JO_GR116
Portland, OR Thu Feb 28, 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 March ended the reporting
week on Thursday, February 28, at 8.62-8.6450, mostly 8.6375, 3.25 to 5.75 cents
per bushel higher compared to last Thursday's noon bids of 8.5625-8.6125 for
March delivery. 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 March delivery were 6.85-7.20, mostly 7.15. Nearby bids for US 1
Soft White wheat began reporting week on Friday at mostly 8.4825 then moved lower
to mostly 8.4525 on Monday. On Tuesday, bids moved higher to mostly 8.5050, and
continued higher on Wednesday to mostly 8.6075. Today (Thursday), the end of the
reporting week bids moved to the weekly high of mostly 8.6375. There were no new
confirmed export sales of white wheat this week. Forward month bids for soft
white wheat were as follows: April and May 8.58-8.70 and August New Crop 7.5525-
7.7025. One year ago, forward month bids for soft white wheat were as follows:
April and May 7.00-7.20, June 6.85-7.10, July 6.60-6.90 and August New Crop 6.65-
6.75.
Outstanding U.S. white wheat export sales as of February 21, 2013 for the
marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 803.9
thousand MT compared to 940.6 thousand MT on February 14, 2012, and 1812.2
thousand MT one year ago. Outstanding white wheat export sales for the 2012-2013
marketing year were to the following countries in 1000 MT: South Korea 171.8,
Philippines 160.0, Japan 149.5, Thailand 50.0, Taiwan 23.1, Nigeria 19.2, Burma
2.5, Malaysia 1.5, Canada 1.4, Mexico 0.9, China 0.5, Hong Kong 0.5, Vietnam 0.5
and total unknown 222.5. Accumulated white wheat export shipments as of February
21, 2013, in 1000 MT for the 2012-2013 marketing year, totaled 3436.1 compared to
3720.2 one year ago.
Outstanding U.S. barley export sales as of February 21, 2013 for the marketing
year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 2.4
compared to 1.6 on February 14, 2012 and 2.1 one year ago. Outstanding barley
export sales for the 2012-2013 marketing year in 1000 MT were to the following
countries in 1000 MT: Taiwan 1.3, Japan 0.8 and South Korea 0.3. Accumulated
barley export shipments as of February 21, 2013 were 121.6 thousand MT compared
to 82.8 one year ago.
Coarse feeding grains: Bids for US 2 Yellow Corn delivered to Portland in
single rail cars were 300.50-304.00, 11.75 to 12.75 per ton higher than last
Thursday's bids of 288.75-291.25. Bids for US 2 Yellow Corn truck delivered to
the inland feeding areas of Yakima, Washington, and Hermiston, Oregon were
296.25-306.00, 10.25 to 11.00 per ton higher than last Thursday's bids of 286.00-
295.00. Higher Chicago March corn futures supported corn cash bids. Bids for US
2 Heavy White Oats for March delivery held steady with last Thursday's noon bids
at 270.00.
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LGMN@ams.usda.gov
24 hour price information 503-326-2022
http://www.ams.usda.gov/mnreports/jo_gr116.txt
www.ams.usda.gov/lpsmarketnewspage
1244p nd
Portland Weekly Grain Review - Part 2 (Thu) OR
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