Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated.

PORTLAND GRAIN

(USDA Market News)

Portland

Dec. 2

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during December ended the reporting week on Thursday, Dec. 1, $5.85-6, mostly $5.91 which was 20 cents per bushel higher compared to Nov. 23 bids of $5.65-5.80 for December delivery. There were no white club wheat premiums for December delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat for December delivery were $6.10-6.95, mostly $6.55 and White Club Wheat were $6.10-7.10, mostly $6.72. Nearby bids for U.S. 1 Soft White wheat began the reporting week at mostly $5.76 on Monday, Nov. 28 they rose to mostly $5.85 on Nov. 29 and continued higher to mostly $5.95 on Nov. 30. Dec. 1 bids ended of the reporting week at mostly $5.91. Moderately higher Chicago March wheat futures supported the higher soft white wheat bids during the week. New confirmed export sales of white wheat this week were limited to Japan. Forward month bids for soft white wheat were as follows: first half January $5.90-6.05, last half January $5.95-6.05; February $5.95-6.07; March $5.95-6.09; and April $5.95-6.11. One year ago, forward month bids for soft white wheat were as follows: January $6.30-6.95, February $6.55-6.95, March $6.55-6.75 and April $6.45-6.80. Bids for December through March for one year ago were delivered by rail only. Bids for April delivery were by unit trains or barges.

Outstanding U.S. white wheat export sales as of Nov. 24, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 1,143.2 thousand MT compared to 986.2 thousand MT on Nov. 17, and 1,329.0 thousand MT one year ago. Outstanding white wheat export sales for the 2011-12 marketing year were to the following countries in 1,000 MT: South Korea 398.0, Philippines 228.9, Japan 160.9, Indonesia 40.0, China 35.0, Mexico 32.9, Thailand 27.5, Nigeria 21.4, Taiwan 11.3, Canada 3.5, Vietnam 1.5, Hong Kong 1.1, Malaysia 0.1 and total unknown 181.1. Accumulated white wheat export shipments as of Nov. 24, in 1,000 MT for the 2011-12 marketing year, totaled 2,371.5 compared to 2,239.7 one year ago.

Outstanding U.S. barley export sales as of Nov. 24, for the marketing year beginning June 1, 2011, and ending May 31, 2012, in 1,000 MT, totaled 0.2 compared to 0.9 on Nov. 17, and 9.7 one year ago. Outstanding barley export sales were to the following countries in 1,000 MT: Taiwan 0.2. Accumulated barley export shipments as of Nov. 24, were 82.3 thousand MT compared to 80.5 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Barley delivered to the coast in unit trains or barges and bids for U.S. 2 Barley delivered to the inland feeding areas of Hermiston, Ore., and Yakima, Wash., during December were not well tested. Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $260.25, $2.25 per ton higher than last Wednesday's bids of $258. Bids for U.S. 2 Yellow Corn truck delivered to Yakima and Hermiston were $248.50-264.50, which was $1.75 to $3.25 per ton higher than last Wednesday's bids of $245.25-262.75. Cash corn bids were supported by the higher Chicago March corn futures for the week. Bids for U.S. 2 Heavy White Oats for December delivery were $210, steady with Nov. 23 noon bids.

CALIFORNIA GRAINS

(USDA Market News)

Dec. 2

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

Mode Destination Price per cwt.

BARLEY - U.S. No. 2 (46-lbs. per bushel)

Truck Petaluma-Santa Rosa $13.95

Fresno-Tulare-Corcoran-Coalinga $12.50

Colusa County NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF $13.50

Tulare - via Union Pacific $13.50

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa $12.75-12.85

Stockton-Modesto-Oakdale-Turlock Offer $13.51

Fresno-Tulare-Corcoran-Coalinga $12.04-12.74

Rail Single Car Units via BNSF

Chino Valley $13.51

Los Angeles $13.51

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $13.48

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $14.25-14.50

Los Angeles-Chino Valley $14.50

WHEAT - U.S. No. 2 or better - Hard Red Winter

(Domestic Values for Flour Milling) California origin

Los Angeles 12 percent Protein $14.28-14.62

Los Angeles 13 percent Protein $14.48-14.82

Los Angeles 14 percent Protein $14.68-15.02

Truck/Rail Los Angeles 11.5 percent Protein $13.82-14.15

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa $12.50

Stockton-Modesto-Oakdale-Turlock $12.25-12.75

Fresno-Tulare $10.83-11.17

Los Angeles-Chino Valley NA

Truck/Rail L.A.-Chino Valley $13.50-14

Prices paid to California farmers, seven-day reporting period ending Nov. 18:

YELLOW CORN, U.S. No. 2 or better

Glenn $10.40 30 day, coming out of storage Glenn County

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