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Portland daily grain report for Wednesday, Feb. 13, 2013


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



Bids for grains delivered to Portland, Ore., during February 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 February delivery. Bids for corn are for 30 day delivery.



March wheat futures trended 2.0 to 4.25 cents per bushel higher compared to Tuesday's closes.



Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were not fully established, but bids trended 10 to 17 cents per bushel higher than Tuesday's noon bids for February delivery. Some exporters were not issuing bids for nearby delivery.



Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February delivery trended 3.75 to 10.75 cents per bushel higher compared to Tuesday's noon bids for the same delivery period. Higher Kansas City March wheat futures and higher basis bid by some traders were supportive to cash bids.



Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for February delivery trended 4.25 to 19.25 cents per bushel higher than Tuesday's noon bids for the same delivery period. Higher Minneapolis March wheat futures and higher basis bid by some exporters supported higher cash bids.



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



All wheat bids in dollars per bushel



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



Feb mostly 8.6100, ranging 8.5000-8.6900



Mar 8.5500-8.6900



Apr 8.6500-8.7200



May 8.6700-8.7200



Aug NC 7.6800-7.9800



_



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



Feb mostly 8.6100, ranging 8.5000-8.6900



*Not fully established.



_



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



Ordinary protein 8.5775-8.8675



10 pct protein 8.5775-8.8675



11 pct protein 8.7775-8.9875



11.5 pct protein



Feb 8.8775-9.0675



Aug NC 8.5650-8.7650



12 pct protein 8.9275-9.0975



13 pct protein 8.9875-9.1675



_



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 9.1025-9.1925



14 pct protein



Feb 9.3025-9.3525



Aug NC 9.3475-9.3975



15 pct protein 9.3025-9.3525



16 pct protein 9.3025-9.3525



_



US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 14.5375-14.5625



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley 14.4000-14.8750






US 2 Heavy White Oats in dollars per CWT ** 13.5000



** Not well tested.






Exporter Bids Portland Rail/Barge Jan 2013



Averages in Dollars per bushel






US 1 Soft White by Unit Trains and Barges 8.5300



US 1 Hard Red Winter (Ordinary protein) 8.9100



US 1 Hard Red Winter (11.5% protein) 9.2100



US 1 Dark Northern Spring (14% protein) 9.4800






Source: USDA Market News Service, Portland, OR



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