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Posted: Wednesday, November 14, 2012 9:43 AM




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Portland daily grain report for Wednesday, Nov. 14, 2012

Bids as of 9:30 a.m. Pacific time; subject to change.

Bids for grains delivered to Portland, Ore., during November 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 November delivery. Bids for corn are for 30 day delivery.

December wheat futures trended mixed, from 0.25 of a cent lower to 3.75 cents per bushel higher than Tuesday's closes. March Minneapolis wheat futures were three cents per bushel higher than Tuesday's closes, and March Kansas City wheat futures were steady compared to Tuesday's closes.

Bids for US 1 Soft White Wheat for November delivery in unit trains or barges were not well tested in early trading, and had no recent price comparison available as Tuesday's bids were not available. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for November delivery were not fully established in early trading, but were indicated as 1.75 to 3.75 cents per bushel higher than Tuesday's noon bids for November delivery. Higher Kansas City December wheat futures supported bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for November delivery were not fully established in early trading, but bids were indicated as 3.50 to 7.50 cents per bushel higher compared to Tuesday's noon bids for November delivery. Higher Minneapolis December and March wheat futures supported cash bids.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 3.75 cents per cwt higher compared to Tuesday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 3.75 cents per cwt higher compared to Tuesday's noon bids. Higher Chicago December corn futures supported cash corn bids.

All wheat bids in dollars per bushel

US 1 Soft White Wheat - delivered by Unit Trains and Barges *

Nov 8.6575

Dec 8.6575-8.7075

Jan 8.7500-8.9500

Feb 8.7500-8.9500

Mar 8.8000-8.9500

_

US 1 White Club Wheat - delivered by Unit Trains and Barges *

Nov 8.6575

*Not fully established.

_

US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *

Ordinary protein 9.4650-9.5150

10 pct protein 9.4650-9.5150

11 pct protein 9.6450-9.7150

11.5 pct protein

Nov 9.7150-9.8150

12 pct protein 9.7350-9.8650

13 pct protein 9.7750-9.9650

_

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 9.8975-10.0375

14 pct protein

Nov 10.0975-10.1975

15 pct protein 10.0975-10.1975

16 pct protein 10.0975-10.1975

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.0125-15.0500

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.5125-14.8000

US 2 Heavy White Oats in dollars per CWT ** 13.2500

** Not well tested.

Exporter Bids Portland Rail/Barge Oct 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.7500

US 1 Hard Red Winter (Ordinary protein) 9.3900

US 1 Hard Red Winter (11.5% protein) 9.6600

US 1 Dark Northern Spring (14% protein) 10.1700

Source: USDA Market News Service, Portland, OR

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