JO_GR110
Portland, OR         Wed  Sep 23, 2009     USDA Market News

Portland Daily Grain Report
Bids as of 9:30 a.m.;   Subject to change

   Bids for grains delivered to Portland, Oregon during September by rail
or barge, in dollars per bushel, except oats, corn and barley, in dollars
per cwt.  Bids for soft white wheat are for delivery periods as
specified.  All other wheat and barley bids are for full September
delivery.  Bids for corn are for 30 day delivery.

   December wheat futures in midday trading were mixed, from 3/4 of a
cent lower to seven cents per bushel higher compared to Tuesdays
closes, with the decline in Minneapolis and the most advance in Chicago.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein, for September delivery were not fully established in early
trading but were indicated as steady to five cents per bushel higher than
Tuesdays noon bids.  Some exporters were not issuing bids for nearby
delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for September
delivery were not fully established but were indicated as generally
three cents higher in following the higher Kansas City December wheat
futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for September
delivery were not fully established in early trading but were indicated
as mixed, from one cent lower to nine cents per bushel higher compared to
Tuesdays noon bids.  Fractionally lower Minneapolis December wheat
futures weighed on bids, while some exporters increased their basis,
which was supportive to bids.

   Bids for US 2 barley for September delivery were not well tested.

   Bids for US 2 Yellow Corn trended five to 6-1/4 cents per cwt lower
due to lower Chicago December corn futures.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
      Sep                mostly $4.40 , ranging  $ 4.35 -4.45
      Oct                                        $ 4.48 -4.50
      Nov                                        $ 4.50 -4.51
      Dec                                        $ 4.50 -4.54
      Jan                                        $ 4.50 -4.57
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      Sep         ***    mostly $4.40 , ranging  $ 4.35 -4.45
      Oct         ***                            $ 4.48 -4.50
      Nov         ***                            $ 4.50 -4.51
      Dec         ***                            $ 4.50 -4.54
      Jan         ***                            $ 4.50 -4.57
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
      Sep                mostly $6.90 , ranging  $ 6.45 -7.35

_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      Sep         ***    mostly $6.90 , ranging  $ 6.45 -7.35
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                              $ 4.41 -4.42
   10 pct protein                                $ 4.41 -4.42
   11 pct protein                                $ 4.81 -4.83
   11.5 pct protein
      Sep                                        $ 5.01 -5.04
   12 pct protein                                  NA
   13 pct protein                                  NA
   13 pct protein-                                 NA
      Milling Quality Montana Origin
 * Not fully established.
_
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) *
   12 pct protein                                  NA
   13 pct protein                                $ 4.90 -4.95
   14 pct protein
      Sep                                        $ 6.30 -6.40
   15 pct protein                                $ 7.30 -7.35
   16 pct protein                                $ 8.30 -8.35
 * Not fully established.
_
US 2 Barley in    dollars per CWT
 Unit trains & Barges-export (45 lbs.) *        NA
 Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)
   Delivered to Portland                        NA
   Delivered to inland feeding areas            NA
   FOB inland Country Elevators                 NA
 * Not fully established.
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                       NA
  Delivered to Portland                        $7.7250  -7.8000
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $7.5000  -7.8125
_
US 2 Heavy White Oats in dollars per CWT**     $7.0000
 ** Not well tested.

Exporter Bids Portland Rail/Barge     Aug 2009
  Averages in Dollars per bushel

  No. 1 Soft White                             $4.90
  No. 1 Hard Red Winter (Ordinary protein)     $5.03
  No. 1 Hard Red Winter (11.5% protein)        $5.57
  No. 1 Dark Northern Spring (14% protein)     $6.37
  No. 2 Barley                                  NA

Source:           USDA Market News Service, Portland, OR