West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during May for ordinary protein trended 18.25 to 19 cents per bushel higher compared to week ago prices for the same delivery period from 5.91-6.0825.

Published on May 4, 2018 2:04PM


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

May 3

Pacific Northwest Market Summary: Cash wheat bids for May delivery ended the reporting week on Thursday, May 3, higher compared to week ago noon bids for May delivery.

July wheat futures ended the reporting week on Thursday, May 3, higher as follows compared to week ago closes: Chicago wheat futures were 48.50 cents higher at 5.38, Kansas City wheat futures were 46.75 cents higher at 5.6775 and Minneapolis wheat futures trended 26 cents higher at 6.30. Chicago July corn futures trended 12.75 cents higher at 4.08 and July soybean futures closed 13.75 cents higher at 10.5325.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during May for ordinary protein trended 18.25 to 19 cents per bushel higher compared to week ago prices for the same delivery period from 5.91-6.0825. Some exporters were not issuing bids for nearby delivery.

White club wheat premiums 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 any protein for May delivery by unit trains and barges to Portland were 4.63-4.85 and bids for White Club Wheat were 4.52-4.95.

Forward month bids for soft white wheat ordinary protein were as follows: June 5.91-6.0825, July 5.8625-6.0325, August New Crop 5.5825-5.9325 and September 5.8325-5.9575.

One year ago, forward month bids for soft white wheat for any protein were as follows: June and July 4.64-4.85, August New Crop 4.6725-4.85 and September 4.7725-4.85.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during May trended 10.25 to 19 cents per bushel higher than week ago prices for the same delivery period from 5.91-6.0025. 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 May delivery by unit trains and barges to Portland were 4.62-4.84 and bids for White Club Wheat were 4.62-4.73.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: June 5.91-6.0325, July 5.8825-6.0325 and August New Crop 5.5825-5.9325.

One year ago, forward month bids for soft white wheat for any protein were as follows: June and July 4.64-4.79 and August New Crop 4.6725-4.8225.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May delivery trended 47.00 to 62.00 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: May 6.9375-7.0875, June 6.9775-7.1775, July 6.8775-7.1275 and August New Crop 6.8550-6.9550.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during May trended 31.50 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: May 7.66-7.96, June 7.65-7.80, July 7.70 and August New Crop 7.5650-7.6650.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest-BN shuttle trains for May delivery trended 11.00 to 12.00 cents per bushel higher than week ago bids for the same delivery period from 5.13-5.16. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: June 5.08-5.11, July 5.08-5.13, August 5.1150-5.1350 and October 5.0225. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest-BN shuttle trains for May delivery were not available as most exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: October 11.3450-11.3950 and November 11.2950. Bids for US 2 Heavy White Oats for May delivery trended 14.75 cents higher at 3.63 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 30 grain vessels in Columbia River ports on Thursday, May 3, with six docked compared to 26 last week with four docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAIN

(USDA Market News)

May 3

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

Dollars Per Cwt. -Bulk-

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

Truck:

Kings-Tulare-

Fresno Counties 10.00

Colusa County Offer 11.15

Del Sale 10.00-10.50

CORN US No 2 Yellow

FOB Stockton-

Oakdale-Turlock Basis 1.39+Z

Kings-Tulare-Fresno Basis 1.39+Z

Turlock/Tulare Basis 1.22+Z

Rail: Single Car Units via BNSF

LA-Chino Valley Basis 1.20+N

Truck: Stockton-Modesto-

Oakdale-Turlock Del Sale 8.85

Glenn County Del Sale 8.70

SORGHUM US No 2 Yellow (Milo)

Rail LA-Chino Valley Basis 1.31+N

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties NC 10.75

AH = As Harvested, N = Nominal, NC = New Crop, Del = Delivered, N = Nominal

Chicago and Kansas City Board of Trade’s month symbols: F = January, H = March, K = May, N = July, Q = August, U = September, V = October, X = November, Z = December



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