Portland Weekly Grain Review - Part 1
JO_GR115
Portland, OR    Thu Mar 8, 2018    USDA Market News

Portland Weekly Grain Review
Pacific Northwest Weekly Grain Summary

   Pacific Northwest Market Summary:  Cash wheat bids for March delivery ended the 
reporting week on Thursday, March 8, were 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 5.40-5.78.  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.

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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