Posted: Wednesday, December 12, 2012 9:35 AM
Bids as of 9:30 a.m. Pacific time; subject to change.
Bids for grains delivered to Portland, Ore., during December 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 December delivery. Bids for corn are for 30 day delivery.
March wheat futures trended three to 7.75 cents per bushel lower compared to Tuesday's closes.
Bids for US 1 Soft White Wheat for December delivery in unit trains or barges trended 5.75 cents per bushel lower than Tuesday's bids for December delivery. Some exporters were not issuing bids for nearby delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery were not fully established in early trading, but were indicated as generally 7.75 cents per bushel lower compared to Tuesday's noon bids for December delivery, in following the lower Kansas City March wheat futures.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were not well tested in early trading, but bids were indicated as generally three cents per bushel lower than Tuesday's noon bids for the same delivery period, following the lower Minneapolis March wheat futures. 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 7.50 to 8.75 cents per cwt lower compared to Tuesday's noon bids. Lower Chicago March corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley also trended 7.50 to 8.75 cents per cwt lower compared to Tuesday's noon bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
US 1 White Club Wheat - delivered by Unit Trains and Barges *
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *
Ordinary protein 9.2875-9.3775
10 pct protein 9.2875-9.3775
11 pct protein 9.4875-9.5175
11.5 pct protein
12 pct protein 9.6075-9.6375
13 pct protein 9.6475-9.7375
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 9.7300-9.7700
14 pct protein
15 pct protein 9.9300
16 pct protein 9.9300
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 14.9500-15.0625
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 14.4750-15.2750
US 2 Heavy White Oats in dollars per CWT ** 13.2500
** Not well tested.
Exporter Bids Portland Rail/Barge Nov 2012
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 8.8700
US 1 Hard Red Winter (Ordinary protein) 9.6200
US 1 Hard Red Winter (11.5% protein) 9.9000
US 1 Dark Northern Spring (14% protein) 10.2100
Source: USDA Market News Service, Portland, OR