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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 July for ordinary protein trended steady compared to week ago prices for the same delivery period from 5.80-5.90.

Published on July 6, 2018 1:06PM

Last changed on July 6, 2018 2:12PM


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

July 5

Pacific Northwest Market Summary: Cash wheat bids for July delivery ended the reporting week on Thursday, July 5, steady to higher compared to week ago noon bids for July delivery.

September wheat futures ended the reporting week on Thursday, July 5, higher as follows compared to week ago closes: Chicago wheat futures were 22 cents higher at 5.0550, Kansas City wheat futures were 31.25 cents higher at 5.0325 and Minneapolis wheat futures trended 10 cents higher at 5.4750. Chicago September corn futures trended two cents lower at 3.5225 and August soybean futures closed 27.50 cents lower at 8.3925.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during July for ordinary protein trended steady compared to week ago prices for the same delivery period from 5.80-5.90. Some exporters were not issuing bids for nearby delivery.

White club wheat premiums were minus five to 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 July delivery by unit trains and barges to Portland were 5.50-5.60 and bids for White Club Wheat were 5.50-5.60.

Forward month bids for soft white wheat ordinary protein were as follows: August New Crop 5.80-5.90, September 5.85-5.95, October 5.90-6.1475 and November 6.12-6.1475.

One year ago, forward month bids for soft white wheat for any protein were as follows: August New Crop 5.50-5.68.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during July trended steady compared to week ago prices for the same delivery period from 5.80-5.90. 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 July delivery by unit trains and barges to Portland were 5.55-5.60 and bids for White Club Wheat were 5.55-5.60.

Forward month bids for soft white wheat guaranteed

10.5 percent proteins were as follows: August New Crop 5.80-5.90, September 5.85-5.95, October 5.90-6.1475 and November 6.12-6.1475.

One year ago, forward month bids for soft white wheat for any protein were as follows: August New Crop 5.55-5.80 and September 5.65-5.70.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery trended 29 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: July 6.0725-6.3725, August New Crop 5.9325-6.2825, September 6.2825-6.3325, October and November 6.3950-6.5450.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during July trended 12 to 15 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: July 6.6650-6.8350, August New Crop 6.5250-6.7750 and September 6.5250-6.7250.

Coarse feeding grains:Bids for US 2 Yellow Corn delivered full coast Pacific Northwest BNSF shuttle trains for July delivery trended 5.25 cents per bushel higher than week ago bids for the same delivery period at 4.5425. Some exporters

were not issuing bids for nearby delivery.

Forward month corn bids were as follows: August 4.5425, September 4.5225-4.5425, October 4.5450, November 4.5450-4.5650 and December 4.5650-4.5850.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest BNSF shuttle trains for July delivery were not available as most exporters were not issuing bids for nearby delivery.

Forward month soybean bids were as follows: August not available. Bids for US 2 Heavy White Oats for July delivery trended 14.50 cents higher at 3.7750 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 15 grain vessels in Columbia River ports on Thursday, July 5, with four docked compared to 17 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)

July 6

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)

FOB Solano County NA

Colusa County NA

Tehama County NA

Yolo County NA

Kern 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

Siskiyou County NA

Visalia County NA

Glenn County NA

CORN US No 2 Yellow

FOB: Stockton-Modesto-

Oakdale-Turlock NA

Modesto-Oakdale-

Turlock Basis 1.42+U

Kings-Tulare-Fresno Basis 1.42+U

Turlock/Tulare Basis 1.25+U

Glenn County NA

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 1.31+U

Stockton NA

Truck: Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock NA

Kings-Tulare-

Fresno Counties NA

Glenn County NA

Hanford County NA

Kern County NA

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley Basis 1.34+U

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

Kings-Tulare-

Fresno Counties NA

Truck (California Origin)

LA 12% Protein NA

LA 13% Protein NA

LA 14% Protein NA

Colusa County NA

Rail-Truck (Out of State Origin)

LA Guaranteed 12% Prot NA

LA Guaranteed 13% Prot NA

LA Guaranteed 14% Prot 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

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock NA

Kings-Tulare-

Fresno Counties NA

Merced County NA

Kern County NA

Siskiyou County NA

Colusa County NA

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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