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Portland daily grain report for Wednesday, Jan. 2, 2013


Bids as of 9:30 a.m. Pacific time; subject to change.



Bids for grains delivered to Portland, Ore., during January by unit trains and barges, in dollars per bushel, except oats, corn and barley, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. All other wheat bids are for full January delivery. Bids for corn are for 30 day delivery.



March wheat futures trended 0.50 of a cent to 8.75 cents per bushel lower compared to Monday's closes.



Bids for US 1 Soft White Wheat for January delivery in unit trains or barges were not fully established, but bids trended 3.75 to ten cents per bushel lower than Monday's noon bids for January delivery.



Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January delivery were not fully established in early trading, but were indicated as generally 0.50 of a cent per bushel lower compared to Monday's noon bids for January delivery. Slightly lower Kansas City March wheat futures pressured cash bids.



Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for January delivery were not well tested in early trading, but were indicated as 3.25 to 6.25 cents per bushel lower than Monday's noon bids for the same delivery period, following the lower Minneapolis March wheat futures, however a higher basis bid by some exporters tempered the declines somewhat.



Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended steady compared to Monday's noon bids. Corn bids truck delivered to the Yakima Valley also trended steady compared to Monday's noon bids.



All wheat bids in dollars per bushel



US 1 Soft White Wheat - delivered by Unit Trains and Barges *



Jan mostly 8.4375, ranging 8.3925-8.4500



Feb 8.4425-8.5300



Mar 8.4425-8.5300



Apr 8.5300-8.5475



May 8.5475-8.5975



_



US 1 White Club Wheat - delivered by Unit Trains and Barges *



Jan mostly 8.4375, ranging 8.3925-8.4500



*Not fully established.



_



US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *



Ordinary protein 8.8950-9.0450



10 pct protein 8.8950-9.0450



11 pct protein 9.0950-9.1850



11.5 pct protein



Jan 9.1950-9.2550



12 pct protein 9.2250-9.3050



13 pct protein 9.3150-9.4050



_



US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers, a maximum of 0.5 part per million vomitoxin, and a maximum of one percent total damage) *



13 pct protein 9.2125-9.3425



14 pct protein



Jan 9.3925-9.5425



15 pct protein 9.3925-9.5425



16 pct protein 9.3925-9.5425



_



US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 14.6500



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley 14.3750-14.8625






US 2 Heavy White Oats in dollars per CWT ** 13.2500



** Not well tested.






Exporter Bids Portland Rail/Barge Dec 2012



Averages in Dollars per bushel






US 1 Soft White by Unit Trains and Barges 8.5600



US 1 Hard Red Winter (Ordinary protein) 9.2600



US 1 Hard Red Winter (11.5% protein) 9.5200



US 1 Dark Northern Spring (14% protein) 9.8500






Source: USDA Market News Service, Portland, OR



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