Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Thu Feb 14, 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 6.75 cents per bushel lower
compared to Wednesday’s closes.

   Bids for US 1 Soft White Wheat for February delivery in unit trains
or barges were not fully established but were indicated as mixed, from
6.75 cents lower to two cents per bushel higher than Wednesday’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 were not fully established in early trading but were indicated
as steady to one cent per bushel higher compared to Wednesday’s noon bids
for the same delivery period.  Some exporters raised their basis which
supported cash bids.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for February delivery were not fully established in early trading
but were indicated as mixed, from 5.75 cents lower to 9.25 cents per
bushel higher than Wednesday’s noon bids.  Lower Minneapolis March wheat
futures weighed on bids, while a higher basis bid by some exporters were
supportive to bids.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 2.50 cents per cwt lower than Wednesday’s noon
bids.  Corn bids truck delivered to the Yakima Valley also trended 2.50
cents per cwt lower than Wednesday’s noon bids.  Lower Chicago March corn
futures pressured cash corn bids in early trading.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.5750, ranging   8.5000-8.6375
    Mar                                        8.5000-8.6875
    Apr                                        8.6150-8.8000
    May                                        8.6150-8.8000
    Aug NC                                     7.6450-7.9450
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Feb               mostly 8.5750, ranging   8.5000-8.6375
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.5625-8.8825
  10 pct protein                               8.5625-8.8825
  11 pct protein                               8.7625-9.0225
  11.5 pct protein
    Feb                                        8.8625-9.1025
    Aug NC                                     8.5875-8.7875
  12 pct protein                               8.9125-9.1325
  13 pct protein                               9.0025-9.1925
_
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                               9.0725-9.1725
  14 pct protein
    Feb                                        9.2725-9.3725
    Aug NC                                     9.2875-9.3375
  15 pct protein                               9.2725-9.3725
  16 pct protein                               9.2725-9.3725
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.5000-14.5250
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.3625-14.8375

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
            Tiffany Smit 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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