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Posted: Tuesday, November 27, 2012 9:30 AM




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Portland daily grain report for Tuesday, Nov. 27, 2012

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

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

December wheat futures trended 15 to 16.50 cents per bushel higher than Monday's closes. March Minneapolis wheat futures were 16.25 cents per bushel higher than Monday's closes, and March Kansas City wheat futures were 15.25 cents per bushel higher compared to Monday's closes.

Bids for US 1 Soft White Wheat for December delivery in unit trains or barges trended 14.75 to 15.75 cents per bushel higher than Monday's bids for December delivery. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery were not fully established in early trading, but were indicated as 5.25 to 14.25 cents per bushel higher compared to Monday's noon bids for December delivery. Higher Kansas City December and March wheat futures supported cash bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were not well tested in early trading, but bids were indicated as 11.25 to 16.25 cents per bushel higher than Monday's noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 7.50 cents per cwt higher compared to Monday's noon bids. Corn bids truck delivered to the Yakima Valley trended 7.50 cents per cwt higher compared to Monday'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 *

Dec mostly 8.8975, ranging 8.8475-8.9475

Jan 8.7000-9.0000

Feb 8.7500-9.0475

Mar 8.7500-9.0500

Apr 8.7500-9.1125

_

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

Dec mostly 8.8975, ranging 8.8475-8.9475

*Not fully established.

_

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

Ordinary protein 9.5900-9.7600

10 pct protein 9.5900-9.7600

11 pct protein 9.7900-9.9300

11.5 pct protein

Dec 9.8900-9.9700

12 pct protein 9.9400-9.9900

13 pct protein 9.9800-10.0700

_

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 9.9125-10.1325

14 pct protein

Dec 10.1125-10.2925

15 pct protein 10.1125-10.2925

16 pct protein 10.1125-10.2925

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.4750-15.6000

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.9750-15.3625

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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