Bids as of 9:30 a.m.; Subject to change.
Bids for grains delivered to Portland, Ore., during April by unit trains and barges, in dollars per bushel, except oats, corn and barley, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. All other wheat bids are for full April delivery. Bids for corn are for 30 day delivery.
May wheat futures trended mixed, from one cent lower to 8-1/2 cents per bushel higher in early trading compared to Friday's closes, with the decline in Minneapolis and the most advance in Kansas City. July Kansas City wheat futures trended nine cents higher compared to Friday's close. July Minneapolis wheat futures trended 2-1/2 cents per bushel lower.
Bids for US 1 Soft White Wheat for April delivery in unit trains or barges were not well tested in early trading, but trended steady to six cents per bushel higher compared to Friday's bids for April delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April delivery were not well tested in early trading, but bids were indicated as nine cents per bushel higher compared to Friday's noon bids, with support coming from the higher Kansas City May and July wheat futures.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for April delivery were not well tested, but bids were indicated as one cents per bushel lower than Friday's noon bids. Bids were pressured by the lower Minneapolis May wheat futures. Protein scales were down 15 cents per 1/4 percent protein down to 13 percent protein and up five cents per 1/4 percent protein up to 16 percent protein.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 8-3/4 to ten cents per cwt higher than Friday's noon bids. Higher Chicago July corn futures supported cash corn bids. Corn bids truck delivered to the Yakima Valley trended mixed, from 7-1/2 cents lower to 8-3/4 per cwt higher compared to Friday's noon bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Apr mostly 7.05, ranging 6.96-7.18
May 7.00-7.18
Jun 6.80-7.11
July 6.65-6.85
Aug NC 6.49-6.55
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US 1 White Club Wheat - delivered by Unit Trains and Barges *
Apr mostly 7.05, ranging 6.96-7.18
* Not fully established.
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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *
Ordinary protein 6.45-6.75
10 pct protein 6.45-6.75
11 pct protein 7.05-7.35
11.5 pct protein
Apr 7.35-7.65
Aug NC 6.95-7.05
12 pct protein 7.55-7.90
13 pct protein 8.00-8.40
13 pct protein- NA
Milling Quality Montana Origin
* Not fully established.
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US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers, a maximum of 0.5 part per million vomitoxin, and a maximum of one percent total damage) *
12 pct protein NA
13 pct protein 8.70-8.80
14 pct protein
Apr 9.30-9.40
Aug NC 8.82-9.07
15 pct protein 9.50-9.60
16 pct protein 9.70-9.80
* Not fully established.
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US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 13.3250-13.3625
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 12.9125-13.1375
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US 2 Heavy White Oats in dollars per CWT** 12.50
** Not well tested.
Exporter Bids Portland Rail/Barge Mar 2012
Averages in Dollars per bushel
No. 1 Soft White by Unit Trains or Barges 7.07
No. 1 Hard Red Winter (Ordinary protein) 6.90
No. 1 Hard Red Winter (11.5% protein) 7.79
No. 1 Dark Northern Spring (14% protein) 9.56
Source: USDA Market News Service, Portland, OR
