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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 mixed, from 8.25 cents lower to 12.25 cents per bushel higher compared to week ago prices for the same delivery period from 5.80-5.95.

Published on June 1, 2018 2:02PM


TGrains 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 31

Pacific Northwest Market Summary: Cash wheat bids for May delivery ended the reporting week on Thursday, May 31, mixed compared to week ago noon bids for May delivery.

July wheat futures ended the reporting week on Thursday, May 31, lower as follows compared to week ago closes: Chicago wheat futures were four cents lower at 5.2625, Kansas City wheat futures were 6.50 cents lower at 5.4250 and Minneapolis wheat futures trended 22.75 cents lower at 6.12.Chicago July corn futures trended 10.25 cents lower at 3.94 and July soybean futures closed 17.25 cents lower at 10.1850.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during May for ordinary protein trended mixed, from 8.25 cents lower to 12.25 cents per bushel higher compared to week ago prices for the same delivery period from 5.80-5.95. Some exporters were not issuing bids for nearby delivery.

White club wheat premiums were zero to negative 5 cents per bushel over soft white wheat bids this week compared to zero cents per bushel over soft white wheat bids 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 4.7425-4.85 and bids for White Club Wheat were 4.7425-4.95.

Forward month bids for soft white wheat ordinary protein were as follows: June and July 5.80-5.95, August New Crop 5.80-5.90 and September 5.83-5.93.

One year ago, forward month bids for soft white wheat for any protein were as follows: June 4.7925-4.85, July 4.8425-4.85, August New Crop and September 4.7875-4.85.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during May trended mixed, 8.25 cents lower to 12.25 cents per bushel higher than week ago prices for the same delivery period from 5.80-5.95. 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 4.7425-4.8925 and bids for White Club Wheat were 4.8425-4.9425.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: June and July 5.80-5.95 and August New Crop 5.80-5.88.

One year ago, forward month bids for soft white wheat for any protein were as follows: June 4.7925-4.8925, July 4.8425-4.8925, August New Crop 4.6875-4.85 and

September 4.7875-4.8375.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May delivery trended 6.50 cents per bushel lower 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 and June 6.6750-6.9250, July 6.4250-6.9250, August New Crop 6.5075-6.7575 and September 6.7075-6.7575.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during May trended 22.75 cents per bushel lower 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 7.57-7.72, June 7.57-7.62, July 7.52-7.62, August New Crop 7.3975-7.4975 and September 7.3475-7.4475.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BNSF shuttle trains for May delivery were not available as most exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: June 5.04-5.09, July 5.02-5.03, August 4.9825-5.0125 and October 4.9875-5.0375.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BNSF 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: June 11.1350, July 11.1450-11.1650, 11.1925-11.2125 and October 11.3925.

Bids for US 2 Heavy White Oats for May delivery trended steady 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 18 grain vessels in Columbia River ports on Thursday, May 31, with three docked compared to 18 last week with five 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 31

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 10.75

CORN US No 2 Yellow

FOB Modesto-Oakdale-

TurlockBasis 1.33+N

Kings-Tulare-

Fresno 1.33+N

Turlock/Tulare 1.16+N

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 1.31+N

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley 1.40+N

WHEAT US No 2 or better

Hard Red Winter

FOB Kings-Tulare-

Fresno Counties 10.60

WHEAT US Durum Wheat

FOB Imperial County 9.50

AH=As Harvested, N=Nominal, FH=First Half, Ltd=Limited, OC=Old Crop, NC=New Crop, LH =Last Half, Ind=Indicated, Del=Delivered, Inc=Including No Comp=No Comparison, NFE=Not Fully Established, N=Nominal, BNSF=Burlington Northern-Santa Fe Railroad, TBD=To Be Determined, U.P.=Union Pacific Railroad

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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