Posted: Thursday, March 14, 2013 11:32 AM
Bids as of 9:30 a.m. Pacific time; subject to change.
Bids for grains delivered to Portland, Oregon during March 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 March delivery. Bids for corn are for 30 day delivery.
May wheat futures trended 8.25 to 13.25 cents per bushel higher than Wednesday's closes.
Bids for US 1 Soft White Wheat for March delivery in unit trains or barges were not fully established in early trading.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March delivery were not fully established in early trading but were indicated as ten cents per bushel higher compared to Wednesday's noon bids for the same delivery period, in lining up with the higher Kansas City May wheat futures.
Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for March delivery were not fully established in early trading but were indicated as 8.25 cents per bushel higher than Wednesday's noon bids. Higher Minneapolis May wheat futures supported the cash bids.
Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 8.75 cents per cwt higher than Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 7.50 to 8.75 cents per cwt higher than Wednesday's noon bids. Bids were supported by the higher Chicago May corn futures.
All wheat bids in dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges *
Aug NC 7.7400-7.7900
US 1 White Club Wheat - delivered by Unit Trains and Barges *
*Not fully established.
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *
Ordinary protein 8.5775-8.7075
10 pct protein 8.5775-8.7075
11 pct protein 8.7475-8.7875
11.5 pct protein
Aug NC 8.1500-8.2000
12 pct protein 8.8275-8.9275
13 pct protein 8.8275-9.0275
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 9.3275-9.4375
14 pct protein
Aug NC 8.8550-8.9050
15 pct protein 9.4875-9.6375
16 pct protein 9.4875-9.6375
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland 15.0875-15.1250
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley 15.0875-15.2750
US 2 Heavy White Oats in dollars per CWT ** 13.5000
** Not well tested.
Exporter Bids Portland Rail/Barge Feb 2013
Averages in Dollars per bushel
US 1 Soft White by Unit Trains and Barges 8.5900
US 1 Hard Red Winter (Ordinary protein) 8.6600
US 1 Hard Red Winter (11.5% protein) 8.9300
US 1 Dark Northern Spring (14% protein) 9.3400
Source: USDA Market News Service, Portland, Ore.