Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Thu Jan 03, 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 January 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 January delivery.
Bids for corn are for 30 day delivery.

   March wheat futures trended one to 5.25 cents per bushel higher
compared to Wednesday’s closes.

   Bids for US 1 Soft White Wheat for January delivery in unit trains
or barges were not fully established, but bids trended steady to six
cents per bushel higher than Wednesday’s noon bids for January delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January
delivery were not fully established in early trading, but were indicated
as 4.75 to 7.75 cents per bushel higher compared to Wednesday’s noon bids
for January delivery.  Higher Kansas City March wheat futures and a
higher basis bid by some exporters supported cash bids.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for January delivery were not well tested in early trading, but
were indicated as 5.25 to 10.25 cents per bushel higher than Wednesday’s
noon bids for the same delivery period.  Bids were supported by the
higher Minneapolis March wheat futures, and a higher basis bid by some
exporters.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 1.25 cents per cwt higher compared to
Wednesday’s noon bids.  Corn bids truck delivered to the Yakima Valley
trended steady to 1.25 cent per cwt higher compared to Wednesday’s noon
bids.  Higher Chicago March corn futures supported cash corn bids.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 8.3675, ranging   8.3125-8.4000
    Feb                                        8.3500-8.4500
    Mar                                        8.3625-8.5000
    Apr                                        8.3900-8.5500
    May                                        8.4100-8.5500
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 8.3675, ranging   8.3125-8.4000
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.7375-8.8075
  10 pct protein                               8.7375-8.8075
  11 pct protein                               8.9375-9.0075
  11.5 pct protein
    Jan                                        9.0375-9.1075
  12 pct protein                               9.0875-9.1575
  13 pct protein                               9.1875-9.2575
_
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                               9.1175-9.2175
  14 pct protein
    Jan                                        9.3175-9.4175
  15 pct protein                               9.3175-9.4175
  16 pct protein                               9.3175-9.4175
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        14.5250
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.2625-14.7250

US 2 Heavy White Oats in dollars per CWT **    13.2500
 ** Not well tested.

Exporter Bids Portland Rail/Barge              Dec 2012
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.5600
  US 1 Hard Red Winter (Ordinary protein)      9.2600
  US 1 Hard Red Winter (11.5% protein)         9.5200
  US 1 Dark Northern Spring (14% protein)      9.8500

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

8:52  P nd

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3. United States Cattle on Feed down 3 percent
4. Family contribution takes reward for cattle shooting over $16k
5. Nebraska Cattle on Feed down 3 percent
6. Oklahoma Cattle on Feed unchanged

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3. Prices for corn and soybeans, five years from now
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5. What sick day? Farmers take just three a year
6. Senate Agriculture Committee completes Farm Bill markup

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5. Cold spring stunts upper Midwest hay crop
6. Buffet concerned about soil and starvation