Grains

Grains

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

Jan. 23

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during January ended the reporting week on Thursday, Jan. 23, at $6.75-6.90, mostly $6.8325. Bids were 2.25 cents per bushel higher than last Thursday’s bids for January delivery of $6.7275-6.8775, mostly $6.7950. White club wheat premiums for this week and last week ranged from zero to 50 cents, mostly 33 cents per bushel over soft white wheat bids.

One year ago bids for U.S. 1 Soft White Wheat and white club wheat for January delivery were $8.50-8.6975, mostly $8.5975.

Nearby bids for U.S. 1 Soft White wheat began the holiday shortened reporting week on Jan. 17 at mostly $6.7675 then moved lower to mostly $6.7550 on Jan. 21 and to mostly $6.7450 on Jan. 22. Soft white wheat bids moved lower following the lower Chicago March wheat futures. Bids ended the reporting week Jan. 23 at the weekly high of mostly $6.8325.

Several exporters were not issuing bids for nearby delivery. New confirmed export sales of white wheat this week were to Japan and Taiwan. Forward month bids for soft white wheat were as follows: February $6.95, March $6.85-6.95, April $6.85-6.9825, May $6.96-6.98 and August New Crop $6.3550-6.6050.

One year ago, forward month bids for soft white wheat were as follows: February $8.6975-8.75, March $8.6975-8.80, April and May $8.7375-8.85 and August New Crop $7.95-8.20.

Outstanding U.S. white wheat export sales as of Jan. 16, for the marketing year beginning June 1, 2013, and ending May 31, 2014, totaled 812.6 thousand MT compared to 808.7 thousand MT on Jan. 9 and 1077.2 thousand MT one year ago. Outstanding white wheat export sales for the 2013-14 marketing year were to the following countries in 1000 MT: South Korea 188.7, Japan 122.7, Philippines 113.7, Thailand 48.0, Guatemala 29.8, Colombia 20.0, Nigeria 19.2, Indonesia 18.0, Taiwan 11.9, Burma 5.5, Mexico 3.3, Vietnam 2.1, Malaysia 1.8, Canada 1.2, Hong Kong 0.5 and total unknown 226.2. Accumulated white wheat export shipments as of January 16, 2014, in 1000 MT for the 2013-14 marketing year, totaled 2580.5 compared to 2885.0 one year ago.

Outstanding U.S. barley export sales as of Jan. 16 for the marketing year beginning June 1, 2013, and ending May 31, 2014, in 1000 MT, totaled 49.8 compared to 50.2 on Jan. 9, and 2.4 one year ago. Outstanding barley export sales for the 2013-14 marketing year in 1000 MT were to the following countries in 1000 MT: Japan 47.3, Taiwan 1.7 and South Korea 0.8. Accumulated barley export shipments as of Jan. 16, were 76.6 thousand MT compared to 120.5 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were not available. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash., and Hermiston, Ore., were also not available. Bids for U.S. 2 Heavy White Oats for January delivery were $265, steady compared to Jan. 16 noon bids.

CALIFORNIA GRAINS

(USDA Market News)

Portland

Jan. 23

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

Mode Destination Price per cwt.

BARLEY - U.S. No. 2 (46-lbs. per bushel)

Truck Petaluma-Santa Rosa $12.50-12.65

Stockton-Modesto-Oakdale-Turlock $12.65

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County $12.65

Rail Any origin

Stockton-Modesto-Oakdale-Turlock NA

via Union Pacific and BNSF NA

Tulare - via Union Pacific NA

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa $10.10

Stockton-Modesto-Oakdale-Turlock $10.64

Los Angeles-Chino Valley NA

Fresno-Tulare-Corcoran-Coalinga NA

Solano County NA

Rail Single Car Units via BNSF

Chino Valley $11.14

Los Angeles $11.14

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $11.82

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock NA

Los Angeles-Chino Valley $15.50

WHEAT - U.S. No. 2 or better - Hard Red Winter

(Domestic Values for Flour Milling)

Kings County 13 percent Protein NA

Los Angeles 12 percent Protein $14.29

Los Angeles 13 percent Protein $14.62

Los Angeles 14 percent Protein $15.29

Truck/Rail Los Angeles 11-12 percent Protein NA

Los Angeles 12 percent Protein $14.29

Los Angeles 13 percent Protein NA

Los Angeles 14 percent Protein $15.29

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa $12.25

Stockton-Modesto-Oakdale-Turlock Sale $13.40

Fresno-Tulare NA

Colusa County NA

Imperial County NA

Truck/Rail Los Angeles-Chino Valley $13.75-14.25.

Prices paid to California farmers, seven-day reporting period ending Jan. 23:

BARLEY, U.S. No. 2, 48 lbs. per bushel

Yolo $12 OC FOB Storage

YELLOW CORN, U.S. No. 2 or better

Tulare $9.73 September 2014 Del Locally



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