West Coast grain report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during July were mixed, from $6.30 to 6.98, mostly $6.78.

Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated.

PORTLAND GRAIN

(USDA Market News)

Portland

Julu 31

PACIFIC NORTHWEST MARKET SUMMARY

Cash wheat bids for July delivery ended the reporting week on July 31 mixed as follows compared to last week’s July bids. Soft white wheat and hard red winter wheat bids trended mixed, while dark northern spring wheat bids trended higher.

September wheat futures ended the reporting week on July 31 mixed as follows compared to the previous Thursday’s closes: Chicago 1.5 cents higher at $5.30, Kansas City 5.25 cents higher at $6.25 and Minneapolis wheat futures trended 3.75 cents lower at $6.16. Chicago September corn futures trended 4.50 cents lower at $3.57 while August soybean futures closed 17 cents higher at $12.07.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during July were mixed, from $6.30 to 6.98, mostly $6.78. Bids for last Thursday for July delivery were $6.28-6.98, mostly $6.71. White club wheat premiums for this week were 50 cents to $1, mostly 68 cents, and last week were 40 to 65 cents, mostly 50 cents per bushel over soft white wheat bids.

One year ago bids for US 1 Soft White Wheat and white club wheat delivered by unit trains and barges to Portland for August delivery were $7.24-7.34, mostly $7.31.

Nearby bids for US 1 Soft White wheat began the reporting week on Friday at mostly $6.78 then fell to mostly $6.76 on Monday continuing lower mostly $6.69 on Tuesday, before rising to mostly $6.76 on Wednesday. Bids ended the July 31 higher at mostly $6.78.

Some exporters were not issuing bids for nearby delivery. Forward month bids for soft white wheat were as follows: August New Crop 6.8025-6.95, September 6.8025-6.98, October $6.80-7.01 and November $6.85-7.04.

One year ago, forward month bids for soft white wheat were as follows: September $7.24-7.39, October $7.30-7.52, November and December $7.35-7.52.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery trended $5.25 to $10.25 per bushel higher. Higher Kansas City September wheat futures and a higher basis bid by some exporters were supportive to bids. Some exporters were not issuing bids for nearby delivery. On July 31, bids were as follows: July $7.20-7.33, mostly $7.33; August New Crop $7.20-7.45; September $7.30-7.55; October $7.54-7.74 and November $7.49-7.74.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for July Portland delivery trended mixed, from 8.75 lower to 1.25 per bushel higher than last week’s July delivery. Cash bids were pressured by the lower Minneapolis September spring wheat futures for the week, however a higher basis bid by some exporters offered support. Some exporters were not issuing bids for nearby delivery. On July 31, bids for non-guaranteed 14 percent protein were as follows: July $7.91-8.11, mostly $7.99; August New Crop $7.66-8.11; September 7.56-8.21; October and November $7.86-8.41.

COARSE FEEDING GRAINS

Bids for US 2 Yellow Corn delivered to Portland in single rail cars were not available. Bids for US 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Washington, and Hermiston, Oregon, were also not available. Bids for US 2 Heavy White Oats for July delivery held steady at $280.

OUTSTANDING EXPORT SALES

Outstanding U.S. white wheat export sales as of July 24, 2014 for the marketing year beginning June 1, 2014 and ending May 31, 2015, in 1000 MT, totaled 1022.1 thousand MT compared to 1060.4 thousand MT one week ago, and 1035.7 thousand MT one year ago.

Outstanding white wheat export sales for the 2014-2015 marketing year were to the following countries in 1000 MT: Japan 192.4, South Korea 177.3, Philippines 133.6, Sri Lanka 45.0, Indonesia 32.6, Thailand 30.0, Nigeria 24.0, China 20.0, Singapore 15.0, Guatemala 13.8, Taiwan 13.5, El Salvador 12.7, Peru 7.2, Malaysia 5.0, Canada 1.2, Hong Kong 1.1, Burma 0.5, Vietnam 0.3 and total unknown 296.9.

Accumulated white wheat export shipments as of July 24, 2014, in 1000 MT for the 2014-2015 marketing year, totaled 546.2 compared to 368.8 one year ago. Outstanding U.S. barley export sales as of July 24, 2014 for the marketing year beginning June 1, 2014 and ending May 31, 2015, in 1000 MT, totaled 8.8 compared to 8.3 last week and 46.1 one year ago. Outstanding barley export sales for the 2014-2015 marketing year in 1000 MT were to the following countries in 1000 MT: Taiwan 5.0, Japan 2.4, South Korea 1.0 and Philippines 0.4. Accumulated barley export shipments as of July 24, 2014 were 16.1 thousand MT compared to 6.2 one year ago.

PACIFIC NORTHWEST EXPORT NEWS

There were nine grain vessels in Columbia River ports on July 31, with four docked compared to 12 the previous Thursday with four docked. New confirmed export sales this week were limited to Taiwan. Taiwan purchased 10.5 percent protein soft white wheat, 12.5 percent protein hard red winter wheat and 14 percent protein dark northern spring wheat for Sept. 8-22 shipment. Taiwan also purchased 12.5 percent hard red winter wheat and 14 percent protein dark northern spring wheat for Sept. 25 to Oct. 9 shipment.

CALIFORNIA GRAINS

(USDA Market News)

Portland

July 31

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

Mode Destination Price per cwt.

BARLEY - U.S. No. 2 (46-lbs. per bushel)

Truck Petaluma-Santa Rosa Sale $12.00

Stockton-Modesto-Oakdale-Turlock Sale $12.00

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County NA

FOB Glenn County NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock NA

via Union Pacific and BNSF

Tulare - via Union Pacific NA

HULLESS BARLEY - U.S. No. 2 (46-lbs. per bushel)

Yolo County NA

CORN - U.S. No. 2 Yellow

FOB Turlock $9.16

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock $9.46

Los Angeles-Chino Valley NA

Fresno-Tulare-Corcoran-Coalinga NA

Rail Single Car Units via BNSF

Los Angeles-Chino Valley $10.30

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $10.12

Truck Modesto-Oakdale-Turlock NA

OATS - U.S. No. 1 White (36lbs. per bushel)

Truck Los Angeles-Chino Valley

OATS - U.S. No. 2 White

Truck Petaluma NA

Stockton-Modesto-Turlock NA

WHEAT - U.S. No. 2 or better - Hard Red Winter (Domestic Values for Flour Milling)

Truck (CA Origin)

Los Angeles 12 percent Protein $14.31

Los Angeles 13 percent Protein $14.51

Los Angeles 14 percent Protein $14.71

Truck/Rail (Out-Of-State Origin)

Los Angeles 12 percent Protein $13.76

Los Angeles 13 percent Protein NA

Los Angeles 14 percent Protein NA

WHEAT - U.S. Durum Wheat

FOB Imperial County NA

WHEAT - Any Class for Feed

FOB Tulare NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock $12.50

Fresno-Tulare-Kings NA

Merced County NA

Colusa County NA

Kern County NA

Truck/Rail Los Angeles-Chino Valley $13-14

Prices paid to California farmers, seven-day reporting period ending July 31:

WHEAT, US No 2 or better, Hard Red Winter Wheat 13% Protein

No confirmed sales.

WHEAT, US No 2 or better, Hard White Wheat 13% Protein

No confirmed sales.

WHEAT, US No 1, Hard Amber Durum for Flour Milling

No confirmed sales.

BARLEY, US No 2, 48 lbs per bushel

No confirmed sales.

YELLOW CORN, US No 2 or better

No confirmed sales.

SORGHUM, US No 2 or better

No confirmed sales.



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