JO_GR110 Portland, OR Fri May 17, 2013 USDA Market News Portland Daily Grain Report Bids as of 12:00 p.m. Pacific time; Subject to change Bids for grains delivered to Portland, Oregon during May by unit trains and barges, in dollars per bushel, except oats and corn, in dollars per cwt. Bids for soft white wheat are for delivery periods as specifie. All other wheat bids are for full May delivery. Bids for corn are for 30 day delivery. July wheat futures closed a 0.25 of a cent lower to 6.25 cents per bushel lower than Thursday’s closes. Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during May trended steady to 5.50 cents per bushel higher than Thursday’s noon bids for May delivery. Some exporters are not issuing bids for nearby delivery. Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May delivery declined by 6.25 cents per bushel compared to Thursday’s bids in lining up with the lower Kansas City July wheat futures. Bids for 14 percent protein US 1 Dark Northern Spring Wheat for May delivery trended 0.25 of a cent per bushel lower compared to Thursday’s bids for May delivery. Bids were pressured by the fractionally lower July Minneapolis wheat futures. Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 20 cents per cwt higher than Thursday’s noon bids. Corn bids truck delivered to the Yakima Valley also trended 20 cents per cwt higher compared with Thursday’s noon bids. Corn bids were supported by the higher Chicago July corn futures. All wheat bids in dollars per bushel US 1 Soft White Wheat - delivered by Unit Trains and Barges May mostly 7.6675, ranging 7.6000-7.7325 unch-up 5.50 Jun 7.6825-7.7825 up 15.50-3.25 Jul 7.5825-7.7325 up 17.25-0.50 Aug NC 7.4000-7.6100 up 4.00-unch Sep 7.4500-7.6100 up 4.00-unch _ US 1 White Club Wheat - delivered by Unit Trains and Barges May mostly 7.6675, ranging 7.6000-7.7325 unch-up 5.50 _ US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) Ordinary protein mostly 8.6225, ranging 8.5725-8.7025 dn 6.25 10 pct protein mostly 8.6225, ranging 8.5725-8.7025 dn 6.25 11 pct protein 8.6725-8.7825 dn 6.25 11.5 pct protein May mostly 8.7525, ranging 8.7225-8.8225 dn 6.25 Jun 8.5725-8.7725 dn 1.25-6.25 FH Jul 8.3725-8.6725 dn 6.25 LH Jul 8.1725-8.6725 dn 6.25 Aug NC 8.1925-8.3925 dn 7.25-2.25 Sep 8.2425-8.4925 dn 7.25-2.25 12 pct protein 8.7225-8.8425 dn 6.25 13 pct protein mostly 8.7925, ranging 8.7225-8.8825 dn 6.25 _ 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) 13 pct protein 9.0275-9.0775 up 3.75 14 pct protein May mostly 9.2375, ranging 9.1875-9.2375 dn 0.25 Jun 9.1375-9.2375 dn 0.25 Jul 9.0875-9.1875 up 4.75-dn 0.25 Aug NC 8.9000-9.0000 dn 1.50 Sep 8.8500-9.0000 dn 1.50 15 pct protein 9.1875-9.2375 dn 0.25 16 pct protein 9.1875-9.2375 dn 0.25 _ US 2 Yellow Corn in dollars per CWT Domestic-single rail cars Delivered full coast-BN NA Delivered to Portland 14.4000-14.4750 up 20 Rail and Truck del to Willamette Vly NA Rail del to Yakima Valley NA Truck del to Yakima Valley 13.9250-14.5125 up 20 US 2 Heavy White Oats in dollars per CWT ** 13.7500 unch ** Not well tested. Exporter Bids Portland Rail/Barge Apr 2013 Averages in Dollars per bushel US 1 Soft White by Unit Trains and Barges 7.9300 US 1 Hard Red Winter (Ordinary protein) 8.5900 US 1 Hard Red Winter (11.5% protein) 8.8100 US 1 Dark Northern Spring (14% protein) 9.3000 Source: USDA Market News Service, Portland, OR Tiffany Smit 503-326-2237 Portland.LGMN@ams.usda.gov 24 Hour Market Report 503-326-2022 www.ams.usda.gov/mnreports/jo_gr110.txt www.ams.usda.gov/lpsmarketnewspage 11:48 P ts