JO_GR116 Portland, OR Thu May 16, 2013 USDA Market News ***RESENDING WITH UPDATED CONFIRMED EXPORT NEWS.*** Portland Weekly Grain Review Part 2 Pacific Northwest Add Weekly Grain Summary Cash Soft White Wheat - Pacific Northwest: Bids for US 1 Soft White Wheat, delivered by unit trains and barges to Portland during May ended the reporting week on Thursday, May 16, as 7.60-7.6775, mostly 7.64. Bids were 15.75 to 20 cents per bushel lower than last Thursday's noon bids of 7.80-7.8350, mostly 7.8175. Some exporters were not issuing bids for nearby delivery. There were no white club wheat premiums for nearby delivery for this week or last week. One year ago bids for US 1 Soft White Wheat and white club wheat for May delivery were 6.70-6.95, mostly 6.78. Nearby bids for US 1 Soft White wheat began the reporting week on Friday at mostly 7.6225 then rose to mostly 7.70 on Monday, continuing higher to mostly 7.7650 on Tuesday. On Wednesday, bids moved lower to mostly 7.71. Today (Thursday), nearby bids ended the reporting week lower to mostly 7.64. Some exporters were not issuing bids for nearby delivery. ***New confirmed export sales of white wheat this week were limited to Japan.*** Forward month bids for soft white wheat were as follows: June 7.5275-7.75, July 7.41-7.7275, August New Crop 7.36-7.61 and September 7.41-7.61. One year ago, forward month bids for soft white wheat were as follows: June 6.60-6.95; first half July 6.55-6.90, last half July 6.55-6.85; August New Crop 6.55-6.75 and September 6.55-6.80. Outstanding U.S. white wheat export sales as of May 9, 2013 for the marketing year beginning June 1, 2012 and ending May 31, 2013, totaled 158.2 thousand MT compared to 245.2 thousand MT on May 2, 2012, and 550.3 thousand MT one year ago. Outstanding white wheat export sales for the 2012-2013 marketing year were to the following countries in 1000 MT: Philippines 51.0, South Korea 35.9, Japan 22.7, Nigeria 20.4, Taiwan 10.4, Canada 2.3, Sri Lanka 2.0, Malaysia 1.5, Vietnam 0.8, Burma 0.5, Thailand 0.4, Hong Kong 0.3 and total unknown 10.0. Accumulated white wheat export shipments as of May 9, 2013, in 1000 MT for the 2012-2013 marketing year, totaled 4472.5 compared to 5328.9 one year ago. Outstanding white wheat export sales for the 2013-2014 marketing year totaled 621.7 thousand MT and were to the following countries in 1,000 MT: China 110.0, Philippines 85.5, Guatemala 59.8, South Korea 43.3, Japan 42.2, Thailand 30.5, Hong Kong 1.4, Burma 0.6 and total unknown 248.4. Outstanding U.S. barley export sales as of May 9, 2013 for the marketing year beginning June 1, 2012 and ending May 31, 2013, in 1000 MT, totaled 2.6 compared to 2.7 on May 2, 2012 and 2.6 one year ago. Outstanding barley export sales for the 2012-2013 marketing year in 1000 MT were to the following countries in 1000 MT: Taiwan 1.6 and Japan 1.0. Accumulated barley export shipments as of May 9, 2013 were 131.7 thousand MT compared to 83.2 one year ago. Outstanding barley export sales for the 2013-2014 marketing year totaled 5.0 thousand MT and were to the following countries in 1,000 MT: Japan 3.7, Taiwan 1.0 and Philippines 0.3. Coarse feeding grains: Bids for US 2 Yellow Corn delivered to Portland in single rail cars were 284.00-285.50, mixed, from a 0.50 of a cent lower to a 0.50 of a cent per ton higher than last Thursday's bids of 284.50-285.00. Bids for US 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Washington, and Hermiston, Oregon were 274.50-286.25, 2.50 per ton lower than last Thursday's bids of 277.00-288.75. Lower Chicago July corn futures were weighed on corn bids. Bids for US 2 Heavy White Oats for May delivery were 275.00, steady with last Thursday's noon bids. Source: USDA Market News Service, Portland, OR Tiffany Smit 503-326-2237 Portland.LGMN@ams.usda.gov 24 hour price information 503-326-2022 http://www.ams.usda.gov/mnreports/jo_gr116.txt www.ams.usda.gov/lpsmarketnewspage 1205p ts