Portland, OR Thu Feb 20, 2014 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.
May wheat futures in early trading were mixed, from 3.25 cents lower
to 0.50 of a cent per bushel higher compared to Wednesday’s closes, with
the largest decline in Chicago and the advance in Kansas City.
Bids for US 1 Soft White Wheat for February delivery in unit trains
or barges were not fully established in early trading but bids were
indicated as mixed, from 3.25 cents lower to 10.25 cents per bushel
higher compared to Wednesday’s noon bids for February delivery. Lower
Chicago May wheat futures pressured cash bids, however a higher basis bid
by some exporters offered support. Several exporters are not issuing
bids for February delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February
delivery were not fully established in early trading but bids were
indicated as generally 0.50 of a cent per bushel higher compared to
Wednesday’s noon bids, with support coming from the fractionally higher
Kansas City May wheat futures. Several exporters were not issuing bids
for nearby delivery.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for February delivery trended 0.50 of a cent per bushel lower
compared to Wednesday’s noon bids. Bids were pressured by the
fractionally lower Minneapolis May wheat futures. Some exporters are not
issuing bids for nearby delivery.
Bids for US 2 Yellow Corn delivered to Portland and the Yakima Valley
were not available.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Feb mostly 7.3325, ranging 7.3025-7.3525
Aug NC 6.8225-6.9225
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Feb mostly 7.8650, ranging 7.8025-7.9525
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 8.4025
10 pct protein 8.4025
11 pct protein 8.4825
11.5 pct protein
Aug NC 7.3850-7.5850
12 pct protein 8.5225-8.5425
13 pct protein 8.5225-8.5825
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 7.8900-7.9900
14 pct protein
Aug NC 7.4725-7.6725
15 pct protein 8.8900-8.9900
16 pct protein 9.2900-9.3900
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland NA
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley NA
US 2 Heavy White Oats in dollars per CWT ** 13.2500
** Not well tested.
Exporter Bids Portland Rail/Barge Jan 2014
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 6.7800
US 1 Hard Red Winter (Ordinary protein) 7.4400
US 1 Hard Red Winter (11.5% protein) 7.5700
US 1 Dark Northern Spring (14% protein) 8.2900
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LPGMN@ams.usda.gov
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