Portland, OR Thu Oct 24, 2013 USDA Market News
Portland Weekly Grain Review Part 1
Pacific Northwest Weekly Grain Summary
Pacific Northwest Market Summary: Cash wheat bids for October
delivery ended the reporting week on Thursday, October 24, were mixed.
Bids for soft white wheat were higher, while bids for hard red winter
wheat and dark northern spring wheat were not available.
December wheat futures ended the reporting week on Thursday, October
24, higher as follows compared to last Thursday's closes: Chicago
10.50 cents higher at 6.9650, Kansas City 15.25 cents higher at 7.6425
and Minneapolis wheat futures trended seven cents higher at 7.52.
Chicago December corn futures trended 2.75 cents lower at 4.4025 while
November soybean futures closed 16.50 cents higher at 13.0975.
Bids for US 1 Soft White Wheat delivered to Portland in unit trains
or barges during October were 7.2950-7.3650, mostly 7.33. Bids were
0.50 of a cent to 5.50 cents per bushel higher than last Thursday's
bids of 7.29-7.31, mostly 7.30. Some exporters were not issuing bids
for nearby delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October
delivery were not available as most exporters were not issuing bids for
October delivery. On Thursday, bids were as follows: October and
November not available, December 8.5825-8.6425, January 8.5850-8.6850
and February 8.6350-8.7150.
Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern
Spring Wheat for October Portland delivery were not available as most
exporters were not issuing bids for October delivery. On Thursday,
bids for non-guaranteed 14 percent protein were as follows: October
not available; November 8.52-8.67; December 8.72-8.77; January and
There were 20 grain vessels in Columbia River ports on Thursday,
October 24, with four docked compared to 20 last Thursday with three
docked. New confirmed export sales this week were limited to South
Korea. South Korea purchased 12,000 metric tons of minimum 10.5
percent protein and maximum 8.5 percent protein western and/or soft
white wheat, 4,000 metric tons of minimum 11.5 percent protein hard red
winter wheat, and 7,000 metric tons of minimum 14 percent protein dark
northern spring wheat for February 10 to March 10 shipment.
Source: USDA Market News, Portland, OR
Niki Davila 503-326-2237 Portland.LPGMN@ams.usda.gov
24 hour price information 503-326-2022