Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Fri Feb 08, 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 8.50 to 9.50 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 8.50 to 13 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 9.50 to 14.50 cents per bushel higher compared to
Thursday’s noon bids for the same delivery period.  Bids were supported
by the higher Kansas City March wheat futures and a higher basis bid by
some exporters.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for February delivery trended 8.50 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 13.75 cents per cwt higher compared to
Thursday’s noon bids.  Corn bids truck delivered to the Yakima Valley
trended 13.75 to 15 cents per cwt higher compared to Thursday’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 8.7125, ranging   8.6000-8.7950
    Mar                                        8.6500-8.7950
    Apr                                        8.7000-8.8050
    May                                        8.7000-8.8050
    Aug NC                                     7.9175-8.1175
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.7125, ranging   8.6000-8.7950
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.7950-9.0150
  10 pct protein                               8.7950-9.0150
  11 pct protein                               8.9950-9.2050
  11.5 pct protein
    Feb                                        9.0950-9.3050
    Aug NC                                     8.7125-8.7625
  12 pct protein                               9.1450-9.3550
  13 pct protein                               9.2450-9.4550
_
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                               9.2275-9.4675
  14 pct protein
    Feb                                        9.4275-9.6275
    Aug NC                                     9.4975-9.6475
  15 pct protein                               9.4275-9.6275
  16 pct protein                               9.4275-9.6275
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.9500-15.0625
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.8000-15.2750

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

8:55  P nd

1. Ag markets posted mixed showing on Tuesday
2. Plains storms cause minor harm to Oklahoma/Kansas wheat
3. Chocolate milk a top post-workout food
4. Another reason for adults to drink milk
5. Penn State Dairy Team schedules “Tools for Teams” webinars
6. Ag markets generally mixed again Tuesday morning

1. 4 rules for growing a business or industry
2. Seven jobs more dangerous than farming
3. D.C. Watch: Farm bill progressing
4. April milk production up 0.3 percent
5. Class III futures close out quietly last week
6. What are the drivers of profit in your dairy herd?

1. Commentary: Slanting the statistics
2. World food supply depends on character, virtuous leadership
3. Buffet concerned about soil and starvation
4. Cold spring stunts upper Midwest hay crop
5. N.M. rancher charged with 43 counts of animal cruelty
6. 2014 Farm Bill: Are we near an agreement?