Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

USDA-JO: Portland Weekly Grain Review - Part 1

Portland, OR - Thu May 17, 2018 - USDA Market News


Portland Weekly Grain Review
Pacific Northwest Weekly Grain Summary

   Pacific Northwest Market Summary:  Cash wheat bids for May delivery ended the 
reporting week on Thursday, May 17, mixed compared to week ago noon bids for May 
delivery.  

   July wheat futures ended the reporting week on Thursday, May 17, mixed as 
follows compared to week ago closes:  Chicago wheat futures were nine cents lower 
at 4.9750, Kansas City wheat futures were eight cents lower at 5.19 and Minneapolis 
wheat futures trended 5.75 cents higher at 6.1475.  Chicago July corn futures 
trended 6.75 cents lower at 3.9525 and July soybean futures closed 26.25 cents 
lower at 9.95.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges 
during May for ordinary protein trended steady to 9.50 cents per bushel lower 
compared to week ago prices for the same delivery period from 5.75-5.9050.  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 May delivery by unit trains 
and barges to Portland were 4.72-4.85 and bids for White Club Wheat were 4.72-4.95.  
Forward month bids for soft white wheat ordinary protein were as follows: June 
6.75-5.9550, July 5.75-5.9050, August New Crop 5.74-5.7850 and September 5.74-
5.8350.  One year ago, forward month bids for soft white wheat for any protein were 
as follows: June 4.71-4.85, July 4.82-4.85, August New Crop and September 4.7525-
4.85.

   Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during 
May trended steady to one cent per bushel lower than week ago prices for the same 
delivery period from 5.75-5.9050.  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 May delivery by unit trains and barges to Portland 
were 4.67-4.87 and bids for White Club Wheat were 4.67-4.92. Forward month bids for 
soft white wheat guaranteed 10.5 percent proteins were as follows:  June 5.75-
5.9550, July 5.75-5.9050 and August New Crop 5.72-5.8350.  One year ago, forward 
month bids for soft white wheat for any protein were as follows:  June 4.77-4.87, 
July 4.79-4.87, August New Crop and September 4.7525-4.8025.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May delivery 
trended mixed, from eight cents lower to two 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:  May and June 6.44-6.64, July 6.19-
6.59, August New Crop 6.2775-6.5275 and September 6.4775-6.5275.

   Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for 
Portland delivery during May trended 0.75 of a cent to 5.75 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:  May 7.6475-7.7975, June 7.5975-7.6475, July 7.5475-7.6475, August 
New Crop 7.4050-7.5050 and September 7.3550-7.4550.

   Coarse feeding grains:  Bids for US 2 Yellow Corn delivered full coast Pacific 
Northwest - BN shuttle trains for May delivery trended mixed, from 1.75 cents lower 
to 1.25 cents per bushel higher than week ago bids for the same delivery period 
from 5.1025-10.1525.  Some exporters were not issuing bids for nearby delivery.  
Forward month corn bids were as follows:  June 5.0325-5.1025, July 5.0025-5.0525, 
August 5.0350-5.0750, September 4.8350-4.8850 and October 4.93-4.98.  Bids for US 1 
Yellow Soybeans delivered full coast Pacific Northwest - BN shuttle trains for May 
delivery were not available as most exporters were not issuing bids for nearby 
delivery.  Forward month soybean bids were as follows:  October 10.7925-10.8925.  
Bids for US 2 Heavy White Oats for May delivery trended steady 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 27 grain vessels in Columbia River 
ports on Thursday, May 17, with six docked compared to 28 last week with five 
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

1235p  nd

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 71.66
Nat Gas 2.818
Corn 407
Cotton #2 84.54
Gold 1281.8
Copper 3.0775
Euro 1.17485
USD Index 93.915
SP500 E-mini 2725.75
DJIA E-mini 24923
close_icon
open_icon