Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Fri Feb 01, 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 eight cents per bushel higher
compared to Thursday’s closes.

   Bids for US 1 Soft White Wheat for February delivery in unit trains
or barges were not fully established, but bids trended five to eight
cents per bushel higher than Thursday’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 Thursday’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 seven cents per bushel higher than
Thursday’s noon bids for the same delivery period.  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 7.50 cents per cwt higher compared to Thursday’s
noon bids.  Corn bids truck delivered to the Yakima Valley trended 7.50
to 12.50 cents per cwt higher compared to Thursday’s noon bids.  Corn
bids were supported by the higher Chicago corn futures and a higher basis
bid by some corn traders.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.8825, ranging   8.7500-8.9750
    Mar                                        8.8500-8.9750
    Apr                                        8.9000-9.0000
    May                                        8.9000-9.0000
    Aug NC                                     8.2325-8.4325
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.8825, ranging   8.7500-8.9750
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             9.0675-9.2375
  10 pct protein                               9.0675-9.2375
  11 pct protein                               9.2675-9.3975
  11.5 pct protein
    Feb                                        9.3675-9.4775
    Aug NC                                     9.0750-9.1750
  12 pct protein                               9.4175-9.5275
  13 pct protein                               9.5175-9.6275
_
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                               9.4700-9.6100
  14 pct protein
    Feb                                        9.6700-9.7700
    Aug NC                                     9.6775-9.8275
  15 pct protein                               9.6700-9.7700
  16 pct protein                               9.6700-9.7700
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        15.5000-15.5250
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   15.2625-15.6875

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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