PORTLAND GRAIN

(USDA Market News)

Portland

Dec. 6

Pacific Northwest Market Summary: Cash wheat bids for December delivery ended the reporting week on Thursday, December 6, mixed compared to week ago noon bids for December delivery. March wheat futures ended the reporting week on Thursday, December 6, higher as follows compared to week ago closes: Chicago wheat futures were 7.75 cents higher at 5.1550, Kansas City wheat futures were three cents higher at 4.9550 and Minneapolis wheat futures trended 1.25 cents higher at 5.6925. Chicago March corn futures trended 9.50 cents higher at 3.8275 and January soybean futures closed 22.25 cents higher at 9.0950.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during December for ordinary protein trended steady compared to week ago prices for the same delivery period from 6.15-6.30. Some exporters were not issuing bids for nearby delivery. White club wheat premiums were zero cents per bushel over soft white wheat bids this week and last week.

One year ago bids for US 1 Soft White Wheat any protein for December delivery by unit trains and barges to Portland were 5.1225-5.30 and bids for White Club Wheat were 5.1225-5.35.

Forward month bids for soft white wheat ordinary protein were as follows: December 6.15-6.30, January 6.18-6.26, February 6.21-6.30 and March 6.24-6.33. One year ago, forward month bids for soft white wheat for any protein were as follows: January 5.1525-5.30, February 5.1825-5.30, March 5.23-5.25 and April 5.23-5.25.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during December trended steady compared to week ago prices for the same delivery period from 6.15-6.30. Some exporters were not issuing bids for nearby delivery. White club wheat premiums for guaranteed maximum 10.5 percent protein soft white wheat this week were zero cents per bushel over soft white wheat bids this week and last week. One year ago bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein for December delivery by unit trains and barges to Portland were 5.1025-5.30 and bids for White Club Wheat were 5.1025-5.35. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: December 6.15-6.30, January 6.18-6.22, February 6.21-6.25 and March 6.24-6.25.

One year ago, forward month bids for soft white wheat for any protein were as follows: January 5.1525-5.30, February 5.1825-5.30, March 5.2125-5.30 and April 5.23-5.25.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery trended three cents per bushel higher compared to week ago prices for the same delivery period from 6.5550-6.6550. Some exporters were not issuing bids for nearby delivery.

This week, bids were as follows: January 6.5550, February 6.5550-6.6050 and March 6.5550-6.6550.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during December trended mixed, from 5.75 cents lower to 6.25 cents per bushel higher compared to week ago prices for the same delivery period from 6.6925-6.9225. Some exporters were not issuing bids for nearby delivery.

This week, bids for non-guaranteed 14 percent protein were as follows: January 6.7425-6.8725, February 6.9025-6.9125 and March 6.9325-6.9425.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest — BN shuttle trains for December delivery trended 13.50 to 14.50 cents per bushel higher compared to week ago prices for the same delivery period from 4.7875-4.8075. Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: January 4.8075-4.8275, February 4.8075, March 4.7275-4.7775 and April 4.80-4.82.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest — BN shuttle trains for December delivery were not available as most exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: January not available.

Bids for US 2 Heavy White Oats for December delivery trended steady at 3.7750 per bushel.

Outstanding Export Sales: Outstanding U.S. white wheat export sales can be found at the following link: https://apps.fas.usda.gov/export-sales/wheat.htm

Outstanding U.S. barley export sales can be found at the following link: https://apps.fas.usda.gov/export-sales/barley.htm

Pacific Northwest Export News: There were 18 grain vessels in Columbia River ports on Thursday, December 6, with four docked compared to 17 last week with four docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

CALIFORNIA GRAIN

(USDA Market News)

Dec. 6

CORN US No 2 Yellow

FOB Turlock/Tulare 8.98

Rail Los Angeles-Chino Valley 8.98

Truck Stockton-Modesto-Oakdale-Turlock, 9.28

Kings-Tulare-Fresno Counties 9.28

ORGHUM US No 2 Yellow (Milo)

Rail: Los Angeles-Chino Valley 8.98

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