Posted: Thursday, May 03, 2012 12:00 AM
Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated.
(USDA Market News)
CASH SOFT WHITE WHEAT
Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during April ended the reporting week on Thursday, April 26, at $7-7.10, mostly $7.05, mixed, from one cent lower to 10 cents per bushel higher than the previous week's bids for the same delivery period. April 20 bids for soft white wheat for April delivery were $6.90-7.11, mostly $7.02. There were no white club wheat premiums for April delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat and white club wheat for April delivery were not available. Nearby bids for U.S. 1 Soft White wheat began the reporting week on April 21 at mostly $7.05 then moved slightly lower to mostly $7.04 on April 24. Bids jumped higher to mostly $7.10 on April 25 and dropped again to mostly $7.06 on April 26 and continued lower to mostly $7.05 April 27. New confirmed export sales of white wheat this week were limited to Japan. Forward month bids for soft white wheat were as follows: May $7.05-7.10; June $6.80-7.09; first half July $6.75-6.80; last half July $6.49-6.65; and August New Crop $6.55-6.60. One year ago, forward month bids for soft white wheat were May $8.05-8.10, June $8.05-8.25, July $8-8.25 and August New Crop $8.05-8.20. Bids for April through August New Crop delivery were by unit trains or barges.
Outstanding U.S. white wheat export sales as of April 19, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 833.8 thousand MT compared to 1,073.8 thousand MT on April 12, and 1,106.2 thousand MT one year ago. Outstanding white wheat export sales for the 2011-12 marketing year were to the following countries in 1,000 MT: Japan 224.5, South Korea 206.8, Philippines 61.5, Ecuador 30.3, Nigeria 29.0, Thailand 26.5, Taiwan 15.3, Indonesia 15.0, Mexico 10.3, Canada 1.6, Hong Kong 1.4, Vietnam 0.4, and total unknown 211.2. Accumulated white wheat export shipments as of April 19, in 1,000 MT for the 2011-12 marketing year, totaled 4,966.4 compared to 4,117.0 one year ago.
Outstanding U.S. barley export sales as of April 19, for the marketing year beginning June 1, 2011, and ending May 31, 2012, in 1,000 MT, totaled 2.1 compared to 2.1 on April 12, and 4.7 one year ago. Outstanding barley export sales for the 2011-12 marketing year in 1,000 MT were to the following countries in 1,000 MT: Japan 1.8 and Taiwan 0.3. Accumulated barley export shipments as of April 19, 2012 were 83.1 thousand MT compared to 96.1 one year ago.
COARSE FEEDING GRAINS
Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $267-269.75, mixed, from 75 cents lower to $1.25 per ton higher than April 20 bids of $267.75-268.50. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash,, and Hermiston, Ore., were $258-262.75, $1.50 to $4.75 per ton lower than April 20 bids of $262.75-264.25. Lower Chicago July corn futures for the week pressured cash corn bids. Bids for U.S. 2 Heavy White Oats for April delivery were $250, steady with April 20 noon bids.
(USDA Market News)
Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.
Mode Destination Price per cwt.
BARLEY - U.S. No. 2 (46-lbs. per bushel)
Truck Petaluma-Santa Rosa Offer $13.55
Yolo County NA
Colusa County NA
Rail Any origin
via Union Pacific and BNSF NA
Tulare - via Union Pacific NA
CORN - U.S. No. 2 Yellow
Truck Petaluma-Santa Rosa $13.20-13.40
Stockton-Modesto-Oakdale-Turlock Sale $13.10
Rail Single Car Units via BNSF
Chino Valley $13.67
Los Angeles $13.67
SORGHUM - U.S. No. 2 Yellow
Rail Los Angeles-Chino Valley
via BNSF Single $13.54
OATS - U.S. No. 2 White
Truck Petaluma-Stockton-Modesto-Turlock $13.50-13.75
Los Angeles-Chino Valley $15.25
WHEAT - U.S. No. 2 or better - Hard Red Winter
(Domestic Values for Flour Milling) California origin
Tulare County 13 percent protein NA
Los Angeles 12 percent Protein NA
Los Angeles 14 percent Protein NA
Truck/Rail Los Angeles 11.5 percent Protein $13.99-14.15
Los Angeles 11-12 percent Protein NA
Los Angeles 13 percent Protein $14.32-14.82
WHEAT - Any Class for Feed
Truck Petaluma-Santa Rosa $13.25-14
Stockton-Modesto-Oakdale-Turlock Offers $14
Colusa County NA
Truck/Rail Los Angeles-Chino Valley $13.75-14.25
Prices paid to California farmers, seven-day reporting period ending April 26:
WHEAT, U.S. No. 2 or better, Hard White Wheat 13 percent Protein
Fresno $11.65 AH FOB Ranch