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Home  »  Ag Sectors

Portland daily grain report for Tuesday, July 19, 2011

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



Bids for grains delivered to Portland, Ore., during July 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 and barley bids are for full July delivery. Bids for corn are for 30 day delivery.



September wheat futures trended 20-1/2 to 29-1/2 cents per bushel higher compared to Monday's closes.



Bids for US 1 Soft White Wheat for July delivery in unit trains or barges were not well tested in early trading but bids were indicated as steady compared to Monday's noon bids. Some exporters were not issuing bids for nearby delivery.



Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery were not fully established in early trading but were indicated as 24 to 27 cents per bushel higher than Monday's noon bids due to the higher Kansas City September wheat futures, which supported bids, however a lower basis bid by some exporters tempered the advances.



Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for July delivery were not well tested in early trading but were indicated as 10 to 20 cents per bushel higher than Monday's noon bids. Higher Minneapolis September wheat futures supported bids, however a lower basis bid by some exporters somewhat tempered the advances. Protein scales for non-guaranteed 14.0 percent protein were plus 35 to 40 cents each 1/4 of a percent of protein up to 16 percent protein and minus 45 cents each 1/4 of a percent of protein down to 13 percent protein. Some exporters are bidding a premium for guaranteed 14 percent protein dark northern spring wheat.



Bids for US 2 Barley for July delivery were not well tested.



Bids for US 2 Yellow Corn delivered to Portland in single rail cars were 22-1/2 cents per cwt higher in response to the higher Chicago September corn futures. Bids for corn truck delivered to the Yakima Valley were also 22-1/2 cents per cwt higher than yesterday's bids.



All wheat bids in dollars per bushel



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



Jul mostly 6.90, ranging 6.75-7.00



Aug NC 6.85-7.13



Sep 7.10-7.18



Oct 7.10-7.27



Nov 7.15-7.36



_



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



Jul mostly 6.90, ranging 6.75-7.00



* Not fully established.



_



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



Ordinary protein 6.78-7.03



10 pct protein 6.78-7.03



11 pct protein 7.68-7.83



11.5 pct protein



Jul 8.13-8.25



Aug NC 8.08-8.23



12 pct protein 8.48-8.53



13 pct protein 9.13-9.23



13 pct protein- NA



Milling Quality Montana Origin



* Not fully established.



_



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) *



12 pct protein NA



13 pct protein 8.53-8.83



14 pct protein



Jul 10.33-10.63



Aug NC 10.03-10.33



GTN 14% Jul 10.53



15 pct protein 11.73-12.23



16 pct protein 13.13-13.83



* Not fully established.



_



US 2 Barley dollars per CWT



Unit trains & Barges-export (45 lbs.) * NA



Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)



Delivered to Portland NA



Delivered to inland feeding areas NA



FOB inland Country Elevators NA



* Not fully established.



_



US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 15.5125-15.6250



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley 15.5125-15.6750



_



US 2 Heavy White Oats in dollars per CWT** 10.50



** Not well tested.






Exporter Bids Portland Rail/Barge Jun 2011



Averages in Dollars per bushel






No. 1 Soft White by Unit Trains or Barges 7.45



No. 1 Hard Red Winter (Ordinary protein) 7.41



No. 1 Hard Red Winter (11.5% protein) 8.74



No. 1 Dark Northern Spring (14% protein) 11.60



No. 2 Barley NA






Source: USDA Market News Service, Portland, OR



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