Northwest grain market summary

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during December for ordinary protein trended 1 to 35 cents per bushel higher compared to week ago prices for the same delivery period at $4.45-4.56.

Published on January 2, 2017 9:52AM


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

Dec. 29

PACIFIC NORTHWEST MARKET SUMMARY

Cash wheat bids for December delivery ended the reporting week on Thursday, Dec. 29, were mixed compared to Dec. 22 noon bids for December delivery.

March wheat futures ended the reporting week on Thursday, Dec. 29, lower as follows compared to Dec. 22 closes: Chicago wheat futures were 7.75 cents higher at $4.0475, Kansas City wheat futures were 7.25 cents higher at $4.1525 and Minneapolis wheat futures trended .50 of a cent higher at $5.3550. Chicago March corn futures trended 2.50 cents higher at $3.4975 and January soybean futures closed 8.75 cents higher at $10.0325.

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during December for ordinary protein trended 1 to 35 cents per bushel higher compared to week ago prices for the same delivery period at $4.45-4.56. Some exporters were not issuing bids for nearby delivery. White Club Wheat premiums were zero to 25 cents per bushel over soft white wheat bids this week and last week.

One year ago bids for U.S. 1 Soft White Wheat any protein for December delivery by unit trains and barges to Portland were not available and bids for White Club Wheat were also not available. Forward month bids for soft white wheat ordinary protein were as follows: January and February $4.45-4.56, March $4.3975-4.56 and April $4.4575-4.5775. One year ago, forward month bids for soft white wheat for any protein were as follows: January, February and March $4.70-5.30 and April not available.

Bids for U.S. 1 Soft White Wheat guaranteed maximum 10.5 percent protein during December trended 4.75 to 8 cents per bushel higher than week ago prices for the same delivery period at $4.50-4.5475. Some exporters were not issuing bids for nearby delivery. White club wheat premiums for guaranteed maximum 10.5 percent protein soft white wheat this week were zero to 25 cents per bushel over soft white wheat bids this week and last week.

One year ago bids for U.S. 1 Soft White Wheat guaranteed maximum 10.5 percent protein for December delivery by unit trains and barges to Portland were $6.35-6.50 and bids for White Club Wheat were not available. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: January and February $4.50-4.5475, March $4.3975-4.5475, and April $4.4575-4.6275.

One year ago, forward month bids for soft white wheat for any protein were as follows: January $6.20-6.50, February and March $6.25-6.50 and April $6.3150-6.50.

Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for December delivery were 7.25 cents per bushel higher compared to Dec. 22 noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery. Bids were as follows: December $4.8525-5.1025, January and February $525-5.10, March $5.0525-5.1025 and April $5.12.

Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark Northern Spring Wheat for Portland delivery during December were 0.50 of a cent per bushel higher than Dec. 22 noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery. Bids for non-guaranteed 14 percent protein were as follows: December $6.4050-6.6050, January, February and March $6.3550-6.6050 and April $6.4175-6.5675.

COARSE FEEDING GRAINS

Bids for U.S. 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for December delivery trended 2.50 to 5.50 cents higher from $4.3775-4.4775. Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: January $4.3775-4.4775, February $4.3775-4.4775, March $4.3575-4.4575, April and May $4.3075-4.3175. Bids for U.S. 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for December delivery was not available. Some exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: January $10.9625-1125, February $10.9575-10.9875 and March $10.8775. Bids for U.S. 2 Heavy White Oats for December delivery trended steady at $3.2650 per bushel.

PACIFIC NORTHWEST EXPORT NEWS

There were 24 grain vessels in Columbia River ports on Thursday, Dec. 29, with six docked compared to 26 last week with five docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.



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