Portland daily grain report
Bids as of 9:30 a.m. Pacific time July 7; 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. Hard red winter wheat bids are for full July delivery, and dark northern spring wheat bids are split for July 7 to 10, July 11 to 20 and July 21 to 31. Bids for corn are for 30 day delivery.
In early trading July wheat futures were steady to 17 cents per bushel lower than Thursday’s closes. September wheat futures trended 12.25 to 17.25 cents per bushel lower than Thursday’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 mixed, from 19.50 cents lower to three cents per bushel higher compared to Thursday’s noon bids. Lower Chicago July and September wheat futures pressured bids, however a higher basis bid by some exporters offered support.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery were not well tested, but were indicated as 16.75 cents per bushel lower than Thursday’s noon bids for the same delivery period, in following the lower Kansas City September wheat futures. 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 period were not well tested in early trading but were indicated as follows: July 7 to 10, mixed, from 12.25 cents lower to 19.75 cents higher, July 11 to 20, mixed, from 12.25 cents lower to 9.75 cents higher and July 21 to 31, mixed, from 12.25 cents lower to 19.75 cents per bushel higher compared to Thursday’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 support.
All exporters are now bidding over the Minneapolis September wheat futures.
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 6.7200, ranging 6.5100-6.9000
Aug NC 6.6600-6.7600
US 1 White Club Wheat — delivered by Unit Trains and Barges
Jul mostly 7.2200, ranging 7.0100-7.6600
Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.4850-7.5850
10 pct protein 7.4850-7.5850
11 pct protein 7.5650-7.6650
11.5 pct protein
Aug NC 7.6050-7.8050
12 pct protein 7.6050-7.7050
13 pct protein 7.6050-7.7050
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 7.5025-8.8225
14 pct protein
Jul 7-10 8.0025-9.3025
Jul 11-21 7.9525-8.8025
Jul 21-31 7.9025-8.6025
Aug NC 7.7525-8.3025
15 pct protein 8.2225-9.6225
16 pct protein 8.5425-9.9425
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
8:46 P nd