West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during June for ordinary protein trended 10 cents per bushel higher compared to week ago prices for the same delivery period from 5.90-6.05.

Published on June 8, 2018 5:14PM


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

June 7

Pacific Northwest Market Summary: Cash wheat bids for June delivery ended the reporting week on Thursday, June 7, mixed compared to week ago noon bids for June delivery.

July wheat futures ended the reporting week on Thursday, June 7, mixed as follows compared to week ago closes: Chicago wheat futures were 0.50 of a cent higher at 5.2675, Kansas City wheat futures were two cents higher at 5.4450 and Minneapolis wheat futures trended 14.50 cents lower at 5.9750. Chicago July corn futures trended 17.75 cents lower at 3.7625 and July soybean futures closed 44.25 cents lower at 9.7425.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during June for ordinary protein trended 10 cents per bushel higher compared to week ago prices for the same delivery period from 5.90-6.05. Some exporters were not issuing bids for nearby delivery.

White club wheat premiums were zero to negative 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 June delivery by unit trains and barges to Portland were 4.7975-4.9975 and bids for White Club Wheat were 4.7975-5.0475.

Forward month bids for soft white wheat ordinary protein were as follows: July 5.9-6.05, August New Crop 5.85-6.00, September 5.90-6.04 and October

5.90-6.1025.

One year ago, forward month bids for soft white wheat for any protein were as follows: July 4.85-4.9975, August New Crop 4.8375-4.9425, September 4.86-4.9425 and October 4.89-5.05.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during June trended 10 cents per bushel higher than week ago prices for the same delivery period from 5.90-6.05. 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 June delivery by unit trains and barges to Portland were 4.7975-5.0475 and bids for White Club Wheat were 4.7975-5.0975.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: July 4.8975-5.0475, August New Crop 4.8425-4.9925 and September 4.8925-4.9925.

One year ago, forward month bids for soft white wheat for any protein were as follows: July 5.90-6.05, August New Crop 5.8425-6.00, September 5.90-6.04 and October 5.90-6.1025.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June delivery trended two 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: June 6.6950-6.9450, July 6.4450-6.9450, August New Crop 6.53-6.78, September 6.73-6.78 and October 6.8675-7.0175.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during June trended 14.50 to 24.50 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 for non-guaranteed 14 percent protein were as follows: June 7.3250-7.4750, July 7.2750-7.4750, August New Crop 7.2750-7.3750 and September 7.2250-7.2750.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for June delivery trended 22.75 to 24.75 cents per bushel lower than week ago bids for the same delivery period. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: June 4.8125-4.8425, July 4.7925, August 4.7825-4.8125, September 4.7525-4.7925, October and November 4.8175-4.8775.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for June delivery were not available as most exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: August 10.7975, September 10.9175, November and October 10.9475. Bids for US 2 Heavy White Oats for June 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 24 grain vessels in Columbia River ports on Thursday, June 7, with six docked compared to 18 last week with three docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAIN

(USDA Market News)

June 7

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 Del

Glenn County 10.25 Del

CORN US No 2 Yellow

FOB Modesto-Oakdale-

Turlock 1.36+N

Kings-Tulare-

Fresno 1.36+N

Turlock/Tulare 1.19+N

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 1.29+N

Truck Kings-Tulare-

Fresno Counties 8.50 Del/Sept

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley 1.37+N

WHEAT US No 2 or better - Hard Red Winter

(Domestic Values for Flour Milling)

FOB Merced 10.25

Kings-Tulare-

Fresno Counties 10.65

WHEAT US Durum Wheat

FOB Imperial County 9.50

WHEAT Any Class for Feed

Truck Stockton-Modesto-

Oakdale-Turlock 10.00 Del

Colusa County 9.75 Del

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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