Portland Export Grain Market Summary
PORTLAND - Jun 11/10 - 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 2-3/4 to 6-1/2 cents per bushel lower compared to Thursdays closes. Bids for US 1 Soft White Wheat for June delivery were not fully established in early trading but were indicated as steady to five cents per bushel lower compared to Thursdays noon bids in a limited test. Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June delivery were not available in early trading. 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 generally two cents per bushel lower compared to Thursdays noon bids, pressured by the lower 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 five cents per cwt higher in early trading. Higher Chicago July corn futures supported bids. All wheat bids in dollars per bushel US 1 Soft White Wheat - Any protein - Rail/Barge delivered * Jun $ 4.45 Jul $ 4.45 Aug NC $ 4.45 Sep $ 4.45 -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 $5.20 , ranging $ 4.45 -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 NA Aug 1-10 $ 4.76 -4.89 Aug 11-20 $ 4.78 -4.92 Aug 21-31 $ 4.82 -4.92 12 pct protein NA 13 pct protein NA 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 $ 6.08 -6.18 Aug 1-10 $ 5.90 -6.16 Aug 11-20 $ 5.80 -6.10 Aug 21-31 $ 5.75 -6.08 15 pct protein $ 7.08 -7.18 16 pct protein $ 8.08 -8.18 * 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 $8.0500 Rail and Truck del to Willamette Vly NA Rail del to Yakima Valley NA Truck del to Yakima Valley $7.8375 -8.4000 _ 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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