West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during February for ordinary protein trended steady to 8.50 cents per bushel higher compared to week ago prices for the same delivery period from 5.30-5.44.

Published on February 5, 2018 4:00PM


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

Feb. 1

Pacific Northwest Market Summary: Cash wheat bids for February delivery ended the reporting week on Thursday, Feb. 1, were mixed compared to week ago noon bids for February delivery.

March wheat futures ended the reporting week on Thursday, Feb. 1, mixed as follows compared to week ago closes: Chicago wheat futures were 16.50 cents higher at 4.51, Kansas City wheat futures were 32 cents higher at 4.67 and Minneapolis wheat futures trended 1.50 cent higher at 6.1175.

Chicago March corn futures trended 6.50 cents higher at 3.6175 and March soybean futures closed 7.25 cents lower at 9.85.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during February for ordinary protein trended steady to 8.50 cents per bushel higher compared to week ago prices for the same delivery period from 5.30-5.44. 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 and last week.

One year ago bids for US 1 Soft White Wheat any protein for February delivery by unit trains and barges to Portland were 4.64-4.7375 and bids for White Club Wheat were 4.84-4.9875.

Forward month bids for soft white wheat ordinary protein were as follows: March 5.30-5.44, April 5.42-5.47, May 5.42-5.50 and August New Crop 5.10-5.30.

One year ago, forward month bids for soft white wheat for any protein were as follows: March 4.64-4.7375, April and May 4.56-4.66 and August New Crop 4.66-4.74.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during February trended steady to 4.50 cents per bushel higher than week ago prices for the same delivery period from 5.25-5.40.

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 February delivery by unit trains and barges to Portland were 4.7875 and bids for White Club Wheat were 4.7875-5.0375.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: March 5.30-5.40, April 5.42-5.4225 and May 5.42-5.4425.

One year ago, forward month bids for soft white wheat for any protein were as follows: March 4.60-4.7875, April and May 4.60-4.61.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February delivery trended 27 to 32 cents per bushel higher than week ago bids for the same delivery period.

Some exporters were not issuing bids for nearby delivery.

This week, bids were as follows: February, March 6.12-6.32, April and May 6.2675-6.3675.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during February trended 1.50 cents per bushel higher than week ago 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: February and March 7.2675-7.5175, April and May 7.4250-7.6250.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for February delivery trended 3.50 to 6.50 cents per bushel higher than week ago bids for the same delivery period from 4.4875-4.5675.

Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: March 4.4675-4.5675, April 4.50-4.55, May 4.46-4.50 and June 4.4475-4.4975.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for February delivery trended 7.25 to 12.25 cents lower than week ago bids for the same delivery period from 10.6510.70.

Some exporters were not issuing bids for nearby delivery.

Forward month soybean bids were as follows: March 10.63-10.65. Bids for US 2 Heavy White Oats for November delivery trended steady at 3.0475 per bushel.

Pacific Northwest Export News: There were 15 grain vessels in Columbia River ports on Thursday, Feb. 1, with six docked compared to 21 last week with eight docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

California Weekly

Grain Report

Feb. 1

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

BARLEY US No 2 (46-lbs. per bushel)

CORN US No 2 Yellow

FOB Turlock/Tulare dn .01

Rail Single Car

Units via BNSF

Los Angeles-

Chino Valley .01-.02

Truck Stockton-Modesto-

Oakdale-Turlock dn .01

8.70 Del

Kings-Tulare-

Fresno Counties dn .01

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF unch



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