Portland, OR Thu May 9, 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 May ended the reporting
week on Thursday, May 9, as 7.80-7.8350, mostly 7.8175. Bids were five cents per
bushel higher than last Thursday's noon bids of 7.75-7.7850, mostly 7.7675. Some
exporters were not issuing bids for nearby 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 May delivery were 6.65-6.90,
mostly 6.73. Nearby bids for US 1 Soft White wheat began the reporting week on
Friday at the weekly high of mostly 7.7050 before dropping to the weekly low of
mostly 7.59 on Monday. On Tuesday, bids moved higher to mostly 7.63, and
continued higher to mostly 7.67 on Wednesday. Today (Thursday), nearby bids
moved higher to mostly 7.8175. Some exporters were not issuing bids for nearby
delivery. There were no new confirmed export sales of white wheat this week.
Forward month bids for soft white wheat were as follows: June 7.8850-7.9350,
July 7.7150-7.8850, August New Crop 7.70-7.7650 and September 7.7150-7.7650 One
year ago, forward month bids for soft white wheat were as follows: June 6.65-
6.90, July 6.45-6.85, August New Crop 6.35-6.65 and September 6.35-6.69.
Outstanding U.S. white wheat export sales as of May 2, 2013 for the marketing
year beginning June 1, 2012 and ending May 31, 2013, totaled 245.2 thousand MT
compared to 300.0 thousand MT on April 25, 2012, and 596.1 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 63.6, Philippines 51.0, South Korea
40.9, Nigeria 13.2, Taiwan 10.4, Canada 2.5, Malaysia 2.0, Sri Lanka 2.0, Burma
1.0, Thailand 0.4, Hong Kong 0.3, Vietnam 0.3 and total unknown 57.6.
Accumulated white wheat export shipments as of May 2, 2013, in 1000 MT for the
2012-2013 marketing year, totaled 4361.6 compared to 5198.4 one year ago.
Outstanding white wheat export sales for the 2013-2014 marketing year totaled
449.9 thousand MT and were to the following countries in 1,000 MT: China 110.0,
Philippines 85.5, Guatemala 59.8, South Korea 32.7, Thailand 30.5, Japan 22.4,
Hong Kong 1.4, Burma 0.6 and total unknown 107.0.
Outstanding U.S. barley export sales as of May 2, 2013 for the marketing year
beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 2.7 compared
to 2.4 on April 25, 2012 and 2.6 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 1.6, Japan 1.0, and South Korea 0.1. Accumulated barley export
shipments as of May 2, 2013 were 131.4 thousand MT compared to 83.2 one year ago.
Outstanding barley export sales for the 2013-2014 marketing year totaled 4.9
thousand MT and were to the following countries in 1,000 MT: Japan 3.6, Taiwan
1.0 and Philippines 0.3.
Coarse feeding grains: Bids for US 2 Yellow Corn delivered to Portland in
single rail cars were 284.50-285.00, 2.00 to 3.50 per ton lower than last
Thursday's bids of 286.50-288.50. Bids for US 2 Yellow Corn truck delivered to
the inland feeding areas of Yakima, Washington, and Hermiston, Oregon were
277.00-288.75, 3.75 to 4.75 per ton lower than last Thursday's bids of 281.75-
292.50. Higher Chicago July corn futures were supportive to corn bids. Bids for
US 2 Heavy White Oats for May delivery were 275.00, 5.00 higher compared to last
Thursday's noon bids.
Source: USDA Market News Service, Portland, OR
Niki Davila 503-326-2237 Portland.LGMN@ams.usda.gov
24 hour price information 503-326-2022