Portland Daily Grain Report

USDA Market News

Bids as of 9:30 a.m. Pacific time; subject to change.

Portland, Ore., Wednesday, Aug. 27

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 mixed with Chicago and Minneapolis September wheat futures 1.75 to 5.75 cents per bushel lower than Tuesday’s close and Kansas City September wheat futures 0.75 of a cent per bushel higher than Tuesday’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 steady to lower compared to Tuesday’s noon bids for the same delivery period. The lower Chicago September wheat futures pressured cash bids.

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 higher compared to Tuesday’s noon bids for the same delivery period.

The lower Kansas City September futures pressured cash bids but were offset by a higher basis bid by some exporters.

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 mixed compared to Tuesday’s noon bids. The lower Minneapolis September wheat futures pressured cash bids however a higher basis bid by some exporters offered support.

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 6.9500, ranging 6.8975-7.0000

Sep 6.8975-7.0300

Oct 7.0050-7.0600

Nov 7.0050-7.0900

Dec 7.0050-7.1200

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

Aug NC mostly 9.0125, ranging 8.4475-9.8975

Not fully established and limited.

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

better)

Ordinary protein 7.0675-7.2475

10 pct protein 7.0675-7.2475

11 pct protein 7.1675-7.3275

11.5 pct protein

Aug NC 7.2175-7.3675

12 pct protein 7.2175-7.3675

13 pct protein 7.2175-7.3675

Not fully established and limited.

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 7.3700-7.8400

14 pct protein

Aug NC 7.6700-8.2400

15 pct protein 7.7900-8.4400

16 pct protein 7.9100-8.6400

Not fully established and limited.

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

Robert Eaton 503-326-2237 Portland.LPGMNams.usda.gov

24 Hour Market Report 503-326-2022

www.ams.usda.gov/mnreports/jo—;gr110.txt

www.ams.usda.gov/lpsmarketnewspage

8:53 P re



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