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. 16

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. 15, $5.75 which was 10 to 25 cents per bushel lower compared to Dec. 8 bids of $5.85-6, mostly $5.94. 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 $7.35-7.55, mostly $7.43 and White Club Wheat were $7.40-7.85, mostly $7.60. Nearby bids for U.S. 1 Soft White wheat began the reporting week on Dec. 9 at mostly $5.85, then slowly rose to mostly $5.86 on Dec. 12 and to mostly $5.90 on Dec. 13 before dropping to mostly $5.80 on Dec. 14 in response to the moderately lower Chicago March wheat futures on Dec. 14. Dec. 15 bids ended of the reporting week at the weekly low of mostly $5.75. Moderately lower Chicago March wheat futures weighed on soft white wheat bids during the week. There were no new confirmed export sales of white wheat this week. Forward month bids for soft white wheat were as follows: January $5.75-6; February $5.82-6.02; March $5.82-6.04; and April $5.87-6.06. One year ago, forward month bids for soft white wheat were as follows: January through March were $7.40-7.60, April $7.35-7.45 and August New Crop $6.84-7.15. Bids for December through March for one year ago were delivered by rail only. Bids for April and August New Crop delivery were by unit trains or barges.

Outstanding U.S. white wheat export sales as of Dec. 8, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 1,189.7 thousand MT compared to 1,205.0 thousand MT on Dec. 1, and 1,273.3 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 358.0, Japan 195.6, Philippines 186.9, Mexico 154.5, Thailand 48.5, China 35.0, Nigeria 21.4, Taiwan 11.3, Canada 3.2, Vietnam 1.5, Hong Kong 1.1, Sweden 0.7, Malaysia 0.1 and total unknown 171.9. Accumulated white wheat export shipments as of Dec. 1, in 1,000 MT for the 2011-12 marketing year, totaled 2,527.9 compared to 2,479.0 one year ago.

Outstanding U.S. barley export sales as of December 8, 2011 for the marketing year beginning June 1, and ending May 31 in 1,000 MT, totaled 0.2 compared to 0.2 on Dec. 1, 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 Dec. 8, were 82.5 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 $252.50-253.50, $6.25 to $7.25 per ton lower than last Wednesday's bids of $259.75. Bids for U.S. 2 Yellow Corn truck delivered to Yakima and Hermiston were $240.25-256.50, which was $7.50 to $7.75 per ton lower than last Thursday's bids of 248-264. Cash corn bids were pressured by the lower Chicago March corn futures for the week. Bids for U.S. 2 Heavy White Oats for December delivery were $210, steady with last Thursday's noon bids.

CALIFORNIA GRAINS

(USDA Market News)

Dec. 16

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 Sale $13.95

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF Ind. $13.15-13.25

Tulare - via Union Pacific Ind. $13.15-13.25

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa $12.65-12.75

Stockton-Modesto-Oakdale-Turlock Offer $13.75-15

Fresno-Tulare-Corcoran-Coalinga Sale $12.80

Rail Single Car Units via BNSF

Chino Valley $13.05

Los Angeles $13.05

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $12.98

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $13.75-15

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 $13.76-14.09

Los Angeles 13 percent Protein $13.96-14.29

Los Angeles 14 percent Protein $14.16-14.49

Truck/Rail Los Angeles 11.5 percent Protein $13.29-13.62

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa Sale $12.50

Stockton-Modesto-Oakdale-Turlock Sale $12.75

Truck/Rail L.A.-Chino Valley Sale $13-13.50

Prices paid to California farmers, seven-day reporting period ending Dec. 15:

WHEAT, U.S. No. 2 or better, Hard Red Winter Wheat 13 percent Protein

Tulare $11.03 AH, June-July 2010 Del Locally

Kern $11 AH, June-July 2012 FOB Ranch

WHEAT, U.S. No. 2 or better, Hard White Wheat 13 percent Protein

Kern $11 AH, June-July 2012 FOB Ranch

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

San Joaquin $ 12.04-12.22 December 2011 Del Locally

Recommended for you