Portland Daily Grain Report

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 eight to 10.75 cents per bushel higher than Thursday’s closes.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during July trended 9.25 cents per bushel higher compared to Thursday’s noon bids for the same delivery period. Bids were supported by the higher Chicago September wheat futures. 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 10.75 cents per bushel higher than Thursday’s noon bids for the same delivery period. The higher Kansas City September wheat futures supported cash bids. Some exporters are not issuing bids for nearby delivery.

Bids for 14 percent protein US 1 Dark Northern Spring Wheat for July delivery trended eight cents per bushel higher compared to Thursday’s noon bids for the same delivery period, in following the higher Minneapolis September wheat futures. 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 6.7850, ranging 6.3800-7.0800 up 9.25

Aug NC 6.8300-7.0300 up 9.25

Sep 6.8300-6.9300 up 9.25-5.00

Oct 6.7975-6.9100 up 9.50-unch

Nov 6.8475-6.9475 up 9.50-0.75

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

Jul mostly 7.4450, ranging 6.8800-7.8300 up 9.25-19.25

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

better)

Ordinary protein mostly 7.2725, ranging 7.1425-7.3925 up 10.75

10 pct protein mostly 7.2725, ranging 7.1425-7.3925 up 10.75

11 pct protein 7.2225-7.4725 up 10.75

11.5 pct protein

Jul mostly 7.3525, ranging 7.2125-7.5125 up 10.75

Aug NC 7.2125-7.5125 up 10.75

Sep 7.2125-7.6125 up 10.75-15.75

Oct 7.5525-7.8025 up 11.00

Nov 7.5025-7.8025 up 11.00

12 pct protein 7.2625-7.5125 up 10.75

13 pct protein mostly 7.3925, ranging 7.2625-7.5125 up 10.75

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 7.5975-7.7975 up 8.00

14 pct protein

Jul mostly 8.1075, ranging 7.9775-8.2775 up 8.00

Aug NC 7.6775-8.0775 up 8.00

Sep 7.5775-8.3275 up 8.00

Oct 7.8500-8.4000 up 7.75

Nov 7.8500-8.4000 up 7.75

15 pct protein 8.2175-8.5975 up 8.00

16 pct protein 8.4575-8.9175 up 8.00

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, OR



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