Portland daily grain report for Monday, Nov. 19, 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 steady to 6.50 cents per bushel higher than Friday's closes. March Minneapolis wheat futures were 2.25 cents per bushel higher than Friday's closes, and March Kansas City wheat futures were steady compared to Friday'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 steady compared to Friday's noon bids for November delivery.
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 2.25 to 3.25 cents per bushel higher compared to Friday's noon bids for November delivery. Higher Minneapolis December and March wheat futures supported cash bids.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 22.50 cents per cwt higher compared to Friday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 22.50 cents per cwt higher compared to Friday's noon bids. Higher Chicago December corn futures supported 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 9.3100-9.4800
10 pct protein 9.3100-9.4800
11 pct protein 9.4900-9.6800
11.5 pct protein
12 pct protein 9.5800-9.8100
13 pct protein 9.6200-9.8700
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 9.7825-9.9225
14 pct protein
15 pct protein 9.9825-10.0825
16 pct protein 9.9825-10.0825
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 15.2625-15.3875
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 14.7625-15.0500
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