West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during March for ordinary protein trended 10.00 to 33.50 cents per bushel higher compared to week ago prices for the same delivery period from 5.40-5.9550.

Published on March 2, 2018 2:33PM


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

March 1

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

March wheat futures ended the reporting week on Thursday, March 1, higher as follows compared to week ago closes: Chicago wheat futures were 54.25 cents higher at 5.0550, Kansas City wheat futures were 60.25 cents higher at 5.31 and Minneapolis wheat futures trended 17 cents higher at 6.20. Chicago March corn futures trended 19.50 cents higher at 3.8625 and March soybean futures closed 25.25 cents higher at 10.5750.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during March for ordinary protein trended 10.00 to 33.50 cents per bushel higher compared to week ago prices for the same delivery period from 5.40-5.9550. 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 March delivery by unit trains and barges to Portland were 4.77-4.92 and bids for White Club Wheat were 4.77-5.02.

Forward month bids for soft white wheat ordinary protein were as follows: April 5.40-5.9550, May 5.64-5.9950, June 5.64-5.9750 and August New Crop 5.59-5.9175.

One year ago, forward month bids for soft white wheat for any protein were as follows: April and May 4.77-4.92, June 4.8075-4.82 and August New Crop

4.73-4.85.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during March trended mixed, from five cents lower to 44.25 cents per bushel higher than week ago prices for the same delivery period from 5.20-5.9550.

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 March delivery by unit trains and barges to Portland were 4.77-4.97 and bids for White Club Wheat were 4.87-5.07.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: April 5.40-5.9550, May 5.64-5.9950, June 5.64-5.9750 and August New Crop 5.59-5.9175.

One year ago, forward month bids for soft white wheat for any protein were as follows: April and May 4.77-4.97 and August New Crop 4.80-4.85.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March delivery trended 58.25 to 60.25 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: March 6.79-7.01, April and May 6.7850-6.9850 and June

6.95-7.05.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during March trended 17 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 for non-guaranteed 14 percent protein were as follows: March 7.50-7.55, April 7.4975-4.6975, May 7.5475-7.7475 and June 7.6150-7.7650.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for March delivery trended 16.50 to 19.50 cents per bushel higher than week ago bids for the same delivery period from 4.8125-4.9125.

Some exporters were not issuing bids for nearby delivery. Forward month corn bids

were as follows: April 4.7125-4.8325, May 4.6625-4.8125, June 4.7350-4.7950 and July 4.6450-4.7350.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for March delivery trended 36 cents higher than week ago bids for the same delivery period from 11.46-11.48. Some exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows:

April 11.38-11.48, May 11.48-11.51, June 11.5450-11.5650, July 11.5450-11.5950 and October 11.28. Bids for US 2 Heavy White Oats for March delivery trended steady at 3.1925 per bushel.

Outstanding Export Sales: Outstanding U.S. white wheat export sales can be found at the following link:

https://apps.fas.usda.gov/export-sales/wheat.htm

Outstanding U.S. barley export sales can be found at the following link: https://apps.fas.usda.gov/export-sales/barley.htm

Pacific Northwest Export News: There were 24 grain vessels in Columbia River ports on Thursday, March 1, with five docked compared to 19 last week with four

docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

California Weekly

Grain Report

March 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)

FOB Solano County NA

Colusa County NA

Tehama County NA

Yolo County NA

Rail: Any Origin - via BNSF and U.P.

Los Angeles NA

Stockton-Modesto-

Oakdale-Turlock NA

Tulare County NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock NA

Kings-Tulare-

Fresno Counties NA

Kern County NA

Colusa County NA

Glenn County NA

CORN US No 2 Yellow

FOB Stockton-Modesto-

Oakdale-Turlock NA

Modesto-Oakdale-Turlock NA

Kings-Tulare-Fresno NA

Turlock/Tulare 1.07+K

Rail: Single Car Units via BNSF

Los Angeles-Chino Valley NA

Stockton NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock 1.24+K

Kings-Tulare-

Fresno Counties NA

Glenn County NA

Hanford County NA

Kern County NA

SORGHUM US No 2 Yellow (Milo)

Truck Modesto-Oakdale-Turlock NA

Turlock County NA

Glenn County NA

Kings-Tulare-Fresno NA

OATS US No 1 White (40-lbs. per bushel)

Truck Los Angeles-

Chino Valley NA

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

Rail Petaluma NA

Truck Petaluma NA

Stockton-Modesto-

Oakdale-Turlock NA

Colusa County NA

WHEAT US No 2 or better - Hard Red Winter

(Domestic Values for Flour Milling)

FOB Kern NA

Fresno NA

Merced NA

Truck (California Origin)

LA 12% Protein NA

LA 13% Protein NA

LA 14% Protein A

Colusa County NA

Rail-Truck (Out of State Origin)

LA Guaranteed 12% Protein NA

LA Guaranteed 13% Protein NA

LA Guaranteed 14% Protein NA

WHEAT US Durum Wheat

FOB Imperial County NA

Truck Imperial County NA

Kern County NA

Kings-Tulare-

Fresno Counties NA

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties NA

Kern County NA

Merced County NA

Rail-Truck Los Angeles-Chino Valley

(11-1/2-12-1/2 percent protein NA

13 percent protein NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock 10.25 Del

Kings-Tulare-Fresno Counties NA

Fresno NA

Merced County NA

Kern County NA

Colusa County NA



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