Portland, OR Tue Oct 16, 2012 USDA Market News
Portland Daily Grain Report
Bids as of 9:30 a.m. Pacific time; Subject to change
Bids for grains delivered to Portland, Oregon during October 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 October delivery.
Bids for corn are for 30 day delivery.
December wheat futures trended one to 6.50 cents per bushel higher
than Monday’s closes.
Bids for US 1 Soft White Wheat for October delivery in unit trains
or barges were not available in early trading as several 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 fully established in early trading, but were indicated
as one cent per bushel higher compared to Monday’s noon bids for October
delivery. Slightly higher Kansas City December wheat futures supported
cash bids. Some exporters were not issuing bids for nearby delivery.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for October delivery were not fully established in early trading,
but bids were indicated as 6.50 cents per bushel higher compared to
Monday’s noon bids. Higher Minneapolis December wheat futures supported
cash bids. Several exporters were not issuing bids for nearby delivery.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended five to 7.50 cents per cwt higher compared to
Monday’s noon bids. Higher Chicago December corn futures, and a higher
basis bid by some corn traders supported cash corn bids. Corn bids truck
delivered to the Yakima Valley trended 3.75 cents per cwt higher than
Monday’s noon bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
US 1 White Club Wheat - delivered by Unit Trains and Barges *
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 9.1725-9.2725
10 pct protein 9.1725-9.2725
11 pct protein 9.3725-9.4725
11.5 pct protein
12 pct protein 9.4925-9.5925
13 pct protein 9.5325-9.6325
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) *
13 pct protein 9.6750-9.9150
14 pct protein
15 pct protein 9.8750-10.0750
16 pct protein 9.8750-10.0750
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 15.1125-15.1250
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 14.7500-15.4125
US 2 Heavy White Oats in dollars per CWT ** 13.2500
** Not well tested.
Exporter Bids Portland Rail/Barge Sep 2012
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 8.7700
US 1 Hard Red Winter (Ordinary protein) 9.2700
US 1 Hard Red Winter (11.5% protein) 9.4900
US 1 Dark Northern Spring (14% protein) 9.8600
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LGMN@ams.usda.gov
24 Hour Market Report 503-326-2022
8:51 P nd