West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during October for ordinary protein trended mixed, 1 cent lower to 10 cents per bushel higher compared to week ago prices for the same delivery period from 6.00-6.17.

Published on October 5, 2018 2:14PM


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

Oct. 4

Pacific Northwest Market Summary: Cash wheat bids for October delivery ended the reporting week on Thursday, Oct. 4, mixed compared to week ago noon bids for October delivery.

December wheat futures ended the reporting week on Thursday, Oct. 4, lower as follows compared to week ago closes: Chicago wheat futures were 5 cents higher at 5.18, Kansas City wheat futures were 5 cents higher at 5.2225 and Minneapolis wheat futures trended 9 3/4 cents higher at 5.8975.

Chicago December corn futures trended 2.75 cents higher at 3.6750 and November soybean futures closed 4.25 cents higher at 8.5925.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during October for ordinary protein trended mixed, 1 cent lower to 10 cents per bushel higher compared to week ago prices for the same delivery period from 6.00-6.17. 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. Forward month bids for soft white wheat ordinary protein were as follows: November 6.00-6.17, December 6.18-6.22, January 6.21-6.25 and January 6.23-6.28.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during October trended mixed, once cent lower to 10 cents per bushel higher compared to week ago prices for the same delivery period from 6.00-6.10. 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. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: November 6.00-6.15.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery trended 5 to 10 cents per bushel higher compared to week ago prices for the same delivery period from 6.3225-6.5225. Some exporters were not issuing bids for nearby delivery.

This week, bids were as follows: November 6.5725, December 6.5725-6.5925 and January 6.6025.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during October trended 9.75 cents per bushel higher compared to week ago prices for the same delivery period at 6.7475-6.8475. Some exporters were not issuing bids for nearby delivery.

This week, bids for non-guaranteed 14 percent protein were as follows: November 6.8475-6.9975, December 6.8975-6.9975 and January 6.9775-7.0775.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for October delivery trended 2.75 cents per bushel higher compared to week ago prices for the same delivery period from 4.4250-4.4750. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: November 4.4550-4.4950, December 4.5750-4.6250, January 4.7225-4.7325, February 4.7225-4.7525 and March 4.7225-4.7325. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for October delivery were not available as most exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: October not available. Bids for US 2 Heavy White Oats for October 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 nine grain vessels in Columbia River ports on Thursday, October 04, with three docked compared to 12 last week with two docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAIN

(USDA Market News)

Oct. 4

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

BARLEY US No 2 (46-lbs. per bushel)

Truck Colusa County 10.25

Glenn County 9.85

CORN US No 2 Yellow

FOB Turlock/Tulare 8.31

Rail: Single Car Units via BNSF

Los Angeles

-Chino Valley 8.85

Truck Stockton-Modesto-

Oakdale-Turlock 8.62

Kings-Tulare-

Fresno Counties 8.62

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF 9.03



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