Portland Export Grain Market Summary
PORTLAND - Jun 9/10 - SNS -- The USDA has released its latest daily summary of export trade and bid activity for shipment through Portland, Oregon. The report foscusses on wheat, barley, corn and oats.
Portland Daily Grain Report
Bids as of 9:30 a.m.; Subject to change
Bids for grains delivered to Portland, Oregon during June by rail
or barge, 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 and barley bids are for full June
delivery. Bids for corn are for 30 day delivery.
July wheat futures in midday trading were 1-1/4 to 1-3/4 cents per
bushel higher compared to Tuesdays closes.
Bids for US 1 Soft White Wheat for June delivery were not fully
established in early trading but were indicated as mixed, from five cents
lower to three cents per bushel higher compared to Tuesdays noon bids in
a limited test.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June
delivery were not fully established in early trading but bids were
indicated as one cent per bushel higher. Bids were supported by the
higher Kansas City July wheat futures.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring
Wheat for June delivery were also not fully established in early trading,
but were indicated as one cent per bushel higher compared to Tuesdays
noon bids, supported by the higher Minneapolis July wheat futures.
Bids for US 2 barley for June delivery were not well tested.
Bids for US 2 Yellow Corn trended 3-3/4 to 16-1/4 cents per cwt higher
in early trading. Higher Chicago July corn futures and a higher basis
bid by some corn traders supported bids.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
Jun mostly $4.44 , ranging $ 4.43 -4.45
Jul $ 4.43 -4.45
Aug NC $ 4.43 -4.45
Sep $ 4.43 -4.50
Oct $ 4.50 -4.55
_
US 1 Soft White Wheat & White Club Wheat - ***MAXIMUM 10.5% protein***
Exporters are no longer bidding a premium for maximum 10.5% protein.
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
Jun mostly $5.19 , ranging $ 4.43 -7.45
* Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
Ordinary protein NA
10 pct protein NA
11 pct protein NA
11.5 pct protein
Jun $ 4.83 -4.93
Aug 1-10 $ 4.87 -4.95
Aug 11-20 $ 4.89 -4.98
Aug 21-31 $ 4.90 -4.98
12 pct protein $ 4.95 -5.05
13 pct protein $ 5.30 -5.38
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 NA
14 pct protein
Jun $ 6.11 -6.21
Aug 1-10 $ 5.93 -6.19
Aug 11-20 $ 5.83 -6.13
Aug 21-31 $ 5.78 -6.11
15 pct protein $ 7.11 -7.21
16 pct protein $ 8.11 -8.21
* Not fully established.
_
US 2 Barley in dollars per CWT
Unit trains & Barges-export (45 lbs.) * NA
Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)
Delivered to Portland NA
Delivered to inland feeding areas NA
FOB inland Country Elevators NA
* Not fully established.
_
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland $7.9375
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley $7.7250 -8.3000
_
US 2 Heavy White Oats in dollars per CWT** NA
** Not well tested.
Exporter Bids Portland Rail/Barge May 2010
Averages in Dollars per bushel
No. 1 Soft White $4.76
No. 1 Hard Red Winter (Ordinary protein) $4.76
No. 1 Hard Red Winter (11.5% protein) $5.30
No. 1 Dark Northern Spring (14% protein) $6.55
No. 2 Barley NA
Source: USDA Market News Service, Portland, OR
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