Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Fri Jan 25, 2013    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 January 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 January delivery.
Bids for corn are for 30 day delivery.

   March wheat futures trended steady to 12.75 cents per bushel higher
compared to Thursday’s closes.

   Bids for US 1 Soft White Wheat for January delivery in unit trains
or barges were not fully established, but bids trended steady to 9.25
cents per bushel higher than Thursday’s noon bids for January delivery.
Some exporters were not issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January
delivery were not fully established in early trading, but were indicated
as steady compared to Thursday’s noon bids for January delivery.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for January delivery were not well tested in early trading, but
were indicated as generally 12.75 cents per bushel higher than Thursday’s
noon bids for the same delivery period.  Bids were supported by the
higher Minneapolis March wheat futures.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended steady compared to Thursday’s noon bids.  Corn
bids truck delivered to the Yakima Valley also trended steady compared to
Thursday’s noon bids.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 8.6850, ranging   8.5000-8.7775
    Feb                                        8.7500-8.8275
    Mar                                        8.7500-8.8275
    Apr                                        8.7500-8.8600
    May                                        8.7500-8.8600
    Aug NC                                     8.0925-8.2425
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 8.6850, ranging   8.5000-8.7775
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.8150-9.0150
  10 pct protein                               8.8150-9.0150
  11 pct protein                               9.0150-9.2150
  11.5 pct protein
    Jan                                        9.1150-9.3150
    Aug NC                                     8.9225-9.0225
  12 pct protein                               9.1650-9.3650
  13 pct protein                               9.2650-9.4650
_
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                               9.4425-9.5225
  14 pct protein
    Jan                                        9.6025-9.6825
    Aug NC                                     9.6575-9.8075
  15 pct protein                               9.6025-9.6825
  16 pct protein                               9.6025-9.6825
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        15.1250-15.1625
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.8375-15.3625

US 2 Heavy White Oats in dollars per CWT **    13.5000
 ** Not well tested.

Exporter Bids Portland Rail/Barge              Dec 2012
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.5600
  US 1 Hard Red Winter (Ordinary protein)      9.2600
  US 1 Hard Red Winter (11.5% protein)         9.5200
  US 1 Dark Northern Spring (14% protein)      9.8500

Source:     USDA Market News Service, Portland, OR
            Niki Davila 503-326-2237  Portland.LGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/JO_GR110.txt
            www.ams.usda.gov/lsmarketnews

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