Posted: Friday, October 12, 2012 10:08 AM
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 to 24.75 cents per bushel lower than Thursday's closes.
Bids for US 1 Soft White Wheat for October delivery in unit trains or barges were not available in early trading as several exporters were not issuing bids for nearby 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 23 cents per bushel lower compared to Thursday's noon bids for October delivery. Lower Kansas City December wheat futures pressured 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 cents per bushel lower compared to Thursday's noon bids. Lower Minneapolis December wheat futures pressured 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 26.25 to 27.50 cents per cwt lower compared to Thursday's noon bids. Lower Chicago December corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley trended 27.50 cents per cwt lower than Thursday'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 9.1400-9.4000
10 pct protein 9.1400-9.4000
11 pct protein 9.3500-9.6000
11.5 pct protein
12 pct protein 9.4800-9.7200
13 pct protein 9.5400-9.7600
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 9.6875-9.9275
14 pct protein
15 pct protein 9.8875-10.0875
16 pct protein 9.8875-10.0875
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 15.4125-15.4500
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 15.0875-15.7500
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.