Portland Weekly Grain Review - Part 1
JO_GR115
Portland, OR    Thu Oct 11, 2018    USDA Market News

Portland Weekly Grain Review
Pacific Northwest Weekly Grain Summary

   Pacific Northwest Market Summary:  Cash wheat bids for October delivery 
ended the reporting week on Thursday, October 11, mixed compared to week ago 
noon bids for October delivery.  

   December wheat futures ended the reporting week on Thursday, October 11, 
lower as follows compared to week ago closes:  Chicago wheat futures were ten 
cents lower at 5.08, Kansas City wheat futures were 8.50 cents lower at 5.1375 
and Minneapolis wheat futures trended 0.25 of a cent lower at 5.8950.  Chicago 
December corn futures trended 1.75 cents higher at 3.6925 and November soybean 
futures closed one cent lower at 8.5825.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains or 
barges during October for ordinary protein trended steady to one cent per 
bushel higher compared to week ago prices for the same delivery period from 
6.00-6.18.  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 and last week.  One year ago bids for US 1 Soft White Wheat any protein 
for October delivery by unit trains and barges to Portland were 5.0825-5.31 and 
bids for White Club Wheat were 5.0825-5.35.  Forward month bids for soft white 
wheat ordinary protein were as follows: November 6.00-6.20, December 6.20-6.22, 
January 6.22-6.25 and January 6.24-6.28.  One year ago, forward month bids for 
soft white wheat for any protein were as follows: November 5.0825-5.35, 
December 5.1325-5.35, January 5.1225-5.40 and February 5.3725-5.40.

   Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein 
during October trended steady to eight cents per bushel higher compared to week 
ago prices for the same delivery period from 6.00-6.18.  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 and last week.  One year ago bids 
for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein for October 
delivery by unit trains and barges to Portland were 5.0825-5.31 and bids for 
White Club Wheat were 5.0825-5.35.  Forward month bids for soft white wheat 
guaranteed 10.5 percent proteins were as follows:  November 6.00-6.20.  One 
year ago, forward month bids for soft white wheat for any protein were as 
follows:  November 5.0825-5.35, December 5.1325-5.35, January 5.1225-5.40 and 
February 5.3725-5.40.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October 
delivery trended 8.50 cents per bushel lower compared to week ago prices for 
the same delivery period from 6.2375-6.4375.  Some exporters were not issuing 
bids for nearby delivery.  This week, bids were as follows: November 6.4875, 
December 6.4875-6.5075 and January 6.53.

   Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat 
for Portland delivery during October trended 0.25 of a cent per bushel lower 
compared to week ago prices for the same delivery period from 6.7450-6.8450.  
Some exporters were not issuing bids for nearby delivery.  This week, bids for 
non-guaranteed 14 percent protein were as follows:  November 6.8450-6.9950, 
December 6.8950-6.9950 and January 6.9375-7.0375.

   Coarse feeding grains:  Bids for US 2 Yellow Corn delivered full coast 
Pacific Northwest - BN shuttle trains for October delivery trended 9.75 to 
13.75 cents per bushel higher compared to week ago prices for the same delivery 
period from 4.5625-4.5725.  Some exporters were not issuing bids for nearby 
delivery.  Forward month corn bids were as follows: November 4.5125-4.5525, 
December 4.5925-4.6525, January 4.7325, February 4.7325-4.7425 and March 
4.7325.  Bids for US 1 Yellow Soybeans delivered full coast Pacific Northwest - 
BN shuttle trains for October delivery were not available as most exporters 
were not issuing bids for nearby delivery.  Forward month soybean bids were as 
follows:  November not available.  Bids for US 2 Heavy White Oats for October 
delivery trended steady at 3.4825 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 four grain vessels in Columbia 
River ports on Thursday, October 11, with four docked compared to nine last 
week with three docked.  There were no new confirmed export sales this week 
from the Commodity Credit Corporation (CCC) of the USDA.

Source:  USDA Market News, Portland, OR
         Niki Davila 503-535-5001 Portland.LPGMN@ams.usda.gov
         24 hour price information 503-535-5005
         http://www.ams.usda.gov/mnreports/jo_gr115.txt
         www.ams.usda.gov/lpsmarketnewspage

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