Posted: Thursday, July 21, 2011 12:00 AM
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.
(USDA Market News)
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.
(USDA Market News)
Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.
Mode Destination Price per cwt.
BARLEY - U.S. No. 2 (46-lbs. per bushel)
Truck Petaluma-Santa Rosa $14.25
Glenn County NA
Colusa County NA
Rail Any origin
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
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
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