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Portland daily grain report for Tuesday, Nov. 13, 2012


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



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



December wheat futures trended two to 12 cents per bushel lower than Monday's closes. March Minneapolis wheat futures were 5.25 cents per bushel lower than Monday's closes, and March Kansas City wheat futures were steady compared to Monday's closes.



Bids for US 1 Soft White Wheat for November delivery in unit trains or barges were not available in early trading as most exporters were not issuing bids for nearby delivery.



Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for November delivery were not fully established in early trading, but were indicated as mixed, from two cents lower to two cents per bushel higher than Monday's noon bids for November delivery. Lower Kansas City December wheat futures pressured bids. Some exporters have switched their basis



to over the Kansas City March wheat futures.



Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for November delivery were not fully established in early trading, but bids were indicated as 1.50 to 10.50 cents per bushel lower compared to Monday's noon bids for November delivery. Lower Minneapolis December and March wheat futures and a lower basis bid pressured cash bids.



Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 6.25 to 7.50 cents per cwt lower compared to Monday's noon bids. Corn bids truck delivered to the Yakima Valley trended 6.25 to ten cents per cwt lower compared to Monday's noon bids. Lower Chicago December corn futures and a lower basis bid by some



corn traders pressured cash corn bids.



All wheat bids in dollars per bushel



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



Nov NA



Dec 8.6500-8.6575



Jan 8.7500-8.9000



Feb 8.8000-8.9000



Mar 8.8000-8.9000



_



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



Nov NA



*Not fully established.



_



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



Ordinary protein 9.4350-9.5250



10 pct protein 9.4350-9.5250



11 pct protein 9.6150-9.7250



11.5 pct protein



Nov 9.6850-9.8250



12 pct protein 9.7050-9.8550



13 pct protein 9.7450-9.9350



_



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 9.8300-9.9700



14 pct protein



Nov 10.0300-10.1300



15 pct protein 10.0300-10.1300



16 pct protein 10.0300-10.1300



_



US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 14.8125-14.8500



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley 14.3125-14.6000






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



** Not well tested.






Exporter Bids Portland Rail/Barge Oct 2012



Averages in Dollars per bushel






US 1 Soft White by Unit Trains and Barges 8.7500



US 1 Hard Red Winter (Ordinary protein) 9.3900



US 1 Hard Red Winter (11.5% protein) 9.6600



US 1 Dark Northern Spring (14% protein) 10.1700






Source: USDA Market News Service, Portland, OR



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