JO_GR110
Portland, OR         Tue  Mar 17, 2009     USDA Market News

Portland Daily Grain Report
Bids as of 11:30 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.  All other wheat and barley bids are for full March delivery.
Bids for corn are for 30 day delivery.

   May wheat futures closed six to 8-1/4 cents per bushel higher compared
to Mondays closes.

   Bids for US 1 Soft White Wheat, any protein, for March Portland
delivery were mixed, from five cents lower to six cents per bushel higher
compared with Mondays noon bids.  Bids for maximum 10.5 percent protein
soft white wheat trended steady to six cents higher.  White club wheat
premiums were ranging from 1.50 to 2.25 per bushel over soft white wheat
bids.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March
delivery were six to eight cents per bushel higher.  Higher Kansas City
May wheat futures were supportive to bids, although some exporters
lowered their basis which tempered advances.  Some exporters were not
issuing bids for March delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring for March
delivery trended four to six cents per bushel higher compared to Mondays
noon bids in reaction to the higher Minneapolis May wheat futures.  Some
exporters lowered their basis which tempered advances somewhat.

   Bids for US 2 barley for March delivery were not fully established
as most exporters were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn ranged from 1-1/4 to 2-1/2 cents per cwt
lower compared to Mondays noon bids in reaction to the lower Chicago May
corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Mar                                     $5.55             up 6-dn 5
      Apr                                     $5.60  -5.63      up 10-dn 2
      May                                     $5.63  -5.65      up 13-dn 5
      Jun                                      NA
      Aug NC                                  $5.20  -5.59      unch-up 8
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Mar        *** mostly $ 5.60 , ranging  $5.55  -5.60      up 6-unch
      Apr        ***                          $5.60  -5.68      up 8-up 3
      May        ***                          $5.65  -5.68      up 10-dn 2
      Jun        ***                           NA
      Aug NC     ***                          $5.20  -5.59      unch-up 8
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Mar            mostly $ 7.45 , ranging  $7.05  -7.80      up 5-dn 5
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Mar        *** mostly $ 7.50 , ranging  $7.10  -7.80      up 5-dn 5
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.90 , ranging  $5.72  -6.00      up 6-up 8
 10 pct protein      mostly $ 5.90 , ranging  $5.72  -6.00      up 6-up 8
 11 pct protein                               $6.22  -6.40      up 6-up 8
 11.5 pct protein
      Mar            mostly $ 6.55 , ranging  $6.47  -6.60      up 6-up 8
      Aug NC                                  $6.51  -6.61      up 9
 12 pct protein                               $6.65  -6.75      up 8
 13 pct protein      mostly $ 7.05 , ranging  $6.95  -7.07      up 8-up 6
 13 pct protein-                               NA
    Milling Quality Montana Origin
_
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                               $6.14  -6.49      up 6
 13 pct protein                               $7.14  -7.29      up 6
 14 pct protein
      Mar            mostly $ 8.09 , ranging  $7.99  -8.14      up 4-up 6
      Aug NC                                  $7.07  -7.12      up 11-up 6
 15 pct protein                               $8.59  -8.74      up 4-dn 9
 16 pct protein                               $9.19  -9.34      up 4-up 6
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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
_
US 2 Yellow Corn  in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                     NA
  Delivered to Portland                      $8.6750 -8.7625    dn 1.25
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $8.6875 -9.1125    dn 1.25-dn 2.5
_
US 2 Heavy White Oats in dollars per CWT     $9.0000            unch
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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
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Source:       USDA Market News Service, Portland, OR