Portland, OR Thu Apr 4, 2013 USDA Market News
Portland Weekly Grain Review Part 2
Pacific Northwest Add Weekly Grain Summary
Cash Soft White Wheat - Pacific Northwest: Bids for US 1 Soft White Wheat,
delivered by unit trains and barges to Portland during April ended the reporting
week on Thursday, April 4, at 7.95-8.10, mostly 8.0475. Last Thursday's noon
bids were 8.0775-8.10 for April delivery. There were no white club wheat
premiums for nearby delivery for this week or last week. One year ago bids for
US 1 Soft White Wheat and white club wheat for March delivery were 6.95-7.00,
mostly 6.95. Nearby bids for US 1 Soft White wheat began the reporting week on
Friday as not available as the grain markets were closed. On Monday, bids began
the reporting week at the weekly high of mostly 8.0550, then fell to mostly
7.9525 on Tuesday, before raising slightly to 7.98 on Wednesday. Today
(Thursday), bids ended the week at 8.0475. There were no new confirmed export
sales of white wheat this week. Forward month bids for soft white wheat were as
follows: May and June 7.95-8.10, July 7.95-8.00 and August New Crop 7.35-7.48.
One year ago, forward month bids for soft white wheat were as follows: May 6.95-
7.05, June 6.80-6.95, July 6.64-6.85 and August New Crop 6.64-6.65.
Outstanding U.S. white wheat export sales as of March 28, 2013 for the
marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 653.3
thousand MT compared to 675.6 thousand MT on March 21, 2012, and 1357.4 thousand
MT one year ago. Outstanding white wheat export sales for the 2012-2013
marketing year were to the following countries in 1000 MT: Japan 135.8,
Philippines 103.0, Yemen 100.00, South Korea 92.7, Thailand 49.5, Nigeria 19.2,
Taiwan 10.0, Burma 2.5, Canada 1.3, Malaysia 1.0, Sweden 0.5, Hong Kong 0.3 and
total unknown 137.5. Accumulated white wheat export shipments as of March 28,
2013, in 1000 MT for the 2012-2013 marketing year, totaled 3869.3 compared to
4372.0 one year ago.
Outstanding U.S. barley export sales as of March 28, 2013 for the marketing
year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 1.9
compared to 1.9 on March 21, 2012 and 1.8 one year ago. Outstanding barley
export sales for the 2012-2013 marketing year in 1000 MT were to the following
countries in 1000 MT: Taiwan 1.0, Japan 0.8 and South Korea 0.1. Accumulated
barley export shipments as of March 28, 2013 were 131.2 thousand MT compared to
83.1 one year ago.
Coarse feeding grains: Bids for US 2 Yellow Corn delivered to Portland in
single rail cars were 269.25-270.25, 23.75 to 24.50 per ton lower than last
Thursday's bids of 293.75-294.00. Bids for US 2 Yellow Corn truck delivered to
the inland feeding areas of Yakima, Washington, and Hermiston, Oregon were
271.50-274.75, 23.25 to 23.50 per ton lower than last Thursday's bids of 294.75-
298.25. Lower Chicago May corn futures pressured the cash corn bids. Bids for
US 2 Heavy White Oats for April delivery held steady with last Thursday's noon
bids at 270.00.
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LGMN@ams.usda.gov
24 hour price information 503-326-2022
Portland Weekly Grain Review - Part 2 (Thu) OR
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