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 mixed, from 13 cents lower to six cents per bushel higher compared to week ago prices for the same delivery period from 4.90 to 5.12.

Published on September 2, 2017 11:02AM


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. 31

Pacific Northwest Market Summary

Cash wheat bids for August delivery ended the reporting week on Thursday, Aug. 31, mixed compared to week ago noon bids for August delivery.

September wheat futures ended the reporting week on Thursday, August 31, mixed as follows compared to week ago closes: Chicago wheat futures were 1.25 cents higher at 4.1025, Kansas City wheat futures were 3.25 cents higher at 4.0875 and Minneapolis wheat futures trended 32 cents lower at 6.1850.

Chicago December corn futures trended 1.50 cents higher at 3.5775 and November soybean futures closed 1.25 cents lower at 9.4525.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during August for ordinary protein trended mixed, from 13 cents lower to six cents per bushel higher compared to week ago prices for the same delivery period from 4.90 to 5.12.

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 September delivery by unit trains and barges to Portland were 4.63-4.69 and bids for White Club Wheat were 4.65-4.76.

Forward month bids for soft white wheat ordinary protein were as follows: September 4.90-5.12, October and November 5.00-5.12 and December 5.00-5.1450.

One year ago, forward month bids for soft white wheat for any protein were as follows: October 4.5825-4.77, November 4.5825-4.83 and December 4.5825-4.88.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during August trended mixed, from 13 cents lower to six cents per bushel higher than week ago prices for the same delivery period from 4.90-5.12.

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 September delivery by unit trains and barges to Portland were 4.5825-4.7325 and bids for White Club Wheat were 4.5825-4.7325.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: September 4.90-5.12, October and November 5.00-5.12 and

December 5.00-5.1450.

One year ago, forward month bids for soft white wheat for any protein were as follows: October 4.6325-4.6825, November 4.6325-4.7225 and December 4.6325-4.65.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for August delivery were 3.25 to 21.25 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 4.7375-5.2675, September 4.8375-5.5675, October 5.3625-5.6125, November and December 5.3625-5.6125.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during August were 10 to 32 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 6.9850-7.5050, September 7.0850-7.5050, October, November and

December 7.5050-7.6550.

Coarse feeding grains: Bids for US 2 Yellow Corn 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 corn bids were as follows: October 4.2575-4.2975, November 4.2275-4.2575 and December 4.2575-4.2975.

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 10.2325-10.2725, October 10.2525-10.2925 and November 10.2325-10.2925.

Bids for US 2 Heavy White Oats for August delivery trended steady at 3.12 per bushel.

Pacific Northwest Export News: There were 12 grain vessels in Columbia River ports on Thursday, Aug. 31, with five docked compared to six last week with three docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAINS

(USDA Market News)

Aug. 31

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

GRAIN DELIVERED

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

BARLEY US No 2 (46 lbs. per bushel)

Dollars Per Cwt. Bulk

BARLEY US No 2 (46 lbs. per bushel)

Truck Stockton-Modesto-

Oakdale-Turlock 10.00

Colusa County 10.00

CORN US No 2 Yellow

FOB Kings-Tulare-Fresno 6.75

Turlock/Tulare 8.10

Rail Los Angeles-

Chino Valley 8.13

Truck Stockton-Modesto-

Oakdale-Turlock 8.41

Kings-Tulare-

Fresno Counties 8.41

Glenn County 7.65-7.80

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-Chino

Valley via BNSF 8.38

OATS US No 2 White (38 lbs. per bushel)

Truck Petaluma 11.50



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