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 five to 18.00 cents per bushel higher compared to week ago prices for the same delivery period from 5.85-6.08.

Published on July 13, 2018 12:37PM


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 12

Pacific Northwest Market Summary: Cash wheat bids for July delivery ended the reporting week on Thursday, July 12, mixed compared to week ago noon bids for July delivery.

September wheat futures ended the reporting week on Thursday, July 12, lower as follows compared to week ago closes: Chicago wheat futures were 21 cents lower at 4.8450, Kansas City wheat futures were 22 cents lower at 4.8125 and Minneapolis wheat futures trended 17 cents lower at 5.3050. Chicago September corn futures trended 6.50 cents lower at 3.4575 and August soybean futures closed 5.50 cents lower at 8.3375.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during July for ordinary protein trended five to 18.00 cents per bushel higher compared to week ago prices for the same delivery period from 5.85-6.08.

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 5.47-5.58 and bids for White Club Wheat were 5.47-5.63.

Forward month bids for soft white wheat ordinary protein were as follows: August New Crop 5.85-6.00, September 5.87-5.96, October and November 5.9125-6.02.

One year ago, forward month bids for soft white wheat for any protein were as follows: August New Crop 5.47-5.58, September 5.52-5.62, October 5.6550-5.66 and November 5.70-5.7050.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during July trended steady to five cents per bushel higher compared to week ago prices for the same delivery period from 5.85-5.90. 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 5.47-5.60 and bids for White Club Wheat were 5.47-5.60. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: August New Crop 5.85-5.95, September 5.87-5.95, October and November 5.9625-6.00.

One year ago, forward month bids for soft white wheat for any protein were as follows: August New Crop 5.47-5.60, September 5.52-5.65, October 5.6550-5.75 and November 5.7050-5.75.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery trended six to 26 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: July 6.0125-6.1125, August New Crop 5.8125-6.0625, September 5.9125-6.1125, October 6.1575-6.3575 and November 6.2075-6.3575.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during July trended 36 to 38 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: July 6.3050-6.4550, August New Crop 6.3050-6.5050, September 6.3050-6.4050 and October 6.4925-6.5925.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BNSF shuttle trains for July delivery trended 13.50 cents per bushel lower than week ago bids for the same delivery period at 4.4075. Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: August 4.4075-4.4575, September 4.4575-4.4675, October 4.4725, November

4.4725-4.4925 and December 4.5125.

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 steady 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 12 grain vessels in Columbia River ports on Thursday, July 12, with five docked compared to 15 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 13

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

CORN US No 2 Yellow

FOB: Stockton-Modesto-

Oakdale-Turlock NA

Modesto-Oakdale-

Turlock 1.39+U

Kings-Tulare-Fresno 1.39+U

Turlock/Tulare 1.22+U

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 1.31+U

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley 1.34+U

WHEAT US Durum Wheat

FOB Imperial County NA

Truck Imperial County 8.75 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=BNSF Railway 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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