Portland, OR Daily Grain Report

JO_GR110
Portland, OR    Fri Mar 22, 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 March 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 March delivery.
Bids for corn are for 30 day delivery.

   May wheat futures trended steady to 11 cents per bushel lower than
Thursday’s closes.

   Bids for US 1 Soft White Wheat for March delivery in unit trains
or barges were not fully established in early trading but were indicated
as 9.25 to 16.75 cents per bushel lower than Thursday’s noon bids.  Some
exporters were not issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March
delivery were not fully established in early trading but were indicated
as steady compared to Thursday’s noon bids.

   Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for March delivery were not fully established in early trading
but were indicated as 5.50 to 10.50 cents per bushel lower than
Thursday’s noon bids.  Lower Minneapolis May wheat futures and a lower
basis bid by some exporters weighed on cash bids.

   Bids for US 2 Yellow Corn delivered to Portland in single rail cars
for domestic use trended 21.25 cents per cwt lower than Thursday’s noon
bids.  Corn bids truck delivered to the Yakima Valley also trended 21.25
cents per cwt lower than Thursday’s noon bids.  Bids were pressured by
the lower Chicago May corn futures.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
    Mar               mostly 8.4000, ranging   8.3775-8.4200
    Apr                                        8.3775-8.4700
    May                                        8.3775-8.4700
    Jun                                        8.4000-8.5500
    Aug NC                                     7.5875-7.6375
_
US 1 White Club Wheat - delivered by Unit Trains and Barges *
    Mar               mostly 8.4000, ranging   8.3775-8.4200
  *Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
  Ordinary protein                             8.7050-8.8850
  10 pct protein                               8.7050-8.8850
  11 pct protein                               8.9050-8.9650
  11.5 pct protein
    Mar                                        9.0050-9.0550
    Aug NC                                     8.4125-8.4625
  12 pct protein                               9.0050-9.1050
  13 pct protein                               9.0050-9.2050
_
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                               9.2225-9.2725
  14 pct protein
    Mar                                        9.4225-9.4725
    Aug NC                                     8.8150-8.8650
  15 pct protein                               9.4225-9.4725
  16 pct protein                               9.4225-9.4725
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        15.2000-15.2125
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   15.2000-15.4000

US 2 Heavy White Oats in dollars per CWT **    13.5000
 ** Not well tested.

Exporter Bids Portland Rail/Barge              Feb 2013
  Averages in Dollars per bushel

  US 1 Soft White by Unit Trains and Barges    8.5900
  US 1 Hard Red Winter (Ordinary protein)      8.6600
  US 1 Hard Red Winter (11.5% protein)         8.9300
  US 1 Dark Northern Spring (14% protein)      9.3400

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/lpsmarketnewspage

8:47  P nd

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