Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Wed Jan 23, 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 3.50 to 6.25 cents per bushel higher
compared to Tuesday’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 3.50
cents per bushel higher than Tuesday’s noon bids for January delivery.
Some exporters were not issuing bids for nearby 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 6.25 cents per bushel higher compared to Tuesday’s noon bids for
January delivery.  The higher Kansas City March wheat futures 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 generally 4.25 cents per bushel higher than Tuesday’s
noon bids for the same delivery period.  Bids were supported by the
higher Minneapolis March wheat futures.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 1.25 to 2.50 cents per cwt lower compared to
Tuesday’s noon bids.  Corn bids truck delivered to the Yakima Valley
trended 2.50 cents per cwt lower compared to Tuesday’s noon bids.  Lower
Chicago March corn futures pressured cash corn bids.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 8.6525, ranging   8.5000-8.7775
    Feb                                        8.7000-8.7775
    Mar                                        8.7000-8.8000
    Apr                                        8.8150-8.8300
    May                                        8.8150-8.8650
    Aug NC                                     8.1625-8.2625
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Jan               mostly 8.6525, ranging   8.5000-8.7775
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.9700-9.1700
  10 pct protein                               8.9700-9.1700
  11 pct protein                               9.1700-9.3700
  11.5 pct protein
    Jan                                        9.2700-9.4700
    Aug NC                                     8.9925-9.0925
  12 pct protein                               9.3200-9.5200
  13 pct protein                               9.4200-9.6200
_
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                               9.3850-9.4850
  14 pct protein
    Jan                                        9.5850-9.6850
    Aug NC                                     9.6500-9.8000
  15 pct protein                               9.5850-9.6850
  16 pct protein                               9.5850-9.6850
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        15.1875-15.2125
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   14.9000-15.4125

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

9:02  P nd

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5. Representative Lucas discusses new Farm Bill
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4. The relationship between retail gasoline prices and futures prices
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3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
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6. Cold spring stunts upper Midwest hay crop