West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during November for ordinary protein trended steady to five cents per bushel higher compared to week ago prices for the same delivery period from 6.05-6.22.

Published on November 2, 2018 6:05PM


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

Nov. 1

Pacific Northwest Market Summary: Cash wheat bids for November delivery ended the reporting week on Thursday, Nov. 1, steady to higher compared to week ago noon bids for November delivery.

December wheat futures ended the reporting week on Thursday, Nov. 1, higher as follows compared to week ago closes: Chicago wheat futures were 20.75 cents higher at 5.08, Kansas City wheat futures were 14.75 cents higher at 5.0125 and Minneapolis wheat futures trended 7.25 cents higher at 5.7675.

Chicago December corn futures trended 5.75 cents higher at 3.6675 and November soybean futures closed 27.25 cents higher at 8.69.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during November for ordinary protein trended steady to five cents per bushel higher compared to week ago prices for the same delivery period from 6.05-6.22. 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 November delivery by unit trains and barges to Portland were 5.13-5.35 and bids for White Club Wheat were 5.13-5.40. Forward month bids for soft white wheat ordinary protein were as follows: December 6.13-6.25, January 6.15-6.28, January 6.17-6.31 and February 6.20-6.34. One year ago, forward month bids for soft white wheat for any protein were as follows: December 5.18-5.35, January and February 5.26-5.40.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during November trended steady compared to week ago prices for the same delivery period from 6.10-6.15. 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 November delivery by unit trains and barges to Portland were 5.13-5.35 and bids for White Club Wheat were 5.13-5.40.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: December not available. One year ago, forward month bids for soft white wheat for any protein were as follows: December 5.18-5.35, January and February 5.26-5.40.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for November delivery trended 14.75 cents per bushel higher compared to week ago prices for the same delivery period from 6.2625-6.4125. Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: December 6.4625-6.5125 and January 6.5050-6.5550.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during November trended 7.25 cents per bushel lower compared to week ago prices for the same delivery period from 6.6675-6.9175.

Some exporters were not issuing bids for nearby delivery. This week, bids for non-guaranteed 14 percent protein were as follows: December 6.8175-6.9175 and January 6.8575-7.0075.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for November delivery trended 5.75 to 6.75 cents per bushel higher compared to week ago prices for the same delivery period from 4.4275-4.4575. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: December 4.4875-4.5575, January 4.5875-4.6675, February 4.6375-4.6675, March 4.6575-4.6675 and April 4.6975-4.7175. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for November delivery were not available as most exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: December not available. Bids for US 2 Heavy White Oats for November delivery trended 29.25 cents lower 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, Nov. 1, with three docked compared to ten last week with five docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAIN

(USDA Market News)

Nov. 1

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 9.75

CORN US No 2 Yellow

FOB Turlock/Tulare 8.69

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 8.91

Truck Stockton-Modesto-

Oakdale-Turlock 9.00

Kings-Tulare-

Fresno Counties 9.00

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF 8.96

Truck Turlock County 9.00

WHEAT US Durum Wheat

FOB Kings-Tulare-

Fresno Counties 11.00

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties 10.45



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