West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during September for ordinary protein trended steady to eight cents per bushel higher compared to week ago prices for the same delivery period from 4.90-5.20.

Published on September 7, 2017 3:01AM

Last changed on September 7, 2017 10:43PM


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

Sept. 7

Pacific Northwest Market Summary

Cash wheat bids for September delivery ended the reporting week on Thursday, Sept. 7, were steady to higher compared to week ago noon bids for September delivery.

December wheat futures ended the reporting week on Thursday, Sept. 7, higher as follows compared to week ago closes: Chicago wheat futures were 2.75 cents higher at 4.3725, Kansas City wheat futures were 5.50 cents higher at 4.4175 and Minneapolis wheat futures trended 9.25 cents higher at 6.4975. Chicago December corn futures trended 2.50 cents lower at 3.5525 and November soybean futures closed 23.25 cents higher at 9.6875.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during September for ordinary protein trended steady to eight cents per bushel higher compared to week ago prices for the same delivery period from 4.90-5.20.

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 4.65-4.8275 and bids for White Club Wheat were 4.65-4.87.

Forward month bids for soft white wheat ordinary protein were as follows: October and November 5.00-5.20, December 5.00-5.25 and January 5.17-5.30.

One year ago, forward month bids for soft white wheat for any protein were as follows: October 4.7275-4.81, November 4.65-4.86 and December 4.65-4.91.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during September trended steady to eight cents per bushel higher than week ago prices for the same delivery period from 4.90-5.20. 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 4.65-4.8775 and bids for White Club Wheat were 4.65-4.8775.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: October and November 5.00-5.20, December 5.00-5.25 and January 5.17-5.30.

One year ago, forward month bids for soft white wheat for any protein were as follows: October 4.7775, November 4.65-4.8275 and December 4.65-4.7775.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for September delivery were five to 33.00 cents per bushel higher 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: September 5.1675-5.6175, October, November and December 5.4175-5.6675.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during September were 9.25 to 31.25 cents per bushel higher 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: September 7.3975-7.5975, October 7.5975-7.6975, November and December 7.5975-7.7475.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for September delivery were had no recent price comparison available as week ago bids were not available. Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows:

September 4.0225-4.1425, October 4.2325-4.2725, November 4.2025-4.2525, December 4.2725, January and February 4.3975. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for September delivery were trended 23.50 to 29.50 cents higher than week ago bids. Some exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: September 10.4675-10.5675, October 10.4875-10.5475, November 10.4675-10.5475, December 10.5650-10.6250 and January 10.5450-10.6250. Bids for US 2 Heavy White Oats for September delivery trended steady at 3.12 per bushel.

Pacific Northwest Export News: There were five grain vessels in Columbia River ports on Thursday, September 7, with four docked compared to 12 last week with five docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAINS

(USDA Market News)

Sept. 7

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

GRAIN DELIVERED

Prices were not available with the exception of the following categories:

BARLEY US No 2 (46 lbs. per bushel)

Truck Stockton-Modesto

Oakdale-Turlock 10.00

CORN US No 2 Yellow

FOB Kings-Tulare-Fresno 6.85

Turlock/Tulare 8.04

Rail Los Angeles-Chino

Valley via BNSF 8.36

Truck Stockton-Modesto-

Oakdale-Turlock 8.34

Kings-Tulare-

Fresno Counties 8.34

Glenn County 7.65-7.95

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-Chino

Valley via BNSF 8.81



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