West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during August for ordinary protein trended 17.75 to 33 cents per bushel higher compared to week ago prices.

Published on August 11, 2017 6:09PM


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

Aug. 10

Pacific Northwest Market Summary

Cash wheat bids for August delivery ended the reporting week on Thursday, Aug. 10, were mixed compared to week ago noon bids for August delivery.

September wheat futures ended the reporting week on Thursday, Aug. 10, lower as follows compared to week ago closes: Chicago wheat futures were 17.25 cents lower at 4.4050, Kansas City wheat futures were 11.50 cents lower at 4.4825 and Minneapolis wheat futures trended 10 cents lower at 7.0325. Chicago September corn futures trended 6.25 cents lower at 3.5725 and August soybean futures closed 19.75 cents lower at 9.3075.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during August for ordinary protein trended 17.75 to 33 cents per bushel higher compared to week ago prices for the same delivery period from 5.1550-5.60.

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 August delivery by unit trains and barges to Portland were 4.90-4.95 and bids for White Club Wheat were 4.9175-4.95.

Forward month bids for soft white wheat ordinary protein were as follows: September 5.2050-5.60, October 5.35-5.55, November 5.30-5.55 and December 5.35-5.55.

One year ago, forward month bids for soft white wheat for any protein were as follows: September 4.9675-5.00, October 5.03-5.10, November 5.0650-5.09 and December 5.0650-5.12.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during August trended five to 17.75 cents per bushel higher than week ago prices for the same delivery period from 5.1550-5.25. 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 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 August delivery by unit trains and barges to Portland were 4.9675-5.00 and bids for White Club Wheat were 4.9675-5.0175.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: September 5.2050-5.25, October 5.35-5.3875, November 5.30-5.3875 and December 5.35-5.3875.

One year ago, forward month bids for soft white wheat for any protein were as follows: September 4.9675-5.05 and October and November 5.0150-5.1150.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for August delivery were 11.50 to 21.50 cents per bushel lower compared to week ago noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery.

This week, bids were as follows: August 5.1325-5.4825, September 5.3325-5.5325, October 5.6075-5.7075, November 5.6575-5.7075 and December 5.6575-5.7575.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during August were five to ten cents per bushel lower than week ago 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: August 7.8325-8.1325, September 7.9325-8.1325, October 8.2550-8.3050, November 8.2550-8.3550 and December 8.2550-8.4050.

Coarse feeding grains

Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for August delivery trended 1.25 to 6.25 cents lower from 4.0825-4.1525. Forward month corn bids were as follows: October and November 4.31-4.39 and December 4.34-4.39. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for August delivery were not available as most exporters were not issuing bids for nearby delivery.

Forward month soybean bids were as follows: September 10.1825-10.2225, October 10.2025-10.2425 and November 10.1825-10.2425. Bids for US 2 Heavy White Oats for August delivery

trended steady at 3.1200 per bushel.

CALIFORNIA GRAINS

(USDA Market News)

Aug. 10

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

BARLEY US No 2 (46 lbs. per bushel)

Mode Destination Price per cwt.

Truck Petaluma-Santa Rosa 9.65

Kings-Tulare-

Fresno Counties 8.25

CORN US No 2 Yellow

FOB Kings-Tulare-Fresno 7.90

7.20

Turlock/Tulare 8.13

Rail Los Angeles-

Chino Valley 8.64-8.66

Truck Stockton-Modesto-

Oakdale-Turlock 8.43

Kings-Tulare-

Fresno Counties 8.43

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF 9.16

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties 8.50



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