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 10 to 13 cents per bushel higher compared to week ago prices for the same delivery period from 6.20-6.35.

Published on November 10, 2018 4:12AM


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. 8

Pacific Northwest Market Summary: Cash wheat bids for November delivery ended the reporting week on Thursday, Nov. 8, mixed, mostly higher compared to week ago noon bids for November delivery.

December wheat futures ended the reporting week on Thursday, Nov. 8, mixed as follows compared to week ago closes: Chicago wheat futures were 0.25 of a cent lower at 5.0775, Kansas City wheat futures were four cents lower at 4.9725 and Minneapolis wheat futures trended 3.25 cents higher at 5.80.

Chicago December corn futures trended 6.75 cents higher at 3.7350 and November soybean futures closed 1.50 cents lower at 8.6750.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during November for ordinary protein trended 10 to 13 cents per bushel higher compared to week ago prices for the same delivery period from 6.20-6.35.

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 5.2175-5.35 and bids for White Club Wheat were 5.2175-5.40. Forward month bids for soft white wheat ordinary protein were as follows: December 6.23-6.35, January 6.26-6.28, January 6.28-6.31 and February 6.30-6.34.

One year ago, forward month bids for soft white wheat for any protein were as follows: December 5.2675-5.35, January, February and March 5.3375-5.40.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during November trended 10 to 20 cents per bushel higher compared to week ago prices for the same delivery period from 6.20-6.35. 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 5.2175-5.35 and bids for White Club Wheat were 5.2175-5.40.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: December 6.23-6.35.

One year ago, forward month bids for soft white wheat for any protein were as follows: December 5.2675-5.3675, January and February 5.3375-5.40.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for November delivery trended 11 to 14 cents per bushel higher compared to week ago prices for the same delivery period from 6.3725-6.5525. Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: December 6.4725-6.5725 and January 6.4950-6.5950.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during November trended mixed, from 1.75 cents lower to 13.25 cents per bushel higher compared to week ago prices for the same delivery period from 6.80-6.90. Some exporters were not issuing bids for nearby delivery.

This week, bids for non-guaranteed 14 percent protein were as follows: December 6.85-6.90 and January 6.8475-6.9475.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for November delivery trended 16.75 to 18.75 cents per bushel higher compared to week ago prices for the same delivery period from 4.6150-4.6350. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: December 4.6750-4.6850, January, February and March 4.7825-4.8325 and April 4.8225-4.8325.

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 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 14 grain vessels in Columbia River ports on Thursday, Nov. 8, with five 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)

Nov. 8

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 8.94

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 9.03

Truck Stockton-Modesto-

Oakdale-Turlock 9.24

Kings-Tulare-

Fresno Counties 9.24

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley 9.08

WHEAT US Durum Wheat

FOB Kings-Tulare-

Fresno Counties 11.00

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties 10.40



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