Portland, OR Fri Feb 21, 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, trended 4.50 to 5.25 cents per
bushel lower compared to Thursday’s closes.
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 3.50 to 5.25 cents per bushel lower compared to Thursday’s
noon bids for February delivery. Lower Chicago May wheat futures
pressured cash bids, however a higher basis bid by some exporters
tempered the declines. Several exporters are not issuing bids for
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 4.50 cents per bushel lower compared to Thursday’s
noon bids, with pressure coming from the lower 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 4.50 cents per bushel lower compared
to Thursday’s noon bids, in following the 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 7.3225, ranging 7.2825-7.3500
Aug NC 6.9075
US 1 White Club Wheat - delivered by Unit Trains and Barges *
Feb mostly 7.8550, ranging 7.7825-7.9325
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
Ordinary protein 8.3725
10 pct protein 8.3725
11 pct protein 8.4525
11.5 pct protein
Aug NC 7.3550-7.5550
12 pct protein 8.4925-8.5125
13 pct protein 8.4925-8.5525
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 7.8600-7.9600
14 pct protein
Aug NC 7.4450-7.6450
15 pct protein 8.8600-8.9600
16 pct protein 9.2600-9.3600
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
24 Hour Market Report 503-326-2022
8:45 P nd
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