04/19/07 Old crop soft white over $6 Portland

Market Line April 19, 2007 Good exporter demand for tight old crop soft white wheat supplies has kept the top bids over six-dollars a bushel at Portland the past two days. Yesterday soft white wheat and club wheat at Portland were higher at mostly 6-08. August new crop was unchanged however at 5-25. Mostly lower wheat futures and adequate old crop supplies pressured hard red winter wheat bids with 11.5 percent protein down one to four cents at 5-94. Hard red spring wheat 14 percent was one to seven cents lower at 6-07. Barley at the coast 170 dollars a ton. August at 155. By the way in addition to soft white wheat Taiwan has purchased 36-hundred tons of hard white wheat. Tunesia is tendering for 100-thousand tons of optional origin wheat and Ryan Kilbrantz of ADM at the Minneapolis Grain Exchange says the CCC is tendering as well. Kilbrantz: "The CCC is tendering for nearly 50-thousand tons of wheat for Afghanistan, Bangladesh and Indonesia." The weekly export sales report is out this morning. Cattle futures were lower Wednesday on profit taking, advancing corn futures and anxiety regarding this week's cash fed cattle trade. Market participants are also looking ahead towards tomorrow afternoon's Cattle on Feed report from the USDA. June live cattle down 45 cents at 92-82. May feeders down 105 at 108-30. May Class III milk down nine cents at 16-55. I'm Bob Hoff and that's Market Line on the Northwest Ag Information Network. Now this.