West Coast grain price report

Published on July 15, 2017 3:32PM


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

July 13

PACIFIC NORTHWEST MARKET SUMMARY

Cash wheat bids for June delivery ended the reporting week on Thursday, July 13, were lower compared to last week’s noon bids for June delivery.

September wheat futures ended the reporting week on Thursday, July 13, lower as follows compared to last week’s closes: Chicago wheat futures were 27.25 cents lower at 5.1175, Kansas City wheat futures were 31 cents lower at 5.1550 and Minneapolis wheat futures trended 19.50 cents lower at 7.4950. Chicago September corn futures trended 20.75 cents lower at 3.6975 and August soybean futures closed 10.25 cents lower at 9.7550.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during July for ordinary protein trended 17.25 to 23 cents per bushel lower compared to week ago prices for the same delivery period from 5.2175 to 5.35. Some exporters were not issuing bids for nearby delivery. White club wheat premiums were zero to five cents per bushel over soft white wheat bids this week compared and last week.

One year ago bids for US 1 Soft White Wheat any protein for July delivery by unit trains and barges to Portland were 5.00-5.1975 and bids for White Club Wheat were also 5.00-5.1975.

Forward month bids for soft white wheat ordinary protein were as follows: August New Crop 5.2175-5.35 and September 5.2675-5.40.

One year ago, forward month bids for soft white wheat for any protein were as follows: August New Crop and September 5.00-5.1975.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during July trended 17.25 to 25 cents per bushel lower than week ago prices for the same

delivery period from 5.2175-5.35. 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 five cents per bushel over soft white wheat bids this week and last week.

One year ago bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein for July delivery by unit trains and barges to Portland were 5.1975-5.2975 and bids for White Club Wheat were 5.20-5.3975.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: August New Crop 5.2175-5.35, September 5.2675-5.40, October 5.40-5.50 and November 5.45-5.50.

One year ago, forward month bids for soft white wheat for any protein were as follows: August New Crop 5.0975-5.20 and September 5.1975-5.2475.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery were 31 cents per bushel lower compared to last week’s noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: July 5.9050-6.1050, August New Crop 5.8550-6.1050, September 5.9050-6.1050, October and November 6.07-6.27.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during July were 19.50 cents per bushel lower than last week’s noon bids for the same delivery period.

Some exporters were not issuing bids for nearby delivery. This week, bids for non-guaranteed 14 percent protein were as follows: July and August New Crop 8.4950-8.6450, September 8.4950-8.7450, October

8.83-8.98 and November 8.83-9.03.

COARSE FEEDING GRAINS

Bids for US 2 Yellow Corn delivered full coast PacificNorthwest - BNSF shuttle trains for July delivery trended 18.75 to 20.75 cents lower from 4.1975-4.2175.

Forward month corn bids were as follows: August 4.1875-4.2075, October, November and December 4.48-4.51.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BNSF shuttle trains for July delivery trended 10.25 cents lower compared to week ago prices for the same delivery period at 10.4350-10.4750. Some exporters were not issuing bids for nearby delivery.

Forward month soybean bids were as follows: August 10.4550, September 10.6550, October 10.6750 and November 10.6550. Bids for US 2 Heavy White Oats for April delivery trended steady at 3.2650 per bushel.

Pacific Northwest Export News

There were 18 grain vessels in Columbia River ports on Thursday, July 13, with three docked compared to 14 last week with four docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAINS

(USDA Market News)

July 13

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.

Paid by feed manufacturers and other users, delivered plant or receiving station. All prices are offers for prompt shipment unless otherwise stated.

Due to limited availability, prices were not available with the exception of the following categories.

BARLEY US No 2 (46 lbs. per bushel)

Truck Kings-Tulare-

Fresno Counties 8.60

CORN US No 2 Yellow

FOB Kings-Tulare-Fresno 8.10

7.60

Turlock/Tulare 8.30

Rail Los Angeles-

Chino Valley 8.66

Truck Stockton-Modesto-

Oakdale-Turlock 8.60

Kings-Tulare-

Fresno Counties 8.60

Glenn County 8.65

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF 8.62

WHEAT US Durum Wheat

Truck Imperial County 13.00

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties 9.90



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