Portland daily grain report

This morning's latest grain prices from Portalnd, Ore.

Portland, Ore., July 1 USDA Market News

Bids as of 9:30 a.m. Pacific time; subject to change

Bids for grains delivered to Portland, Oregon during July by unit trains and barges, in dollars per bushel, except oats, corn and barley, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. All other wheat bids are for full July delivery.

Bids for corn are for 30 day delivery.

In early trading July wheat futures were six to 13.25 cents per bushel lower than Monday’s closes. Kansas City September wheat futures trended 14.25 cents per bushel lower while Minneapolis September wheat futures were ten cents per bushel lower than Monday’s closes.

Bids for US 1 Soft White Wheat for July delivery in unit trains or barges were not fully established in early trading, however bids trended six to ten cents per bushel lower compared to Monday’s noon bids for the same delivery period. Lower Chicago July wheat futures pressured bids.

Some exporters are not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery were not well tested, but were indicated as 14.25 cents per bushel lower than Monday’s noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for July delivery were not well tested in early trading but were indicated as follows: July 1 to 10, mixed, from ten cents lower to nine cents per bushel higher, July 11 to 20, one to ten cents per bushel lower, and July 21 to 31, mixed, from ten cents lower to nine cents per bushel higher compared to Monday’s noon bids. Bids were pressured by the lower Minneapolis July and September spring wheat futures, however a higher basis bid by some exporters offered some support. Most exporters are bidding over the Minneapolis September wheat futures. Some exporters were 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

Jul mostly 6.8475, ranging 6.3875-7.0000

Aug NC 6.8475-6.9475

Sep 6.7975-6.9975

Oct 6.9275-7.0275

Nov 6.9275-7.0275

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

Jul mostly 7.3475, ranging 6.8875-7.5000

Not fully established.

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

better)

Ordinary protein 7.6400-7.7400

10 pct protein 7.6400-7.7400

11 pct protein 7.7200-7.8200

11.5 pct protein

Jul 7.7600-7.8600

Aug NC 7.7600-7.9100

12 pct protein 7.7600-7.8600

13 pct protein 7.7600-7.8600

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 7.5700-8.3800

14 pct protein

Jul 1-10 8.0200-8.8600

Jul 11-20 8.0200-8.5600

Jul 21-31 7.9700-8.3600

Aug NC 7.7200-8.1700

15 pct protein 8.2900-9.1800

16 pct protein 8.6100-9.5000

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

Not well tested.

Exporter Bids Portland Rail/Barge Jun 2014

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 6.9900

US 1 Hard Red Winter (Ordinary protein) 7.8500

US 1 Hard Red Winter (11.5% protein) 7.9700

US 1 Dark Northern Spring (14% protein) 8.3900

Source: USDA Market News Service, Portland, OR

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

8:54 P nd



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