West Coast grain price report

Cash wheat bids for March delivery ended the reporting week on Thursday, March 8, mixed.

Published on March 9, 2018 2:47PM


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.

PORTLAND GRAIN

(USDA Market News)

Portland

March 8

Pacific Northwest Market Summary: Cash wheat bids for March delivery ended the reporting week on Thursday, March 8, mixed, mostly lower compared to week ago noon bids for March delivery.

May wheat futures ended the reporting week on Thursday, March 8, higher as follows compared to week ago closes: Chicago wheat futures were 16.25 cents lower at 4.9925, Kansas City wheat futures were 10.25 cents lower at 5.3325 and Minneapolis wheat futures trended 10 cents lower at 6.2475. Chicago May corn futures trended 7.25 cents higher at 3.9350 and May soybean futures closed four cents lower at 10.64.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during March for ordinary protein trended steady to 17.50 cents per bushel lower compared to week ago prices for the same delivery period from 5.40 to 5.78. Some exporters were not issuing bids for nearby delivery.

White club wheat premiums were zero to five cents per bushel over soft white wheat bids this week and last week.

One year ago bids for US 1 Soft White Wheat any protein for March delivery by unit trains and barges to Portland were 4.67-4.82 and bids for White Club Wheat were 4.67-4.92.

Forward month bids for soft white wheat ordinary protein were as follows: April 5.40-5.78, May 5.70-5.78, June 5.7225-5.78 and August New Crop 5.73-5.78.

One year ago, forward month bids for soft white wheat for any protein were as follows: April and May 4.67-4.86, June 4.7275-4.82 and August New Crop 4.7275-4.78.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during March trended steady to 30.50 cents per bushel lower than week ago prices for the same delivery period from 5.25-5.65. Some exporters were not issuing bids for nearby delivery.

White club wheat premiums for guaranteed maximum 10.5 percent protein soft white wheat this week were zero to five cents per bushel over soft white wheat bids this week and last week.

One year ago bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein for March delivery by unit trains and barges to Portland were 4.67-4.90 and bids for White Club Wheat were 4.77-4.97.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: April 5.40-5.70, May 5.70-5.7125, June 5.7225-5.73 and August New Crop 5.73-5.7375.

One year ago, forward month bids for soft white wheat for any protein were as follows: April and May 4.67-4.90 and August New Crop 4.7775-4.90.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March delivery trended 10.75 to 12.75 cents per bushel lower than week ago bids for the same

delivery period.

Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: March 6.6825-6.8825, April and May 6.6825-6.8325 and

June 6.80-6.85.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during March trended 0.25 of a cent to 10.25 cents per bushel lower than week ago bids for the same delivery period.

Some exporters were not issuing bids for nearby delivery.

This week, bids for non-guaranteed 14 percent protein were as follows: March and April 7.3975-7.5475, May 7.4475-7.5475 and June 7.4275-7.5775.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for March delivery trended 7.25 to 12.25 cents per bushel higher than week ago bids for the same delivery period from 4.8850-5.0350.

Some exporters were not issuing bids for nearby delivery. Forward month corn bids were as follows: April 4.7850-4.9850, May 4.7350-4.9350, June 4.8550-4.9550 and July 4.8050-4.8350. Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for March delivery trended mixed, from two cents lower to six cents higher than week ago bids for the same delivery period from 11.44-11.54.

Some exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: April 11.56, May 11.54-11.56, June 11.61, July 11.61-11.63 and October 11.35. Bids for US 2 Heavy White Oats for March delivery trended steady at 3.1925 per bushel.

Outstanding Export Sales: Outstanding U.S. white wheat export sales can be found at the following link:

https://apps.fas.usda.gov/export-sales/wheat.htm

Outstanding U.S. barley export sales can be found at the following link:

https://apps.fas.usda.gov/export-sales/barley.htm

Pacific Northwest Export News: There were 27 grain vessels in Columbia River ports on Thursday, March 8, with four docked compared to 24 last week with five docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

California Weekly

Grain Report

March 8

Paid by feed manufacturers and other users, delivered plant or receiving station. All prices are offers for prompt shipment unless otherwise stated. Dollars per cwt. bulk.

BARLEY US No 2 (46-lbs. per bushel)

FOB Solano County NA

Colusa County NA

Tehama County NA

Yolo County NA

Rail: Any Origin - via BNSF and U.P.

Los Angeles NA

Stockton-Modesto-

Oakdale-Turlock NA

Tulare County NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock 10.50 Del

Kings-Tulare-

Fresno Counties NA

Kern County NA

Colusa County NA

Glenn County Sale 9.10 Del

CORN US No 2 Yellow

FOB Stockton-Modesto-

Oakdale-Turlock NA

Modesto-Oakdale-Turlock NA

Kings-Tulare-Fresno NA

Turlock/Tulare NA

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley NA

Stockton Basis 1.17-1.18+K

Truck: Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock NA

Kings-Tulare-

Fresno Counties NA

Glenn County NA

Hanford County NA

Kern County NA

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley via BNSF Basis 1.68+K

Truck Modesto-Oakdale-Turlock NA

Turlock County NA

Glenn County NA

Kings-Tulare-Fresno NA

OATS US No 1 White (40-lbs. per bushel)

Truck Los Angeles-Chino Valley NA

US No 2 White (38-lbs. per bushel)

Rail Petaluma NA

Truck Petaluma NA

Stockton-Modesto-

Oakdale-Turlock NA

Colusa County NA

WHEAT US No 2 or better - Hard Red Winter

(Domestic Values for Flour Milling)

FOB Kern NA

Fresno NA

Merced NA

Truck (California Origin)

Los Angeles 12% Protein NA

Los Angeles 13% Protein NA

Los Angeles 14% Protein NA

Colusa County NA

Rail-Truck (Out of State Origin)

Los Angeles Guaranteed 12% Protein NA

Los Angeles Guaranteed 13% Protein NA

Los Angeles Guaranteed 14% Protein NA

WHEAT US Durum Wheat

FOB Imperial County NA

Truck Imperial County NA

Kern County NA

Kings-Tulare-Fresno Counties NA

WHEAT Any Class for Feed

FOB Kings-Tulare-Fresno Counties NA

Kern County NA

Merced County NA

Truck Petaluma-Santa Rosa NA

Stockton-Modesto-

Oakdale-Turlock NA

Kings-Tulare-

Fresno Counties NA

Fresno NA

Merced County NA

Kern County NA

Colusa County NA



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