• Twitter
  • Faceboook
  • Youtube
  • Email
  • Google Plus
Search sponsored by EastOregonMarketplace.com
Home  »  Ag Sectors

USDA Market News Grain Reports, Aug 5

Print Print

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


August 5


CASH SOFT WHITE WHEAT


Pacific Northwest: Bids for U.S. 1 Soft White Wheat, any protein and maximum 10.5 percent protein, for first half August Portland delivery ended the reporting week on Thursday, August 5, at $6.30 to $6.65, mostly $6.53, 105 to 115 cents per bushel higher compared to last Thursday's noon bids of $5.15 to $5.60 for first half August delivery. Bids for last half August delivery were $6.50 to $6.80, mostly $6.69, 110 cents per bushel higher compared to last week's bids of $5.40 to $5.70 for last half August delivery. White club wheat premiums for any protein were zero to 75 cents, mostly 18 cents per bushel over bids for soft white wheat. Last Thursday's premiums were zero to $1, mostly 31 cents per bushel over soft white wheat bids.


One year ago bids for any protein U.S. 1 Soft White Wheat for first half August delivery were $4.95 to $5.15, mostly $5, and $5 to $5.20, mostly $5.05 for last half August delivery. Premiums for White Club Wheat one year ago were $1.65 to $2.35, mostly 2 for first half August delivery, and $1.65 to $2.30, mostly 2 per bushel over bids for any protein soft white wheat for last half August delivery. Nearby bids for any protein U.S. 1 Soft White wheat began the reporting week Friday at the weekly low of mostly $5.50, rose to mostly $5.98 on Monday, before falling to mostly $5.95 on Tuesday, and rose again to mostly $6.10 on Wednesday. Bids ended the reporting week today (Thursday) at the weekly high of mostly $6.53 for first half August delivery and $6.69 for last half August delivery. Bids were supported by sharply higher Chicago September Wheat futures for the week. Exporters were not issuing premiums for soft white wheat with a maximum of 10.5 percent protein. New confirmed export sales of white wheat made this week were limited to Japan. Forward month bids for soft white wheat, any protein, were as follows: September $6.75 to $7, October $6.85 to $7, November $6.90 to $7, and December $6.95 to $7. One year ago, forward month bids for any protein soft white wheat were as follows: First half September 5.15 to 5.30; last half September 5.25 to 5.30; first half October 5.30 to 5.35; last half October 5.35 to 5.40; November 5.35 to 5.47; and December 5.45 to 5.50. There were no premiums bid for maximum 10.5 percent protein soft white wheat for one year ago.


Outstanding U.S. white wheat export sales as of July 29, 2010 for the marketing year beginning June 1, 2010 and ending May 31, 2011, totaled 1144.0 thousand MT compared to 1021.5 thousand MT on July 22, 2010, and 898.2 thousand MT one year ago. Outstanding white wheat export sales for the 2010-2011 marketing year were to the following countries in 1,000 MT: Philippines 379.0, Japan 163.5, South Korea 100.4, Sri Lanka 55.0, Thailand 48.9, Nigeria 37.9, Indonesia 20.0, Singapore 20.0, Guatemala 16.7, Colombia 16.0, Mexico 13.5, Malaysia 12.0, Taiwan 11.3, North Korea 5.6, Canada 3.1, El Salvador 3.1, Hong Kong 0.8 and total unknown 237.2. Accumulated white wheat export shipments as of July 29, 2010, in 1,000 MT for the 2010-2011 marketing year, totaled 629.1 compared to 582.6 one year ago.Outstanding U.S. barley export sales as of July 29, 2010 for the marketing year beginning June 1, 2010 and ending May 31, 2011, in 1,000 MT, totaled 14.1 compared to 14.2 on July 22, 2010 and 27.7 one year ago. Outstanding barley export sales were to the following countries in 1,000 MT: Canada 13.6 and Mexico 0.5. Accumulated barley export shipments as of July 29, 2010 were 2.7 thousand MT compared to 4.9 one year ago.


COARSE FEEDING GRAINS


Bids for US 2 Barley delivered to the coast in unit trains or barges during August were not well tested as most exporters were not issuing bids for barley. Bids for US 2 Barley delivered to the inland feeding areas of Hermiston, Ore., and Yakima, Wash., were also not well tested. Bids for US 2 Yellow Corn delivered to Portland in single rail cars were $8.75 to $13.75 per ton higher at $178.75 to $185 compared to last Thursday's noon bids of $170 to $171.25. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash., and Hermiston, Ore., trended $8 to $8.75 per ton higher, from $177 to $188.75 compared to last Thursday's noon bids of $169 to $180. Cash corn bids were supported by the higher Chicago September corn futures for the week. Bids for U.S. 2 Heavy White Oats for August delivery were not available.




CALIFORNIA GRAIN


(USDA Market News)


August 5


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)


Colusa county NA


Truck: Petaluma-Santa Rosa NA


Stockton-Modesto-Oakdale-Turlock NA


Fresno-Tulare-Corcoran-Coalinga NA


Los Angeles-Chino Valley NA


Glenn County Sale on Tuesday $8.70 no comp


Rail: Any Origin


Stockton-Modesto-Oakdale-Turlock


via BNSF and Union Pacific NA


Tulare via Union Pacific NA


CORN U.S. No. 2 Yellow


Truck: Petaluma-Santa Rosa NA


Stockton-Modesto-Oakdale-Turlock $9.04 Fresno-Tulare-Corcoran-Coalinga NA


Los Angeles-Chino Valley NA


Rail: Single Car Units via BNSF


Chino Valley Single Units $9.13


Los Angeles Single Units $9.46


SORGHUM U.S. No. 2 Yellow (Milo)


Rail: Los Angeles-Chino Valley


via BNSF Single $9.35


OATS U.S. No. 2 White


Truck: Petaluma-Stockton-Modesto-Turlock $11.25-11.50


Los Angeles-Chino Valley NA


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


(Domestic Values for Flour Milling)


Los Angeles 13 percent Protein NA


Truck/Rail Out of State Origin


Los Angeles ranging 11-12 percent Protein NA


Los Angeles Guaranteed 13 percent Protein NA


WHEAT - Any Class for Feed


Truck: Petaluma-Santa Rosa NA


Stockton-Modesto-Oakdale-Turlock $9.25


Truck-Rail:


Los Angeles-Chino Valley NA


Prices paid to California farmers, seven-day reporting period ending Aug. 5, 2010.


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


No confirmed sales.


WHEAT, US No 2 or better, Hard Red Winter 11 percent Protein


Solano $10 Jun-Jul 2011 Delivered Solano County


WHEAT, U.S. No. 2 or better, Hard Red Winter 12 percent Protein


No confirmed sales.


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


Fresno/Merced/Madera $10.75-11.25 Jun-Jul 2011 FOB Ranch


WHEAT, U.S. No. 2 or better, Hard White Wheat Ordinary Protein


No confirmed sales.


WHEAT, U.S. No. 2 or better, Hard White Wheat 13 percent Protein


No confirmed sales.


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


No confirmed sales.


WHEAT, Any Class for Feed


No confirmed sales.


SAFFLOWER


No confirmed sales.


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


Tahema 8.70 Current Delivered Glenn County


YELLOW CORN, U.S. No. 2 or better


No confirmed sales.


SORGHUM, U.S. No. 2 OR BETTER YELLOW


No confirmed sales.


NATIONAL GRAIN REVIEW


Compared to last week, wheat was again the driving force in the grain markets reaching 23-month highs. Russia's worst drought in a century put a ban to grain exports from Aug. 15 to Dec. 31, 2010 sent September wheat at the CBOT into overdrive, closing limit-up 60 cents on Thursday. With one of the world's biggest wheat growers banning exports, wheat reached a 23-month high as new opportunities for U.S. wheat sales has fund and commercial buying stepping up. But ongoing concerns about the European and Russian wheat problems will dominate headlines. Corn and soybeans have been beneficiaries of wheat's steep climb, helping to make the U.S. corn market more attractive for the potential increase in demand for corn and wheat. Good crop conditions for corn have mostly now cleared the hurdle of pollination development with soil moisture supplies very good at this time. Corn and soybeans are expecting USDA to increase production and yield estimates next week. Grain traders will continue to keep close watch on the weather both locally and abroad as there remains little margin of error when it comes to grain production. Demand for U.S. soybeans remains bullish with strong old and new crop export sales combined at 1,174,100 tonnes. Corn had combined export sales at the high end of expectations of 1,294,100 tonnes. Wheat had export sales above expectations at 854,600 tonnes. Wheat for the week was mostly 1.15-1.53 cents higher. Corn traded mostly 18-25 cents higher. Sorghum was 41-63 cents higher. Soybeans closed 24-51 cents higher.


WHEAT


Kansas City U.S. No. 1 Hard Red Winter, ordinary protein rail bid was 1.48 3/4 to 1.53 3/4 cents higher from $7.05-$7.25 per bushel. Kansas City U.S. No. 2 Soft Red Winter rail bid was 1.28 3/4 cents higher from $7.25 to $8.15 per bushel. St. Louis truck U.S. No. 2 Soft Red Winter terminal bid was $1.22 higher at $7.04 per bushel. Minneapolis and Duluth U.S. No. 1 Dark Northern Spring, 14 to 14.5 percent protein rail, was 64 3/4 cents higher from $7.98 to $8.13 per bushel. Portland U.S. Soft White wheat rail was $1.15 to $1.30 higher from $6.30 to $6.65 per bushel.


CORN


Kansas City U.S. No. 2 rail White Corn was 34 to 35 cents higher from 3.71-3.78 per bushel. Kansas City U.S. No. 2 truck Yellow Corn was 25 cents higher at 3.76 per bushel. Omaha U.S. No. 2 truck Yellow Corn was 18-21 cents higher at 3.61-3.66 per bushel. Chicago U.S. No. 2 Yellow Corn was 19 1/4-20 1/4 cent higher from 3.58 1/2-3.83 1/2 1/2 per bushel. Toledo U.S. No. 2 rail Yellow corn was 19 1/4-22 1/4 cents higher from 3.82 1/2-3.89 1/2 per bushel.


Minneapolis US No 2 Yellow Corn rail was 25 1/4 cents higher at 3.45 1/2 per


bushel.




Print Print

User Comments

blog comments powered by Disqus