Portland daily grain report

In early trading July wheat futures were steady to 17 cents per bushel lower than Thursday’s closes.

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

Sep 6.6100-6.8100

Oct 6.6225-6.6725

Nov 6.6225-6.6725

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

better)

Ordinary protein 7.4850-7.5850

10 pct protein 7.4850-7.5850

11 pct protein 7.5650-7.6650

11.5 pct protein

Jul 7.6050-7.7050

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

www.ams.usda.gov/mnreports/jo—;gr110.txt

www.ams.usda.gov/lpsmarketnewspage

8:46 P nd



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