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

Nov. 10

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during November ended the reporting week on Thursday, Nov. 10, $6.15-6.28, mostly $6.21 which was five to 12 cents per bushel lower compared to week ago bids of $6.20-6.40, mostly $6.29 for the same delivery period. There were no white club wheat premiums for November delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat and White Club Wheat for November delivery were both $6-6.45, mostly $6.23. Nearby bids for U.S. 1 Soft White wheat began the reporting week at mostly $6.23 on Nov. 4, then advanced to mostly $6.25 on Nov. 7, continuing higher to mostly $6.29 on Nov. 8. Bids moved lower to mostly $6.22 on Nov. 9 and continued lower Nov. 10 to mostly $6.21. Chicago December wheat futures were lower for the week and pressured the bids. New confirmed export sales of white wheat this week were limited to Japan. Forward month bids for soft white wheat were as follows: December $6.20-6.30; January $6.20-6.32; February $6.24-6.34; and March $6.25-6.36. One year ago, forward month bids for soft white wheat were as follows: December $6.55-6.65; January and February $6.65-6.80; and March $6.65-6.85. Bids for December through March for one year ago were delivered by rail only.

Outstanding U.S. white wheat export sales as of Nov. 3, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 898.9 thousand MT compared to 926.3 thousand MT on Oct. 27, and 1,168.6 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: Philippines 241.5, South Korea 192.5, Japan 153.7, Sri Lanka 55.0, Indonesia 40.0, Mexico 33.2, Taiwan 25.6, Nigeria 18.4, Canada 3.5, Hong Kong 1.3, Vietnam 1.0, Malaysia 0.1 and total unknown 133.1. Accumulated white wheat export shipments as of Nov. 3, in 1,000 MT for the 2011-12 marketing year, totaled 2,197.7 compared to 2,112.4 one year ago.

Outstanding U.S. barley export sales as of Nov. 3, for the marketing year beginning June 1, 2011, and ending May 31, 2012, in 1,000 MT, totaled 0.6 compared to 0.6 on Oct. 27, and 36.4 one year ago. Outstanding barley export sales were to the following countries in 1,000 MT: Japan 0.6. Accumulated barley export shipments as of Nov. 3, were 81.6 thousand MT compared to 60.4 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 November were not well tested. Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $277.75-278, $2.75 to $3.50 per ton lower than a week ago bids of $280.50-281.50. Bids for U.S. 2 Yellow Corn truck delivered to Yakima and Hermiston were $265.50-280.50, which was $3 per ton lower than last week's bids of $268.50-283.50. Cash corn bids were pressured by the lower Chicago December corn futures for the week. Bids for U.S. 2 Heavy White Oats for November delivery were $210, steady with last Thursday's noon bids.

CALIFORNIA GRAINS

(USDA Market News)

Nov. 10

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 $15

Colusa County NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF NA

Tulare - via Union Pacific NA

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa Bid $13.29

Stockton-Modesto-Oakdale-Turlock Offer $14.03

Fresno-Tulare-Corcoran-Coalinga NA

Rail Single Car Units via BNSF

Chino Valley $14.28

Los Angeles $14.28

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $14.22

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $14.25-15

Los Angeles-Chino Valley $15.50

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

(Domestic Values for Flour Milling) California origin

Los Angeles 12 percent Protein $14.75-15.08

Los Angeles 13 percent Protein $14.95-15.28

Los Angeles 14 percent Protein $15.15-15.48

Truck/Rail Los Angeles 11.5 percent Protein $14.12-14.45

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa Offer $14

Stockton-Modesto-Oakdale-Turlock $13.15

Fresno-Tulare NA

Los Angeles-Chino Valley NA

Truck/Rail L.A.-Chino Valley $14-14.50

Prices paid to California farmers, seven-day reporting period ending Nov. 10:

WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling

Imperial $18.16 AH, May-June 2012 Del Locally

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

San Joaquin $13.35 November Del Locally

Kings/Tulare $12.98-13 November Del Tulare County

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