Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Mon Feb 04, 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 February 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 February delivery.
Bids for corn are for 30 day delivery.

   March wheat futures trended steady to 1.25 cents per bushel higher
compared to Friday’s closes.

   Bids for US 1 Soft White Wheat for February delivery in unit trains
or barges were not fully established, but bids trended mixed, from five
cents lower to 1.25 cents per bushel higher than Friday’s noon bids for
February delivery.  Some exporters were not issuing bids for nearby
delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February
delivery trended steady compared to Friday’s noon bids for the same
delivery period.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for February delivery trended one cent per bushel higher than
Friday’s noon bids for the same delivery period.  Slightly higher
Minneapolis March wheat futures supported cash bids.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 2.50 cents per cwt higher compared to Friday’s
noon bids.  Corn bids truck delivered to the Yakima Valley trended 2.50
cents per cwt higher compared to Friday’s noon bids.  Corn bids were
supported by the higher Chicago corn futures.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.6925, ranging   8.6000-8.7625
    Mar                                        8.7000-8.9000
    Apr                                        8.7500-8.9000
    May                                        8.7500-8.9000
    Aug NC                                     8.0550-8.2550
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.6925, ranging   8.6000-8.7625
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.9100-9.0800
  10 pct protein                               8.9100-9.0800
  11 pct protein                               9.1100-9.2400
  11.5 pct protein
    Feb                                        9.2100-9.3200
    Aug NC                                     8.9300-9.0300
  12 pct protein                               9.2600-9.3700
  13 pct protein                               9.3600-9.4700
_
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                               9.2775-9.4175
  14 pct protein
    Feb                                        9.4775-9.5775
    Aug NC                                     9.5325-9.6825
  15 pct protein                               9.4775-9.5775
  16 pct protein                               9.4775-9.5775
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        15.3625-15.4000
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   15.1375-15.5625

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

Exporter Bids Portland Rail/Barge              Jan 2013
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.5300
  US 1 Hard Red Winter (Ordinary protein)      8.9100
  US 1 Hard Red Winter (11.5% protein)         9.2100
  US 1 Dark Northern Spring (14% protein)      9.4800

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/lpsmarketnewspage

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