JO_GR110
Portland, OR         Tue  Mar 10, 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 March 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.  Bids for 11.5 percent protein hard red winter wheat are split
for first and last half March delivery.  All other wheat and barley bids
are for full March delivery.  Bids for corn are for 30 day delivery.

   May wheat futures in midday trading were 12 to 15-1/4 cents per
bushel higher compared to Mondays closes.

   Bids for US 1 Soft White Wheat, any protein, for March Portland
delivery were not fully established in early trading but bids were
indicated as five cents per bushel higher than Mondays noon bids.  Bids
for maximum 10.5 percent protein soft white wheat trended 10 cents higher
in early trading.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March
delivery were not well tested in early trading but bids were indicated as
six to 17 cents per bushel higher than Mondays noon bids in response to
the moderately higher Kansas City May wheat futures.  Some exporters
lowered their basis which weighed on bids.

   Bids for 14 percent protein US 1 Dark Northern Spring for March
delivery were not well tested in early trading but bids were indicated as
13 to 15 cents per bushel higher.  Moderately higher Minneapolis May
wheat futures were supportive to bids, although some exporters lowered
their basis, which tempered advances.

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

   Bids for US 2 Yellow Corn ranged from 22-1/2 to 23-3/4 cents per cwt
higher compared to Mondays noon bids in reaction to the higher Chicago
May corn futures.  Some corn traders lowered their basis which tempered
advances somewhat.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
      Mar                mostly $5.55 , ranging  $ 5.50 -5.55
      Apr                                        $ 5.50 -5.60
      May                                        $ 5.50 -5.65
      Jun                                          NA
      Aug NC                                     $ 5.20 -5.45
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      Mar         ***    mostly $5.65 , ranging  $ 5.55 -5.65
      Apr         ***                            $ 5.60 -5.70
      May         ***                            $ 5.60 -5.75
      Jun         ***                              NA
      Aug NC      ***                            $ 5.20 -5.45
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
      Mar                mostly $7.05 , ranging  $ 7.00 -7.05
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      Mar         ***    mostly $7.15 , ranging  $ 7.05 -7.15
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                              $ 5.58 -5.77
   10 pct protein                                $ 5.58 -5.77
   11 pct protein                                $ 6.08 -6.17
   11.5 pct protein
      FH Mar                                     $ 6.32 -6.33
      LH Mar                                     $ 6.33 -6.37
      Aug NC                                     $ 6.30 -6.40
   12 pct protein                                $ 6.47 -6.53
   13 pct protein                                $ 6.77 -6.93
   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                                $ 6.01 -6.30
   13 pct protein                                $ 7.01 -7.10
   14 pct protein
      Mar                                        $ 7.90 -8.01
      Aug NC                                     $ 6.87 -6.97
   15 pct protein                                $ 8.50 -8.76
   16 pct protein                                $ 9.10 -9.21
 * 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                        $8.4625  -8.5500
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $8.5125  -8.9125
_
US 2 Heavy White Oats in dollars per CWT**     $9.0000
 ** Not well tested.

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

  No. 1 Soft White                             $5.68
  No. 1 Hard Red Winter (Ordinary protein)     $5.51
  No. 1 Hard Red Winter (11.5% protein)        $6.10
  No. 1 Dark Northern Spring (14% protein)     $7.83
  No. 2 Barley                                  NA

Source:           USDA Market News Service, Portland, OR