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. 23

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 holiday shortened reporting week on Wednesday, Nov. 23, $5.75-5.80, mostly $5.78 which was 15 cents per bushel lower compared to Nov. 17 bids of $5.90-5.95, mostly $5.92. There were no white club wheat premiums for November delivery for the weeks of Nov. 24 and Nov. 17. One year ago bids for U.S. 1 Soft White Wheat for December delivery were $6.10-6.55, mostly $6.38 and White Club Wheat were $6.10-7.05, mostly $6.55. Nearby bids for U.S. 1 Soft White wheat began the holiday shortened reporting week at mostly $5.90 on Nov. 18 and dropped to mostly $5.83 on Nov. 21 continuing lower to mostly $5.78 on Nov. 22 and held at that level through Nov. 23 the end of the reporting week. Bids were pressured by lower Chicago March wheat futures. There were no new confirmed export sales of white wheat this week. Forward month bids for soft white wheat were as follows: December $5.65-5.80, January $5.65-5.88, February $5.80-5.90, and March $5.80-5.92. One year ago, forward month bids for soft white wheat were as follows: January and February $6.20-6.75, March $6.25-6.75 and April was not available. Bids for December through March for one year ago were delivered by rail only.

Outstanding U.S. white wheat and barley export sales as of Nov. 17 were not available this week due to the Federal Thanksgiving holiday.

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 $258, $9 to $9.25 per ton lower than last Thursday's bids of $267-267.25. Bids for U.S. 2 Yellow Corn truck delivered to Yakima and Hermiston, were $245.25-262.75 which was $6.75 to 9.25 per ton lower than last Thursday's bids of $254.50-269.50. Cash corn bids were pressured by the lower Chicago December and March corn futures for the week. Some corn traders switched their basis to over the Chicago March corn futures. Bids for U.S. 2 Heavy White Oats for November delivery were $210, steady with last Thursday's noon bids.

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