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Posted: Thursday, October 11, 2012 9:57 AM




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Portland Daily Grain Report for Thursday, Oct. 11, 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 18.25 to 22 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 22 cents per bushel higher than Wednesday's noon bids. Several exporters were not issuing bids for nearby delivery. Higher Chicago December wheat futures supported cash bids.

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 21.50 cents per bushel higher compared to Wednesday's noon bids for October delivery. Higher Kansas City December wheat futures supported cash bids. 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 bids were indicated as 18.25 to 23.25 cents per bushel higher compared to Wednesday's noon bids. Higher Minneapolis December wheat futures supported cash bids. Several 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 65 to 66.25 cents per cwt higher compared to Wednesday's noon bids. Higher Chicago December corn futures supported cash corn bids. Corn bids truck delivered to the Yakima Valley trended 65 cents per cwt higher than Wednesday's noon bids in reaction to the higher Chicago December corn futures.

All wheat bids in dollars per bushel

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

Oct mostly 9.0050, ranging 8.9175-9.0675

Nov 9.0175-9.1675

Dec 9.0500-9.2175

Jan 9.0500-9.3225

Feb 9.1000-9.3225

_

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

Oct mostly 9.0050, ranging 8.9175-9.0675

*Not fully established.

_

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

Ordinary protein 9.3800-9.6300

10 pct protein 9.3800-9.6300

11 pct protein 9.5900-9.7700

11.5 pct protein

Oct 9.6900-9.8400

12 pct protein 9.7200-9.8600

13 pct protein 9.7800-9.9000

_

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 9.9200-10.1600

14 pct protein

Oct 10.1200-10.3200

15 pct protein 10.1200-10.3200

16 pct protein 10.1200-10.3200

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.6875-15.7125

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.3625-16.0250

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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