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