Posted: Wednesday, November 28, 2012 9:32 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.
December wheat futures trended 5.25 to seven cents per bushel higher than Tuesday's closes. March Minneapolis wheat futures were six cents per bushel higher than Tuesday's closes, and March Kansas City wheat futures were 5.50 cents per bushel higher compared to Tuesday's closes.
Bids for US 1 Soft White Wheat for December delivery in unit trains or barges trended six to nine cents per bushel higher 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 5.50 to 9.50 cents per bushel higher compared to Tuesday's noon bids for December delivery. Higher Kansas City December and March wheat futures supported cash bids.
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 six to seven cents per bushel higher than Tuesday's noon bids for the same delivery period. 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 2.50 cents per cwt higher compared to Tuesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 2.50 cents per cwt higher compared to Tuesday's noon bids. Higher Chicago December corn futures supported cash corn bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Dec mostly 9.0150, ranging 8.9400-9.0900
Jan 8.7000-9.1425
Feb 8.9000-9.1925
Mar 8.9000-9.1925
Apr 8.9000-9.2575
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US 1 White Club Wheat - delivered by Unit Trains and Barges *
Dec mostly 9.0150, ranging 8.9400-9.0900
*Not fully established.
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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *
Ordinary protein 9.8075-9.9775
10 pct protein 9.8075-9.9775
11 pct protein 10.0075-10.1175
11.5 pct protein
Dec 10.1075-10.1875
12 pct protein 10.1575-10.2075
13 pct protein 10.1975-10.2875
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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 10.0350-10.2550
14 pct protein
Dec 10.2350-10.4150
15 pct protein 10.2350-10.4150
16 pct protein 10.2350-10.4150
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US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 15.6500-15.7750
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 15.1500-15.5250
US 2 Heavy White Oats in dollars per CWT ** 13.2500
** Not well tested.
Exporter Bids Portland Rail/Barge Oct 2012
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 8.7500
US 1 Hard Red Winter (Ordinary protein) 9.3900
US 1 Hard Red Winter (11.5% protein) 9.6600
US 1 Dark Northern Spring (14% protein) 10.1700
Source: USDA Market News Service, Portland, OR