Portland Daily Grain Report
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 and dark northern spring wheat bids are for full July delivery. Bids for corn are for 30 day delivery.
In early trading September wheat futures trended mixed, from one cent lower to 4.50 cents per bushel higher than Wednesday’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 1.50 cents per bushel higher compared to Wednesday’s noon bids. The higher Chicago September wheat futures supported cash bids.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery were not well tested, but were indicated as 4.50 cents per bushel higher than Wednesday’s noon bids for the same delivery period, in following the higher Kansas City September wheat futures.
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 one cent per bushel lower compared to Wednesday’s noon bids, with pressure coming from the lower Minneapolis September spring 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 6.7725, ranging 6.2875-6.9675
Aug NC 6.7875-6.9500
US 1 White Club Wheat - delivered by Unit Trains and Barges
Jul mostly 7.4525, ranging 6.7875-7.8875
Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.0450-7.2950
10 pct protein 7.0450-7.2950
11 pct protein 7.0650-7.3750
11.5 pct protein
Aug NC 7.1650-7.4150
12 pct protein 7.1650-7.4150
13 pct protein 7.1650-7.5650
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 7.4375-7.5875
14 pct protein
Aug NC 7.6175-8.0675
15 pct protein 8.1075-8.3875
16 pct protein 8.3475-8.7075
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