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
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
Ordinary protein 7.6400-7.7400
10 pct protein 7.6400-7.7400
11 pct protein 7.7200-7.8200
11.5 pct protein
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
8:54 P nd