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Posted: Thursday, October 04, 2012 10:14 AM




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Portland Daily Grain Report for Oct. 4, 2012

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

Bids for grains delivered to Portland, Oregon 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 0.50 to 2.00 cents per bushel higher 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 3.75 to 5.75 cents per bushel higher 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 two cents per bushel higher than Wednesday's noon bids for October delivery. Bids were supported by the higher Kansas City December wheat futures. 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 available in early trading as most 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 3.75 cents per cwt higher compared to Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley trended mixed, from 55 cents lower to 3.75 cents per cwt higher than Wednesday's noon bids. Higher Chicago December corn futures supported cash corn bids, however a lower basis bid by some corn traders pressured bids.

All wheat bids in dollars per bushel

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

Oct mostly 8.6925, ranging 8.5875-8.8875

Nov 8.7500-8.9875

Dec 8.8200-9.0375

Jan 8.9900-9.1400

Feb 8.9900-9.1400

_

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

Oct mostly 8.6925, ranging 8.5875-8.8875

*Not fully established.

_

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

Ordinary protein 9.1200-9.3700

10 pct protein 9.1200-9.3700

11 pct protein 9.3300-9.5100

11.5 pct protein

Oct 9.4300-9.5800

12 pct protein 9.4600-9.6000

13 pct protein 9.5200-9.6400

_

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 NA

14 pct protein

Oct NA

15 pct protein NA

16 pct protein NA

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.4250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.1000-15.7625

US 2 Heavy White Oats in dollars per CWT ** 13.2500

** Not well tested.

Exporter Bids Portland Rail/Barge Sep 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.7700

US 1 Hard Red Winter (Ordinary protein) 9.2700

US 1 Hard Red Winter (11.5% protein) 9.4900

US 1 Dark Northern Spring (14% protein) 9.8600

Source: USDA Market News Service, Portland, Ore.

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