Portland, OR Thu Jan 10, 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 January ended the
reporting week on Thursday, January 10, as 8.2950-8.45, mostly 8.36, mixed, from
one cent lower to five cents per bushel higher compared to last Thursday's bids
for January delivery of 8.3050-8.40, mostly 8.3725. 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 January delivery were 6.10-
6.30, mostly 6.25. Nearby bids for US 1 Soft White wheat began the reporting
week on Friday at mostly 8.3125, rose to mostly 8.3650 on Monday, and to mostly
8.3950 on Tuesday, before falling to mostly 8.3675 on Wednesday. Today
(Thursday), the reporting week's close, bids moved slightly lower again to mostly
8.36. There were no new confirmed export sales of white wheat this week.
Forward month bids for soft white wheat were as follows: February 8.3450-8.55,
March 8.3950-8.55, April 8.4350-8.55 and May 8.4350-8.56. One year ago, forward
month bids for soft white wheat were as follows: February 6.25-6.35, March 6.34-
6.40, April 6.36-6.40 and May 6.38-6.40.
Outstanding U.S. white wheat export sales as of January 3, 2013 for the
marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 1219.5
thousand MT compared to 1256.6 thousand MT on December 27, 2012, and 1132.6
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 277.0, South
Korea 167.0, Egypt 165.0, Philippines 163.0, Thailand 62.5, China (Main) 55.5,
Yemen 50.0, Nigeria 30.4, Taiwan 18.2, Vietnam 2.6, Canada 2.1, Mexico 1.8, Burma
1.5, Malaysia 1.5, Hong Kong 1.2 and total unknown 220.2. Accumulated white
wheat export shipments as of January 3, 2013, in 1000 MT for the 2012-2013
marketing year, totaled 2587.3 compared to 2965.5 one year ago.
Outstanding U.S. barley export sales as of January 3, 2013 for the marketing
year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 1.1
compared to 1.1 on December 7, 2012 and 0.0 one year ago. Outstanding barley
export sales for the 2012-2013 marketing year in 1000 MT were to the following
countries in 1000 MT: Japan 0.8 and Taiwan 0.3. Accumulated barley export
shipments as of January 3, 2013 were 120.2 thousand MT compared to 82.6 one year
Coarse feeding grains: Bids for US 2 Yellow Corn delivered to Portland in
single rail cars were 293.00-294.25, 3.25 to 4.50 per ton higher than last
Thursday's bids of 289.75. Bids for US 2 Yellow Corn truck delivered to the
inland feeding areas of Yakima, Washington, and Hermiston, Oregon were 287.75-
297.75, 3.50 to 4.00 per ton higher than last Thursday's bids of 284.25-293.75.
Bids for US 2 Heavy White Oats for January delivery held steady with last
Thursday's noon bids at 265.00.
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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