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

July 12

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during July ended the reporting week on Thursday, July 12, at $8.40-8.50, mostly $8.45, 30 cents per bushel higher than week ago bids of $8.10-8.20, mostly $8.14. There were no white club wheat premiums for nearby delivery for the current or previous weeks. One year ago bids for U.S. 1 Soft White Wheat and white club wheat for July delivery were both $6.50-6.80, mostly $6.70. Nearby bids for U.S. 1 Soft White wheat began the reporting week on July 6 at mostly $8.05, then jumped moderately higher to mostly $8.25 on July 9, and remained there on July 10 before falling slightly to mostly $8.21 on July 11. July 12, bids for soft white wheat ended the reporting week at the weekly high of mostly $8.45. Bids were supported by the higher Chicago September wheat futures and good exporter demand to fulfill upcoming vessel commitments. New confirmed export sales of white wheat were to South Korea and Japan this week. Forward month bids for soft white wheat were as follows: August New Crop $8.35-8.55, September $8.35-8.60, October $8.35-8.65, and November $8.35-8.70. One year ago, forward month bids for soft white wheat were as follows: August New Crop $6.50-6.80, September $6.75-6.90, October $6.80-6.95 and November $6.80-7.

Outstanding U.S. white wheat export sales as of July 5, for the marketing year beginning July 1, 2012, and ending May 31, 2013, totaled 1,065.9 thousand MT compared to 1,049.7 thousand MT on June 28, and 1,132.9 thousand MT one year ago. Outstanding white wheat export sales for the 2012-13 marketing year were to the following countries in 1,000 MT: South Korea 205.4, Philippines 183.4, Japan 147.7, Indonesia 55.0, Thailand 25.5, Taiwan 22.0, Nigeria 21.5, Singapore 15.0, Vietnam 3.9, Malaysia 1.5, Hong Kong 1.4, Canada 1.1, Sweden 0.3 and total unknown 382.2. Accumulated white wheat export shipments as of July 5, in 1,000 MT for the 2012-13 marketing year, totaled 345.7 compared to 592.2 one year ago.

Outstanding U.S. barley export sales as of July 5, for the marketing year beginning July 1, 2012, and ending May 31, 2013, in 1,000 MT, totaled 84.5 compared to 84.5 on June 28, and 25.0 one year ago. Outstanding barley export sales for the 2012-13 marketing year in 1,000 MT were to the following countries in 1,000 MT: Saudi Arabia 27.5, Japan 1.5, Taiwan 0.5 and total unknown 55.0. Accumulated barley export shipments as of July 5 were 0.7 thousand MT compared to 1.9 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $313-317.50, $1.75 to $5.50 per ton lower than July 5 bids of $318.50-319.25. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash., and Hermiston, Ore., were not available. Corn bids were supported by the sharply higher Chicago September corn futures for the week, however most corn traders lowered their basis to offset the higher futures. Bids for U.S. 2 Heavy White Oats for July delivery trended steady compared to July 7 noon bids at $260.

CALIFORNIA GRAINS

(USDA Market News)

Portland

July 12

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 Stockton-Modesto-Oakdale-Turlock Offer $15.50

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF Ind. $14.75-15

Tulare - via Union Pacific Ind. $14.75-15

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa $15.10-16

Stockton-Modesto-Oakdale-Turlock Offer $16.24

Fresno-Tulare-Corcoran-Coalinga $14.68-15.24

Rail Single Car Units via BNSF

Chino Valley $16.42-16.45

Los Angeles $16.42-16.45

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $16-16.02

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $15

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

(Domestic Values for Flour Milling) California origin

Tulare County 13 percent protein NA

Los Angeles 12 percent Protein $16.88-17.30

Los Angeles 13 percent Protein $17.15-17.57

Truck/Rail Los Angeles 11.5 percent Protein NA

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa Offer $15.50

Stockton-Modesto-Oakdale-Turlock NA

Colusa County NA

Truck/Rail Los Angeles-Chino Valley NA

Prices paid to California farmers, seven-day reporting period ending July 12:

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

Kings-Tulare-

Fresno $14.80 July del. locally

Kern $15 July FOB Ranch

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

Kings-Tulare-

Fresno $14.80 July del. locally

Kern $15 July FOB Ranch

Kern $14.85 July del. locally

San Luis Obispo $14.90 July-August del. Tulare

Kings $15.24 September del. Tulare

Madera $13.50-14.85 June-July del. Tulare

BARLEY, U.S. No. 2, 48 lbs per bushel

Kings-Tulare-

Fresno $14 July del. locally

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

Sacramento $12.25-12.75 AH, November FOB Ranch

Solano $13 AH, November del. locally

Kings $13.50 AH, September FOB Ranch

Madera $14.76-14.80 AH, September del. Kings

Kings $14.80 AH, August del. locally

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