Posted: Thursday, September 27, 2012 9:41 AM
Bids as of 9:30 a.m. Pacific time; subject to change.
Bids for grains delivered to Portland, Ore., during October 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 October delivery. Bids for corn are for 30 day delivery.
December wheat futures trended 3.50 to seven cents per bushel lower than Wednesday's closes.
Bids for US 1 Soft White Wheat for October delivery in unit trains or barges were not fully established in early trading but bids were indicated as steady to 2.75 cents per bushel lower than Wednesday's noon bids for October delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery were not fully established in early trading, but were indicated as seven cents per bushel lower than Wednesday's noon bids for October delivery. Some exporters were not issuing bids for nearby delivery.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for October delivery were not fully established in early trading, but were indicated as 3.50 cents per bushel lower compared to Wednesday's noon bids for October delivery. Some exporters were not issuing bids for nearby delivery.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 13.75 cents per cwt lower compared to Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 13.75 cents per cwt lower than Wednesday's noon bids. Lower Chicago December corn futures pressured cash corn bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Oct mostly 8.6050, ranging 8.4725-8.7500
Nov 8.6500-8.8500
Dec 8.7000-8.9000
Jan 8.8000-8.9500
Feb 8.8475-9.0000
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US 1 White Club Wheat - delivered by Unit Trains and Barges *
Oct mostly 8.6050, ranging 8.4725-8.7500
*Not fully established.
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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *
Ordinary protein 9.0250-9.0650
10 pct protein 9.0250-9.0650
11 pct protein 9.2250-9.2750
11.5 pct protein
Oct 9.3250-9.3750
12 pct protein 9.3250-9.3750
13 pct protein 9.3250-9.3750
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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 9.5600-9.7100
14 pct protein
Oct 9.7600-9.9100
15 pct protein 9.7600-9.9100
16 pct protein 9.7600-9.9100
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US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 14.6750-14.7375
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 14.9500-15.0125
US 2 Heavy White Oats in dollars per CWT ** 12.5000
** Not well tested.
Exporter Bids Portland Rail/Barge Aug 2012
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 8.6900
US 1 Hard Red Winter (Ordinary protein) 9.0700
US 1 Hard Red Winter (11.5% protein) 9.3300
US 1 Dark Northern Spring (14% protein) 9.7900
Source: USDA Market News Service, Portland, OR