Portland, Ore., Friday, Aug. 22, USDA Market News
Bids for grains delivered to Portland, Oregon during August 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 August delivery. Bids for corn are for 30 day delivery.
In early trading September wheat futures trended 7.25 to 12.50 cents per bushel higher than Thursday’s closes.
Bids for US 1 Soft White Wheat for August delivery in unit trains or barges were not fully established in early trading but bids were indicated as 3.50 to 7.25 cents per bushel higher compared to Thursday’s noon bids for the same delivery period. The higher Chicago September wheat futures supported cash bids, however a lower basis bid by some exporters tempered the advances.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for August delivery were not fully established in early trading, but were indicated as 12.50 cents per bushel higher than Thursday’s noon bids for the same delivery period. Bids were supported by the higher Kansas City September wheat futures.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for August delivery were not fully established in early trading but were indicated as 12 to 22 cents per bushel higher compared to Thursday’s noon bids. The higher Minneapolis September wheat futures and a higher basis by some exporters supported cash bids.
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
Aug NC mostly 6.9775, ranging 6.9350-7.0350
US 1 White Club Wheat - delivered by Unit Trains and Barges
Aug NC mostly 8.5725, ranging 8.4350-8.7500
Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 7.1250-7.2750
10 pct protein 7.1250-7.2750
11 pct protein 7.2050-7.3550
11.5 pct protein
Aug NC 7.2450-7.3950
12 pct protein 7.2450-7.3950
13 pct protein 7.2450-7.3950
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 7.2775-7.7775
14 pct protein
Aug NC 7.6775-8.1775
15 pct protein 7.8775-8.3775
16 pct protein 8.0775-8.5775
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 14.5000
Not well tested.
Exporter Bids Portland Rail/Barge Jul 2014
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 6.6900
US 1 Hard Red Winter (Ordinary protein) 7.3100
US 1 Hard Red Winter (11.5% protein) 7.4200
US 1 Dark Northern Spring (14% protein) 8.1800
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LPGMNams.usda.gov
24 Hour Market Report 503-326-2022
8:49 P nd