West Coast grain price report

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during April for ordinary protein trended 9 to 42.00 cents per bushel higher compared to week ago prices for the same delivery period from 5.82-5.91.

Published on April 13, 2018 4:48PM


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

April 12

Pacific Northwest Market Summary: Cash wheat bids for April delivery ended the reporting week on Thursday, April 12, were higher, compared to week ago noon bids for April delivery.

May wheat futures ended the reporting week on Thursday, April 12, higher as follows compared to week ago closes: Chicago wheat futures were 16.25 cents higher at 4.81, Kansas City wheat futures were nine cents higher at 5.0750 and Minneapolis wheat futures trended 33.25 cents higher at 6.23. Chicago May corn futures trended 0.75 of a cents lower at 3.8875 and May soybean futures closed 29.50 cents higher at 10.6075.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during April for ordinary protein trended nine to 42.00 cents per bushel higher compared to week ago prices for the same delivery period from 5.82-5.91. Some exporters were not issuing bids for nearby delivery.

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

One year ago bids for US 1 Soft White Wheat any protein for April delivery by unit trains and barges to Portland were 4.5325-4.80 and bids for White Club Wheat were 4.5325-4.92.

Forward month bids for soft white wheat ordinary protein were as follows: May 5.85-5.91, June 5.85-5.9325, July 5.75-5.91 and August New Crop 5.50-5.78.

One year ago, forward month bids for soft white wheat for any protein were as follows: May 4.5325-4.80, June and July 4.5625-4.8125 and August New Crop 4.5975-4.7975.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during April trended 8.25 to 42.00 cents per bushel higher than week ago prices for the same delivery period from 5.82-5.90. 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 cents per bushel over soft white wheat bids this week compared to zero to five cents per bushel over soft white wheat bids last week.

One year ago bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein for April delivery by unit trains and barges to Portland were 4.5325-4.8325 and bids for White Club Wheat were 4.5325-4.9325.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: May 5.85-5.90, June 5.85-5.9325, July 5.75-5.8225 and August New Crop 5.50-5.8675.

One year ago, forward month bids for soft white wheat for any protein were as follows: May 4.5325-4.8325, June and July 4.5625-4.8625 and August New Crop 4.5975-4.7975.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April delivery trended nine to 19 cents per bushel higher than week ago bids for the same delivery period. Some exporters were not issuing bids for nearby delivery. This week, bids were as follows: April and May 6.5250-6.6750, June 6.56-6.71, July 6.49-6.66 and August New Crop 6.4575.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during April trended 48.25 to 53.25 cents per bushel higher 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: April 7.58-7.83, May 7.53-7.68, June and July 7.5250-7.7250 and August New Crop 7.62-7.67.

Coarse feeding grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest - BN shuttle trains for April delivery trended 10.25 to 17.25 cents per bushel higher than week ago bids for the same delivery period at 5.0150. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: May 5.1175-5.1875, June 5.0475-5.0875, July 5.0725-5.0925, July 5.0525-5.0725 and August 4.9925-5.0925.

Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for April delivery trended 24.50 cents per bushel higher than week ago bids for the same delivery period from 11.5075. Some exporters were not issuing bids for nearby delivery. Forward month soybean bids were as follows: May 11.5075, June and July 11.6175 and October 11.4550. Bids for US 2 Heavy White Oats for April delivery trended 14.75 cents higher at 3.63 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 28 grain vessels in Columbia River ports on Thursday, April 12, with seven docked compared to 23 last week with six docked. There were no new confirmed export sales this week from the Commodity Credit Corporation (CCC) of the USDA.

California Weekly

Grain Report

April 12

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 Kings-Tulare-

CORN US No 2 Yellow

Rail: Single Car Units via BNSF

Los Angeles-

Chino Valley 1.22+K

SORGHUM US No 2 Yellow (Milo)

Rail Los Angeles-

Chino Valley 1.60+K

WHEAT Any Class for Feed

FOB Kings-Tulare-

Fresno Counties 10.25

Truck Stockton-Modesto-

Oakdale-Turlock 10.40 Del



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