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 steady to 1 cent per bushel higher compared to week ago prices for the same delivery period from 6.00-6.18.

Published on October 12, 2018 3:53PM


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. 11

Pacific Northwest Market Summary: Cash wheat bids for October delivery ended the reporting week on Thursday, Oct. 11, mixed compared to week ago

noon bids for October delivery.

December wheat futures ended the reporting week on Thursday, Oct. 11, lower as follows compared to week ago closes: Chicago wheat futures were 10 cents lower at 5.08, Kansas City wheat futures were 8.50 cents lower at 5.1375 and Minneapolis wheat futures trended 0.25 of a cent lower at 5.8950.Chicago December corn futures trended 1.75 cents higher at 3.6925 and November soybean futures closed 1 cent lower at 8.5825.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during October for ordinary protein trended steady to 1 cent per bushel higher compared to week ago prices for the same delivery period from 6.00-6.18. 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 October delivery by unit trains and barges to Portland were 5.0825-5.31 and bids for White Club Wheat were 5.0825-5.35.

Forward month bids for soft white wheat ordinary protein were as follows: November 6.00-6.20, December 6.20-6.22, January 6.22-6.25 and January 6.24-6.28.One year ago, forward month bids for soft white wheat for any protein were as follows: November 5.0825-5.35, December 5.1325-5.35, January 5.1225-5.40 and February 5.3725-5.40.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during October trended steady to eight cents per bushel higher compared to week ago prices for the same delivery period from 6.00-6.18.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 October delivery by unit trains and barges to Portland were 5.0825-5.31 and bids for White Club Wheat were 5.0825-5.35. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: November 6.00-6.20.

One year ago, forward month bids for soft white wheat for any protein were as follows: November 5.0825-5.35, December 5.1325-5.35, January 5.1225-5.40 and February 5.3725-5.40.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery trended 8.50 cents per bushel lower compared to week ago prices for the same delivery period from 6.2375-6.4375. Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: November 6.4875, December 6.4875-6.5075 and January 6.53.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during October trended 0.25 of a cent per bushel lower compared to week ago prices for the same delivery period from 6.7450-6.8450.

Some exporters were not issuing bids for nearby delivery.

This week, bids for

non-guaranteed 14 percent protein were as follows: November 6.8450-6.9950, December 6.8950-6.9950 and January 6.9375-7.0375.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for October delivery trended 9.75 to 13.75 cents per bushel higher compared to week ago prices for the same delivery period from 4.5625-4.5725. Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: November 4.5125-4.5525, December 4.5925-4.6525, January 4.7325, February 4.7325-4.7425 and March 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: November 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 four grain vessels in Columbia River ports on Thursday, Oct. 11, with four docked compared to nine 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)

Oct. 11

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 Kings-Tulare-

Fresno Counties 9.50

CORN US No 2 Yellow

FOB: Turlock/Tulare 8.43

Rail: Single Car Units via BNSF

Los Angeles-Chino Valley 8.88

Truck Stockton-Modesto-

Oakdale-Turlock 8.74

Kings-Tulare-

Fresno Counties 8.74

Glenn County 8.30

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF 9.06

WHEAT US Durum Wheat

FOB Imperial County 9.50

Kings-Tulare-

Fresno Counties 11.00

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties 10.35



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