Portland, OR - Thu May 08, 2008 - USDA Market News
Portland Daily Grain Report
Bids as of 11:30 a.m.; Subject to change
Bids for grains delivered to Portland, Oregon during May by rail or
barge, in dollars per bushel, except oats, corn and barley, in dollars
per cwt. Bids for soft white wheat are for delivery periods specified.
All other bids are for full May delivery.
July wheat futures closed 10-1/4 to 32 cents per bushel higher
compared to Wednesdays closes.
Bids for US 1 Soft White Wheat for May Portland delivery were not
available as most exporters were not issuing bids for old crop delivery.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery trended 10 cents per bushel higher than Wednesdays noon bids
in following the higher Kansas City July wheat futures.
Bids for 14 percent protein US 1 Dark Northern Spring Wheat for May
delivery were not well tested but bids were indicated as 32 cents per
bushel higher compared to Wednesdays noon bids in reaction to the higher
Minneapolis July wheat futures.
Bids for US 2 barley for May delivery were not quoted today in a
very limited test. Most exporters were not issuing bids for barley for
old crop delivery.
Bids for US 2 Yellow Corn trended 30 to 31-1/4 cents per cwt higher
than Wednesdays noon bids due to higher Chicago July corn futures.
All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
May NA
Jun NA
Jul $7.90 -8.05 up 2-up 5
Aug NC $7.90 -8.10 up 2-up 10
Sep $8.00 -8.20 up 5-up 10
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US 1 White Club Wheat - Rail/Barge delivered
May NA
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protein NA
10 pct protein NA
11 pct protein NA
11.5 pct protein
May mostly $ 9.98 , ranging $9.78 -10.18 up 10
Aug NC $9.32 -9.34 up 12-up 7
12 pct protein $9.98 -10.38 up 10
13 pct protein mostly $ 10.58, ranging $10.38 -10.78 up 10
13 pct protein- $10.38 -10.78 up 10
Milling Quality Montana Origin
_
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)
12 pct protein NA
13 pct protein NA
14 pct protein
May mostly $ 12.11, ranging $12.03 -12.18 up 32
Aug 1-10= $10.10 -10.20 up 21-up 16
Aug 11-20= $10.05 -10.15 up 21-up 16
Aug 21-31= $10.00 -10.10 up 21-up 16
15 pct protein NA
Guaranteed 15 pct protein NA
_
US 2 Barley in dollars per CWT
Unit trains & Barges-export (45 lbs.) NA
Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)
Delivered to Portland NA
Delivered to inland feeding areas NA
FOB inland Country Elevators NA
_
US 2 Yellow Corn in dollars per CWT
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland $13.3125-13.4000 up 31.25
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley $13.0000-13.2125 up 30
_
US 2 Heavy White Oats in dollars per CWT $11.0000 unch
Exporter offers on Wednesday night for June shipment FOB vessel in
dollars per bushel:
US 2 or btr Soft White Wheat NA
US 2 or btr Western White Wheat NA
US 2 or btr Hard Red Winter Wheat, ord.% NA
US 2 or btr Hard Red Winter Wheat, 11.5% NA
US 2 or btr Hard Red Winter Wheat, 13% NA
US 2 or btr Northern Spring Wheat, 13% NA
US 2 or btr Dk Northern Spring Wheat, 14% NA
US 2 or btr Northern Spring Wheat, 14.5% NA
US 2 Barley NA
US 3 Yellow Corn NA
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Exporter Bids Portland Rail/Barge Mar 2008
Averages in Dollars per bushel
_
No. 1 Soft White $10.26
No. 1 Hard Red Winter (Ordinary protein) NA
No. 1 Hard Red Winter (11.5% protein) $10.64
No. 1 Dark Northern Spring (14% protein) NA
No. 2 Barley NA
_
Source: USDA Market News Service, Portland, OR
Tiffany Smit (503) 326-2237
24 hour price information: (503) 326-2022
www.ams.usda.gov/mnreports/jo_gr110.txt
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12:30 ts
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