JO_GR110
Portland, OR Tue Feb 19, 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 4.50 to 12 cents per bushel lower
compared to Friday’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 steady to 12
cents per bushel lower than Friday’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 3.50 to 4.50 cents per bushel lower compared to Friday’s noon bids
for the same delivery period. Lower Kansas City March wheat futures
pressured cash bids. Some exporters raised their basis which tempered
the declines.
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 11.50 to 19.50 cents per bushel lower than
Friday’s noon bids in reaction to the lower Minneapolis March wheat
futures and a lower basis bid by some exporters.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended mixed, from ten cents lower to 1.25 cents per
cwt higher than Friday’s noon bids. Lower Chicago March corn futures
were pressured cash corn bids in early trading, however a higher basis
bid by some corn traders supported cash bids somewhat. Corn bids truck
delivered to the Yakima Valley trended ten to 13.75 cents per cwt lower
than Friday’s noon bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Feb mostly 8.6275, ranging 8.5300-8.7025
Mar 8.6200-8.7025
Apr 8.6500-8.7100
May 8.6500-8.7100
Aug NC 7.6775-7.9275
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Feb mostly 8.6275, ranging 8.5300-8.7025
*Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
Ordinary protein 8.4900-8.8100
10 pct protein 8.4900-8.8100
11 pct protein 8.6900-8.9500
11.5 pct protein
Feb 8.7900-9.0300
Aug NC 8.5450-8.7450
12 pct protein 8.8400-9.0800
13 pct protein 8.9300-9.1800
_
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 8.9800-9.1700
14 pct protein
Feb 9.1400-9.3700
Aug NC 9.2675-9.3175
15 pct protein 9.1400-9.3700
16 pct protein 9.1400-9.3700
_
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 14.4875-14.6125
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 14.3375-14.7875
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
8:53 P nd
Portland, OR Daily Grain Report
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