West Coast grain price report

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during March for ordinary protein trended eight cents per bushel lower compared to week ago prices for the same delivery period at $4.56-4.71.

Published on March 20, 2017 10:35AM

Last changed on March 20, 2017 10:38AM


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

March 17

PACIFIC NORTHWEST MARKET SUMMARY

Cash wheat bids for March delivery ended the reporting week on Thursday, March 16, were mixed, compared to March 10 noon bids for March delivery.

May wheat futures ended the reporting week on Thursday, March 16, mixed as follows compared to March 10 closes: Chicago wheat futures were eight cents lower at $4.36, Kansas City wheat futures were 12.50 cents lower at $4.50 and Minneapolis wheat futures trended 9.25 cents higher at $5.48. Chicago May corn futures trended one cent lower at $3.66 and May soybean futures closed 9.50 cents lower at $10.0150.

Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during March for ordinary protein trended eight cents per bushel lower compared to week ago prices for the same delivery period at $4.56-4.71. Some exporters were not issuing bids for nearby delivery. White club wheat premiums were zero to 15 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 March 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: April and May $4.56-4.77, June $4.61-4.75 and August New Crop $4.6050-4.67.

One year ago, forward month bids for soft white wheat for any protein were as follows: April through August New Crop not available.

Bids for U.S. 1 Soft White Wheat guaranteed maximum 10.5 percent protein during March trended eight to ten cents per bushel lower compared to week ago price for the same delivery period at $4.56-4.80. 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 10 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 March delivery by unit trains and barges to Portland were $5.38-5.4075 and bids for White Club Wheat were $5.4075-5.93. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: April and May $4.56-4.80 and August New Crop $4.6550-4.80.

One year ago, forward month bids for soft white wheat for any protein were as follows: April $5.4325-5.50, May $5.4825-5.52, June $5.4975-5.55 and August New Crop $4.92-5.3375.

Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for March delivery were 12.50 cents per bushel lower compared to March 10 noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery. Bids were as follows: March $5.30-5.55, April $5.30-5.50, May $5.30-5.45, June $5.3675-5.4657 and August New Crop $5.36-5.51.

Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark Northern Spring Wheat for Portland delivery during March were 9.25 cents per bushel higher than last week’s 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: March, April and May $6.48-6.83, June $6.5325-6.7825 and August New Crop $6.7425-6.7925.

COARSE FEEDING GRAINS

Bids for U.S. 2 Yellow Corn delivered full coast Pacific Northwest - BNSF shuttle trains for March delivery trended 11 to 46 cents lower from $4.36-4.46. Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: April $4.44-4.47, May $4.41-4.46, June and July $4.3950-4.4550. Bids for U.S. 1 Yellow Soybeans delivered full coast Pacific Northwest - BNSF shuttle trains for March delivery trended 14.50 to 19.50 cents lower from $10.5650-10.6150. Some exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: April and May $10.6150-10.6650, October $10.8350-10.8550 and November $10.7750-10.7950. Bids for U.S. 2 Heavy White Oats for March delivery trended steady at $3.2650 per bushel.

PACIFIC NORTHWEST EXPORT NEWS

There were 35 grain vessels in Columbia River ports on Thursday, March 16, with five docked compared to 39 last week with six docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAINS

(USDA Market News)

Portland

March 16

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)

FOB Kern County NA

Rail Los Angeles NA

Stockton-Modesto-Oakdale-Turlock NA

Kings-Tulare-Fresno Counties NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock $8.75

Kings-Tulare-Fresno Counties $8.70

Colusa County NA

CORN-U.S. No. 2 Yellow

FOB Turlock-Tulare $8.39

Modesto-Oakdale-Turlock NA

Kings-Tulare-Fresno $7.55

Rail Single Car Units via BNSF

Chino Valley-Los Angeles $8.62

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock $8.70

Los Angeles-Chino Valley NA

Kings-Tulare-Fresno Counties $8.70

Kern County $8.90

SORGHUM-U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $8.27

OATS-U.S. No. 2 White

Truck Petaluma NA

Stockton-Modesto-Oakdale-Turlock NA

WHEAT-U.S. No. 2 or better-Hard Red Winter

(Domestic Values for Flour Milling)

Los Angeles 12 percent Protein NA

Los Angeles 13 percent Protein NA

Los Angeles 14 percent Protein NA

Truck/Rail Los Angeles 11-12 percent Protein

Los Angeles 12 percent Protein NA

Los Angeles 13 percent Protein NA

Los Angeles 14 percent Protein NA

WHEAT-U.S. Durum Wheat

Truck Kern County NA

Kings-Tulare-Fresno Counties NA

WHEAT-Any Class for Feed

FOB Tulare NA

Kings-Tulare-Fresno Counties $9.05

Kern County NA

Truck/Rail Los Angeles-Chino Valley NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-Oakdale-Turlock NA

King-Tulare-Fresno Counties NA

Fresno NA

Merced County NA

Colusa County NA

Kern County NA

Prices paid to California farmers, seven-day reporting period ending March 3:

BARLEY, U.S. No. 2, 48 lbs. per bushel

Stockton $8.75 Spot Del Locally

YELLOW CORN, U.S. No. 2 or better

Kern $8.90 Spot Del Locally



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