West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during September for ordinary protein trended 5 to 10 cents per bushel lower compared to week ago prices for the same delivery period from 5.80-5.95.

Published on September 14, 2018 3:47PM


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

Sept. 13

Pacific Northwest Market Summary: Cash wheat bids for September delivery ended the reporting week on Thursday, Sept. 13, steady to higher compared to week ago noon bids for September delivery.

December wheat futures ended the reporting week on Thursday, Sept. 13, lower as follows compared to week ago closes: Chicago wheat futures were 11 cents higher at 4.97, Kansas City wheat futures were 11.25 cents higher at 5.0175 and Minneapolis wheat futures trended 6.25 cents higher at 5.62. Chicago December corn futures trended 15.75 cents lower at 3.5050 and November soybean futures closed 4.00 cents lower at 8.2275.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during September for ordinary protein trended 5 to 10 cents per bushel lower 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 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 September delivery by unit trains and barges to Portland were 5.10-5.35 and bids for White Club Wheat were 5.10-5.35.

Forward month bids for soft white wheat ordinary protein were as follows: October 5.83-6.04, November 5.86-6.10, December 5.89-6.10 and January 5.92-6.14.

One year ago, forward month bids for soft white wheat for any protein were as follows: October and November 5.18-5.35, December 5.20-5.35 and January 5.20-5.38.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during September trended 10 cents per bushel lower 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 September delivery by unit trains and barges to Portland were 5.10-5.35 and bids for White Club Wheat were 5.10-5.35.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: October 5.83-6.00, November 5.86-6.0. and December 5.89-6.05.

One year ago, forward month bids for soft white wheat for any protein were as follows: October and November 5.18-5.35, December 5.20-5.35 and January 5.20-5.38.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for September delivery trended 11.25 cents per bushel higher compared to week ago prices for the same delivery period from 6.0175-6.1175. Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: October 6.1175-6.1675, November 6.1675-6.2175, December 6.2175 and January 6.2775-6.3275.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during September trended mixed, 3.75 cents lower to 1.25 cents per bushel higher compared to week ago prices for the same delivery period from 6.47-6.52. Some exporters were not issuing bids for nearby delivery.

This week, bids for non-guaranteed 14 percent protein were as follows: October 6.42-6.62, November 6.57-6.72, December 6.62-6.72 and January 6.68-6.83.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for September delivery trended 26.75 to 29.75 cents per bushel lower compared to week ago prices for the same delivery period from 4.1450-4.2050. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: October 4.1550-4.2450, November 4.2550-4.3450, December 4.3450-4.4350, January and February 4.5275. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for September delivery were not available as most exporters were not issuing bids for nearby delivery.

Forward month soybean bids were as follows: September not available. Bids for US 2 Heavy White Oats for September delivery trended steady at 3.4825 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 seven grain vessels in Columbia River ports on Thursday, Sept. 13, with eight docked compared to four 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)

Sept. 13

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

Due to limited availability, prices were not available with the exception of the following categories:

Dollars Per Cwt. Bulk

CORN US No 2 Yellow

FOB Turlock/Tulare 8.10

Rail: Single Car Units via BNSF

LA-Chino Valley 8.58

Truck Stockton-Modesto-

Oakdale-Turlock 8.40

Kings-Tulare-

Fresno Counties 8.40

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF 8.76



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