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Portland Daily Grain Report for Thursday, June 9, 2011


Bids as of 9:30 a.m.; subject to change.






Bids for grains delivered to Portland, Oregon during June 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 and barley bids are for full June delivery. Bids for corn are for 30 day delivery.






July wheat futures trended 1/4 of a cent to 37-1/2 cents per bushel higher compared to Wednesday's closes, with the largest advance in Minneapolis. September Minneapolis spring wheat futures were 1-1/2 cents per bushel higher.






Bids for US 1 Soft White Wheat for June delivery in unit trains or barges were steady to 12 cents per bushel lower in a limited test in early trading. Some exporters were not issuing bids for nearby delivery.






Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June delivery were steady to five cents per bushel higher in early trading supported by a higher basis bid by some exporters.






Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for June delivery were not well tested in early trading, but trended generally seven cents per bushel higher than Wednesday's noon bids. Slightly higher Minneapolis September wheat futures and a higher basis bid by some exporters were supportive to bids. Protein scales for non-guaranteed 14.0 percent protein were plus 35 to 45 cents each 1/4 of a percent of protein up to 16 percent protein and minus 45 to 50 cents each 1/4 of a percent of protein down to 13 percent protein. Some exporters are bidding a premium for guaranteed dark and guaranteed 14 percent protein dark northern spring wheat.






Bids for US 2 Barley for June delivery were not well tested.






Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 36-1/4 cents per cwt higher than Wednesday's noon bids due to the higher Chicago July corn futures. Bids for corn truck delivered to the Yakima Valley were not well tested.






All wheat bids in dollars per bushel



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



Jun mostly 7.77, ranging 7.70-7.80



Jul 7.70-7.80



Aug NC 7.80-7.87



Sep 7.85-7.92



Oct 7.90-8.00



_



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



Jun mostly 7.77, ranging 7.70-7.80



* Not fully established.



_



US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *



Ordinary protein 8.05-8.15



10 pct protein 8.05-8.15



11 pct protein 8.95-9.05



11.5 pct protein



Jun 9.40-9.50



Aug NC 9.26-9.39



12 pct protein 9.75-9.85



13 pct protein 10.35-10.60



13 pct protein- NA



Milling Quality Montana Origin



* Not fully established.



_



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) *



12 pct protein NA



13 pct protein 10.57-10.92



14 pct protein



Jun 12.57-12.72



Aug NC 11.22-11.52



GTN Dark, GTN 14% June 12.67-13.12



15 pct protein 14.12-14.37



16 pct protein 15.52-16.17



* Not fully established.



_



US 2 Barley dollars per CWT



Unit trains & Barges-export (45 lbs.) * NA



Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)



Delivered to Portland NA



Delivered to inland feeding areas NA



FOB inland Country Elevators NA



* Not fully established.



_



US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 16.1125-16.1250



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley NA



_



US 2 Heavy White Oats in dollars per CWT** 10.50



** Not well tested.






Exporter Bids Portland Rail/Barge May 2011



Averages in Dollars per bushel






No. 1 Soft White by Unit Trains or Barges 7.84



No. 1 Hard Red Winter (Ordinary protein) 8.14



No. 1 Hard Red Winter (11.5% protein) 9.49



No. 1 Dark Northern Spring (14% protein) 12.22



No. 2 Barley NA






Source: USDA Market News Service, Portland, Ore.



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