11.25 cents per bushel lower than June 19 bids for June delivery of $6.8350-7.1850, mostly $7.0225. 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 20 at mostly $7.0175 before moving slightly lower to mostly $6.9825 on June 23 and continuing to mostly $6.9225 on June 24. On June 25, bids moved higher to mostly $6.9525 and end the week June 25, at mostly $6.9975.

Soft white wheat bids followed the Chicago July wheat futures lower then higher during the reporting week. Chicago July wheat futures were lower compared to last week. Some exporters were not issuing bids for nearby delivery.

Forward month bids for soft white wheat were as follows: July $6.6225-7.1725, August New Crop $6.8375-7.0375, September $6.8875-7.0375 and October $7.04-7.09. One year ago, forward month bids for soft white wheat were as follows: July $7.22, August New Crop $7.22-7.25, September $7.22-7.30 and October $7.2225-7.35.

Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for June delivery trended 12 to 15 cents per bushel lower than June 19 noon bids. Lower Kansas City September wheat futures weighed on bids. Some exporters were not issuing bids for nearby delivery. On Thursday, bids were as follows: June $8.0475; July $8.0475-8.0975; August New Crop $8.0475-8.1475; September $8.0475-8.1975 and October $8.03-8.28.

Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark Northern Spring Wheat for June Portland delivery trended 4.25 to 16.25 cents per bushel lower than June 19 noon bids. Lower Minneapolis July spring wheat futures for the week pressured bids, although some exporters raised their basis and tempered advances.

Some exporters were not issuing bids for nearby delivery. On Thursday, bids for non-guaranteed 14 percent protein were as follows: June $8.2375-8.6675, mostly $8.3875; July $7.9875-8.4675; August New Crop $7.9175-8.3675; September $7.7675-8.3175 and October $8.13-8.43.

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 19 noon bids.

OUTSTANDING EXPORT SALES

Outstanding U.S. white wheat export sales as of June 19, for the marketing year beginning June 1, 2014, and ending May 31, 2015, in 1000 MT, totaled 940.9 thousand MT compared to 1013.1 thousand MT one week ago, and 1,005.4 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 178.3, South Korea 177.4, Japan 129.5, Sri Lanka 45.0, Thailand 30.6, Guatemala 25.6, Malaysia 20.5, Indonesia 18.0, Taiwan 14.3, El Salvador 12.7, Peru 7.2, Nigeria 7.1, Hong Kong 1.1, Burma 1.0, Canada 0.7 and total unknown 271.9. Accumulated white wheat export shipments as of June 19, 2014, in 1000 MT for the 2014-2015 marketing year, totaled 255.7 compared to 54.4 one year ago.

Outstanding U.S. barley export sales as of June 19, for the marketing year beginning June 1, 2014, and ending May 31, 2015, in 1000 MT, totaled 7.4 compared to 8.8 last week and 26.7 one year ago. Outstanding barley export sales for the 2014-15 marketing year in 1000 MT were to the following countries in 1000 MT: Taiwan 3.1, Japan 2.4, South Korea 1.7 and Philippines 0.2. Accumulated barley export shipments as of June 19, were 14.6 thousand MT compared to 3.3 one year ago.

PACIFIC NORTHWEST EXPORT NEWS

There were 12 grain vessels in Columbia River ports on Thursday, June 26, with four docked compared to the same 12 June 19 with four docked. New confirmed export sales this week were limited to Taiwan. Taiwan purchased the following wheat in metric tons in two consignments Aug. 5-19 and Aug. 22 to Sept. 5. The first consignment included 13,450 of soft white wheat, 13,080 of 12.5 percent protein hard red winter wheat and 25,500 of 14 percent protein dark northern spring wheat. The second consignment included 17,100 of 12.5 percent protein hard red winter wheat and 27,050 of 14 percent protein dark northern spring wheat.

CALIFORNIA GRAINS

(USDA Market News)

Portland

June 26

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 Sale $12.25

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County $13

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 $10.57

Los Angeles-Chino Valley NA

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County NA

Rail Single Car Units via BNSF

Chino Valley $10.83

Los Angeles $10.83

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $11.14

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 $15.46

Los Angeles 13 percent Protein $15.66

Los Angeles 14 percent Protein $15.86

Truck/Rail Los Angeles 11-12 percent Protein NA

Los Angeles 12 percent Protein $15.08

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 $12.75

Stockton-Modesto-Oakdale-Turlock $12.50

Fresno-Tulare-Kings NA

Merced County NA

Colusa County NA

Kern County NA

Truck/Rail Los Angeles-Chino Valley $14.40-14.90

Prices paid to California farmers, seven-day reporting period ending June 26:

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

Kings-Tulare-Fresno $12.90 AH FOB Ranch

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

Kings-Tulare-Fresno $12.90 AH FOB Ranch

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

Imperial $15 AH Del Locally



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