Grain Market Reports
Compiled by USDA Market News Service * Portland
Updated: Friday, January 25, 2013 12:12 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 December ended the reporting week on Thursday, Dec. 20, as $8.4050-8.4550, mostly $8.43, two cents per bushel higher compared to Dec. 14 bids for December delivery of $8.3850-8.4350, mostly $8.44. Some exporters were not issuing bids for nearby delivery. There were no white club wheat premiums for nearby delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat and white club wheat for December delivery were $5.87-5.95, mostly $5.95. Nearby bids for U.S. 1 Soft White wheat for the reporting week began on Dec. 14 at mostly $8.4650 and then moved lower to mostly $8.4550 on Dec. 17. On Dec. 18, bids were higher at mostly $8.5625 and then dropped lower again to mostly $8.5325 on Dec. 19. Dec. 20, the reporting week's close, bids were at mostly $8.43.
New confirmed export sales of white wheat this week were to Japan and Taiwan. Forward month bids for soft white wheat were as follows: January $8.5550-8.75, February $8.6050-8.75, March $8.6550-8.75 and April $8.71-8.80. One year ago, forward month bids for soft white wheat were as follows: January $5.87-6, February and March $5.95-6.05 and April $6-6.05.
Outstanding U.S. white wheat export sales as of Dec. 13, for the marketing year beginning June 1, 2012, and ending May 31, 2013, totaled 1222.8 thousand MT compared to 1212.5 thousand MT on Dec. 6, 2012, and 1071.5 thousand MT one year ago.
Outstanding white wheat export sales for the 2012-13 marketing year were to the following countries in 1000 MT: Japan 296.1, Philippines 176.0, South Korea 151.3, Egypt 110.0, China (Main) 55.0, Thailand 53.0, Yemen 50.0, Nigeria 26.4, Vietnam 16.2, Guatemala 11.6, Taiwan 8.6, Mexico 1.8, Canada 1.7, Hong Kong 1.4, Burma 1.0, Malaysia 0.5 and total unknown 262.2. Accumulated white wheat export shipments as of Dec. 13, 2012, in 1000 MT for the 2012-13 marketing year, totaled 2407.7 compared to 2715.6 one year ago.
Outstanding U.S. barley export sales as of Dec. 13, for the marketing year beginning June 1, 2012, and ending May 31, 2013, in 1000 MT, totaled 1.1 compared to 1.8 on Dec. 6, and 0.2 one year ago. Outstanding barley export sales for the 2012-2013 marketing year in 1000 MT were to the following countries in 1000 MT: Japan 0.8 and Taiwan 0.3. Accumulated barley export shipments as of Dec. 13, were 119.9 thousand MT compared to 82.5 one year ago.
Coarse feeding grains: Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $289.50-292.25, 7.75 to 8.50 cents per ton lower than Dec. 13 bids of $298-300. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash., and Hermiston, Ore., were $279.75-296.50, also $7.75 to $8.50 lower than Dec. 13 bids of $288.25-304.25. Bids for U.S. 2 Heavy White Oats for December delivery held steady with Dec. 20 noon bids at $265.
(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 Sale $15.75
Tehama County NA
Rail Any origin
via Union Pacific and BNSF Bid $14.75
Tulare - via Union Pacific Bid $14.75
CORN - U.S. No. 2 Yellow
Truck Petaluma-Santa Rosa $14.95-15
Stockton-Modesto-Oakdale-Turlock Offer $15.15
Kern County NA
Sacramento County NA
Rail Single Car Units via BNSF
Chino Valley $15.46
Los Angeles $15.46
SORGHUM - U.S. No. 2 Yellow
Rail Los Angeles-Chino Valley
via BNSF Single $15.38
OATS - U.S. No. 2 White
Truck Petaluma-Stockton-Modesto-Turlock $15-15.75
Los Angeles-Chino Valley $16.75-17
WHEAT - U.S. No. 2 or better - Hard Red Winter
(Domestic Values for Flour Milling)
Kings County 13 percent Protein NA
Los Angeles 12 percent Protein NA
Los Angeles 13 percent Protein NA
Los Angeles 14 percent Protein NA
Truck/Rail Los Angeles 11.5 percent Protein NA
Los Angeles 12 percent Protein $16.73-16.90
Los Angeles 13 percent Protein $16.98-17.15
WHEAT - Any Class for Feed
Truck Petaluma-Santa Rosa NA
Stockton-Modesto-Oakdale-Turlock Sale $16
Colusa County NA
Imperial County NA
Truck/Rail Los Angeles-Chino Valley $16.75-17.25
Prices paid to California farmers, seven-day reporting period ending Dec. 20:
WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling
Imperial $15 AH, May-June 2013 Del Locally
YELLOW CORN, U.S. No. 2 or better
Sacramento $11.20 AH, October 2013 FOB Ranch