Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated.

PORTLAND GRAIN

(USDA Market News)

Portland

July 14

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during July ended the reporting week on Thursday, July 14, at $6.75-7, mostly $6.91, 25 to 33 cents per bushel higher compared to July 7 bids of $6.50-6.67, mostly $6.57. There were no white club wheat premiums for July delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat for July delivery were $4.75-4.80, mostly $4.80. White Club Wheat bids one year ago for July delivery were $4.80-6.25, mostly $5.17. Nearby bids for U.S. 1 Soft White wheat began the reporting week on July 8 at mostly $6.61 and moved slightly lower on July 11 to mostly $6.60 in response to the lower Chicago September wheat futures. On July 12, bids moved higher to mostly $6.70 and continued higher to mostly $6.80 on July 13 due to higher Chicago wheat futures. July 14, bids ended the week at the weekly high of mostly $6.91. New confirmed export sales of white wheat made during the reporting week were limited to Japan. Forward month bids for soft white wheat were as follows: August New Crop $6.75-7.02, September $7.05-7.15, October $7.10-7.20 and November $7.14-7.25. One year ago, forward month bids for soft white wheat were as follows: August New Crop $4.80-4.95; first half September $4.90-5, last half September $4.90-5.05; October $4.95-5.15; and November $5-5.20.

Outstanding U.S. white wheat export sales as of July 7, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 1,132.9 thousand MT compared to 1,163.3 thousand MT on June 30, and 978.4 thousand MT one year ago. Outstanding white wheat export sales for the 2011-12 marketing year were to the following countries in 1,000 MT: Philippines 376.9, Japan 207.9, South Korea 104.3, Thailand 60.5, Mexico 45.7, China 40.0, Taiwan 26.7, Malaysia 17.4, Indonesia 14.7, Columbia 13.0, Canada 2.2, Hong Kong 0.9, Nigeria 0.7, Vietnam 0.6 and total unknown 221.4. Accumulated white wheat export shipments as of July 7, in 1,000 MT for the 2011-12 marketing year, totaled 592.2 compared to 451.0 one year ago.

Outstanding U.S. barley export sales as of July 7, for the marketing year beginning June 1, 2011, and ending May 31, 2012, in 1,000 MT, totaled 25.0 compared to 0.1 on June 30, and 14.2 one year ago. Outstanding barley export sales were to the following countries in 1,000 MT: France 25.0. Accumulated barley export shipments as of July 7, were 1.9 thousand MT compared to 2.6 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Barley delivered to the coast in unit trains or barges, and bids for U.S. 2 Barley delivered to the inland feeding areas of Hermiston, Ore., and Yakima, Wash., during July were not well tested. Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $30.25 to $36 per ton higher, from $303.75-306 compared to $267.75-275.75 last Thursday. Bids for U.S. 2 Yellow Corn truck delivered to Yakima and Hermiston were $303.75-307 which had no recent price comparison available as last week's bids were not available. Bids for U.S. 2 Heavy White Oats for July delivery were $210 in a limited test, which was steady with last week's bids.

CALIFORNIA GRAINS

(USDA Market News)

July 14

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

Mode Destination Price per cwt.

BARLEY - U.S. No. 2 (46-lbs. per bushel)

Truck Petaluma-Santa Rosa $14.25

Stockton-Modesto-Oakdale-Turlock NA

Fresno-Tulare-Corcoran-Coalinga NA

Glenn County NA

Colusa County NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF NA

Tulare - via Union Pacific NA

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa Offer $15.75

Stockton-Modesto-Oakdale-Turlock Offer $15.41

Fresno-Tulare-Corcoran-Coalinga NA

Rail Single Car Units via BNSF

Chino Valley $15.73

Los Angeles $15.73

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $15.60

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $13.75-14.25

Los Angeles-Chino Valley $15.75

WHEAT - U.S. No. 2 or better - Hard Red Winter

(Domestic Values for Flour Milling) California origin

Los Angeles 12 percent Protein $14.89-15.05

Los Angeles 13 percent Protein $15.09-15.25

Los Angeles 14 percent Protein $15.29-15.45

Truck/Rail Los Angeles 12 percent Protein $14.42-14.59

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa Offers $13

Stockton-Modesto-Oakdale-Turlock $13

Truck/Rail L.A.-Chino Valley $14-14.50

Prices paid to California farmers, seven-day reporting period ending July 14:

WHEAT, U.S. No. 2 or better, Hard Red Winter Ordinary Protein

Yolo $10.50 AH, July FOB Ranch

WHEAT, U.S. No. 2 or better, Hard Red Winter Wheat 13 percent lean Protein

Kings/Tulare/Fresno $11.25 AH, July FOB Ranch

Fresno $11.65 AH, July FOB Ranch

Stanislaus $12.70 AH, July Del Tulare

WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling

Imperial $21.50 2011 crop Del Locally

WHEAT, Any Class for Feed (Red or White)

Merced $11 AH, July FOB Ranch

San Benito $11 AH, July FOB Ranch

BARLEY, U.S. No. 2, 48 lbs per bushel

Kings/Tulare/Fresno $11.50-13.50 AH, July Del Locally

Kern $13.25 AH, July Del locally