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

April 20

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during April ended the reporting week on Thursday, April 19, at $6.90-7.11, mostly $7.02, nine to 20 cents per bushel lower than week ago bids for the same delivery period. April 13 bids for soft white wheat for April delivery were $7.10-7.20, mostly $7.10. There were no white club wheat premiums for April delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat for April delivery were $8 and year ago white club wheat bids for April delivery were $8-8.50, mostly $8.25. Nearby bids for U.S. 1 Soft White wheat began the reporting week on April 14 at $7 before moving lower to mostly $6.94 on April 17, only to jump higher to mostly on April 18 to mostly $7, before dropping lower to mostly $6.93 on April 19. April 20, the reporting week end bids moved to the weekly high of mostly $7.02. New confirmed export sales of white wheat this week were limited to Japan and Bangladesh. Forward month bids for soft white wheat were as follows: May $7-7.11; June $6.80-7.05; First Half July $6.75-6.80; Last Half July $6.45-6.60; and August New Crop $6.55-6.60. One year ago, forward month bids for soft white wheat were May $7.95-8, June $7.95-8.10, July $7.70-8.10 and August New Crop $7.80-8. Bids for April through August New Crop delivery were by unit trains or barges.

Outstanding U.S. white wheat export sales as of April 12, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 1,073.8 thousand MT compared to 1,263.6 thousand MT on April 5, 2012, and 1,233.4 thousand MT one year ago. Outstanding white wheat export sales for the 2011-2012 marketing year were to the following countries in 1,000 MT: South Korea 269.8, Japan 232.5, Philippines 92.4, Egypt 60.0, Thailand 39.5, Ecuador 30.3, Nigeria 29.0, Taiwan 15.3, Indonesia 15.0, Mexico 14.0, Canada 1.1, Hong Kong 1.1, Vietnam 0.6, and total unknown 273.2. Accumulated white wheat export shipments as of April 12, 2012, in 1,000 MT for the 2011-2012 marketing year, totaled 4,764.1 compared to 3,933.4 one year ago.

Outstanding U.S. barley export sales as of April 12, for the marketing year beginning June 1, 2011, and ending May 31, 2012, in 1,000 MT, totaled 2.1 compared to 1.8 on April 5, and 4.7 one year ago. Outstanding barley export sales for the 2011-12 marketing year in 1,000 MT were to the following countries in 1,000 MT: Japan 1.8 and Taiwan 0.3. Accumulated barley export shipments as of April 12, were 83.1 thousand MT compared to 96.1 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $267.75-268.50, $6.25 per ton lower than April 12 bids of $274-274.75. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash., and Hermiston, Ore., were $262.75-264.25, $6 to $6.75 per ton lower than April 12 bids of $268.75-271. Lower Chicago May corn futures for the week pressured cash corn bids. Bids for U.S. 2 Heavy White Oats for March delivery were $250, steady with April 12 noon bids.

CALIFORNIA GRAINS

(USDA Market News)

Portland

April 19

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 Offer $14

Fresno-Tulare-Corcoran-Coalinga Ind. $13-75

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF Ind. $13

Tulare - via Union Pacific Ind. $13.50

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa $13.13

Stockton-Modesto-Oakdale-Turlock $13.33-13.66

Fresno-Tulare-Corcoran-Coalinga $11.80-11.85

Rail Single Car Units via BNSF

Chino Valley $13.75

Los Angeles $13.75

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $13.68

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $13.50-14

Los Angeles-Chino Valley $15.25

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

(Domestic Values for Flour Milling) California origin

Tulare County 13 percent protein $12.78

Los Angeles 14 percent Protein NA

Truck/Rail Los Angeles 11.5 percent Protein $13.96-14.12

Los Angeles 11-12 percent Protein NA

Los Angeles 13 percent Protein $14.29-14.79

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa Offer $14

Fresno-Tulare NA

Colusa County NA

Truck/Rail Los Angeles-Chino Valley $13.75-14.25

Prices paid to California farmers, seven-day reporting period ending April 19:

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

Imperial $13.10 back to the grower spot in local storage

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

Kings $12.78 AH, September del locally

Recommended for you