West Coast Grain Price Report

Pacific Northwest Market Summary: Cash wheat bids for May delivery ended the Reporting week on Thursday, May 10, lower compared to week ago noon bids for May delivery.

July wheat futures ended the reporting week on Thursday, May 10, lower as follows compared to week ago closes: Chicago wheat futures were 31.50 cents lower at 5.0650, Kansas City wheat futures were 40.75 cents lower at 5.27 and Minneapolis wheat futures trended 21 cents lower at 6.09. Chicago July corn futures trended 6 cents lower at 4.02 and July soybean futures closed 32 cents lower at 10.2125.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains or barges during May for ordinary protein trended 8.25 to 16 cents per bushel lower compared to week ago prices for the same delivery period from 5.75-6.00.

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 4.70-4.8675 and bids for White Club Wheat were 4.70-4.95.

Forward month bids for soft white wheat ordinary protein were as follows: June 5.75-6.00, July 5.75-5.95, August New Crop 5.72-5.85 and September 5.75-5.88.

One year ago, forward month bids for soft white wheat for any protein were as follows: June 4.70-4.8675, July 4.7675-4.8675, August New Crop and September 4.85-4.9175.

Bids for US 1 Soft White Wheat guaranteed maximum 10.5 percent protein during May trended 8.75 to 16 cents per bushel lower than week ago prices for the same delivery period from 5.75-5.9150. 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 4.5175-4.9175 and bids for White Club Wheat were 4.6175-4.9675.

Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: June 5.75-5.95, July 5.75-5.95 and August New Crop 5.75-5.85.

One year ago, forward month bids for soft white wheat for any protein were as follows: June 4.6675-4.9175, July 4.70-4.9175, August New Crop and September 4.7175-4.8675.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May delivery trended 41.75 to 46.75 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: May 6.52-6.62, June 6.52-6.77, July 6.37-6.72 and August New Crop 6.3550-6.5550.

Bids for non-guaranteed 14.0 percent protein US 1 Dark Northern Spring Wheat for Portland delivery during May trended 7 to 17 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: May 7.59-7.79, June 7.54-7.59, July 7.49-7.54 and August New Crop 7.3575-7.4075.

Coarse feed grains: Bids for US 2 Yellow Corn delivered full coast Pacific Northwest – BN shuttle trains for May delivery trended mixed, four cents lower to one cent per bushel higher than week ago bids for the same delivery period from 5.09-5.17. Some exporters were not issuing bids for nearby delivery.

Forward month corn bids were as follows: June 5.09-5.12, July 5.07-5.08, August 5.0825-5.1025 and October 4.9950.

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 11.09-11.16 and November 11.06. 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 28 grain vessels in Columbia River ports on Thursday, May 10, with five docked compared to 30 last week with six docked. There were no new confirmed export sales this week from the Commodity Credit Corp. (CCC) of the USDA.

 

This article provided by NewsEdge.