Portland grain report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during July were 2.25 to 15 cents per bushel lower compared to Friday’s noon bids for the same delivery period.

USDA Market News

Bids as of noon 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 and corn, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. Hard red winter wheat and dark northern spring wheat bids are for full July delivery. Bids for corn are for 30 day delivery.

September wheat futures closed 2.25 to seven cents per bushel lower than Friday’s closes.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during July were 2.25 to 15 cents per bushel lower compared to Friday’s noon bids for the same delivery period. Bids were pressured by the lower Chicago September wheat futures and a lower basis bid by some exporters. Some exporters are not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery trended 0.75 of a cent to 5.75 cents per bushel lower than Friday’s noon bids for the same delivery period. The lower Kansas City September wheat futures pressured cash bids, however a higher basis bid by some exporters tempered the declines. Some exporters are not issuing bids for nearby delivery.

Bids for 14 percent protein US 1 Dark Northern Spring Wheat for July delivery trended seven cents per bushel lower compared to Friday’s noon bids for the same delivery period. The lower Minneapolis September wheat futures pressured cash bids. Some exporters are 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 6.6500, ranging 6.3000-6.8500 dn 2.25-15.00

Aug NC 6.7000-6.8500 dn 2.25-5.00

Sep 6.7000-6.8800 dn 2.25-5.00

Oct 6.6425-6.9100 dn 2.00-5.00

Nov 6.6925-6.9400 dn 2.00-5.00

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

Jul mostly 7.1500, ranging 6.8000-7.3500 dn 2.25-15.00

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

better)

Ordinary protein mostly 7.2100, ranging 7.0600-7.3100 dn 5.75-0.75

10 pct protein mostly 7.2100, ranging 7.0600-7.3100 dn 5.75-0.75

11 pct protein 7.0800-7.3900 dn 5.75-0.75

11.5 pct protein

Jul mostly 7.2900, ranging 7.1800-7.4300 dn 5.75-0.75

Aug NC 7.1800-7.4300 dn 5.75-0.75

Sep 7.1800-7.4300 dn 5.75

Oct 7.3975-7.6975 dn 6.00

Nov 7.3975-7.6975 dn 6.00

12 pct protein 7.1800-7.4300 dn 5.75-0.75

13 pct protein mostly 7.3300, ranging 7.1800-7.4300 dn 5.75-0.75

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 7.4125-7.7525 dn 7.00

14 pct protein

Jul mostly 8.0025, ranging 7.7325-8.2325 dn 7.00

Aug NC 7.4325-8.0325 dn 7.00

Sep 7.3325-7.9825 dn 7.00

Oct 7.8375-8.0875 dn 6.25

Nov 7.8375-8.0875 dn 6.25

15 pct protein 7.9725-8.5525 dn 7.00

16 pct protein 8.2125-8.8725 dn 7.00

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 unch

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



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