JO_GR110
Portland, OR Thu May 03, 2012 USDA Market News
Portland Daily Grain Report
Bids as of 9:30 a.m.; Subject to change
Bids for grains delivered to Portland, Oregon during May 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 May delivery. Bids
for corn are for 30 day delivery.
July wheat futures trended mixed, from one cent lower to 4-1/2 cents
per bushel higher in early trading compared to Wednesday’s July closes.
Bids for US 1 Soft White Wheat for May delivery in unit trains
or barges were not well tested in early trading, but trended 14 to 20
cents per bushel lower compared to Wednesday’s noon bids for May
delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery were not well tested in early trading, but bids were indicated
as four cents per bushel higher compared to Wednesday’s noon bids, with
support coming from the higher Kansas City July wheat.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for May delivery were not well tested, but bids were indicated as
one cent per bushel lower than Wednesday’s noon bids. Bids were
pressured by the lower Minneapolis July wheat futures. Protein scales
were down 15 cents per 1/4 percent protein down to 13 percent protein and
up five cents per 1/4 percent protein up to 16 percent protein.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars
trended 1-1/4 to 2-1/2 cents per cwt lower compared to Wednesday’s noon
bids. Corn bids truck delivered to the Yakima Valley trended 2-1/2 cents
per cwt lower compared to Wednesday’s noon bids. Lower Chicago July corn
futures pressured bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
May mostly 6.89, ranging 6.75-7.00
Jun 6.75-7.00
Jul 6.70-7.00
Aug NC 6.50-6.80
Sep 6.55-6.69
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
May mostly 6.89, ranging 6.75-7.00
* Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
Ordinary protein 6.45-6.60
10 pct protein 6.45-6.60
11 pct protein 7.05-7.10
11.5 pct protein
May 7.30-7.40
Aug NC 6.93-7.03
12 pct protein 7.50-7.65
13 pct protein 7.90-8.15
13 pct protein- NA
Milling Quality Montana Origin
* Not fully established.
_
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) *
12 pct protein NA
13 pct protein 8.30-8.35
14 pct protein
May 8.90-8.95
Aug 1-10 8.51-8.76
Aug 11-20 8.51-8.76
Aug 21-31 8.46-8.56
15 pct protein 9.10-9.15
16 pct protein 9.30-9.35
* Not fully established.
_
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 13.6125-13.6750
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 12.9500-13.7000
_
US 2 Heavy White Oats in dollars per CWT** 12.50
** Not well tested.
Exporter Bids Portland Rail/Barge Apr 2012
Averages in Dollars per bushel
No. 1 Soft White by Unit Trains or Barges 7.03
No. 1 Hard Red Winter (Ordinary protein) 6.64
No. 1 Hard Red Winter (11.5% protein) 7.52
No. 1 Dark Northern Spring (14% protein) 9.59
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/lsmarketnews
8:55P nd
Portland, OR Daily Grain Report
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