JO_GR110
Portland, OR         Tue  Apr 07, 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 April 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 April delivery.
Bids for corn are for 30 day delivery.

   July wheat futures closed 10-1/2 to 17-1/4 cents lower compared to
Mondays closes.

   Bids for US 1 Soft White Wheat, any protein, for April Portland
delivery were steady to nine cents per bushel lower than Tuesdays noon
bids.  Bids for maximum 10.5 percent protein soft white wheat trended
five to nine cents lower.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April
delivery declined by 13 cents per bushel compared to Mondays noon bids
in lining up with the lower Kansas City July wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for April
Portland delivery trended 10 to 21 cents lower in response to the lower
Minneapolis July wheat futures.

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

   Bids for US 2 Yellow Corn delivered to Portland via single rail cars
trended 1-1/4 cents to 17-1/2 cents per cwt lower.  Moderately lower
Chicago May corn futures weighed on bids, although some corn traders
raised their basis which tempered declines.  Corn bids truck delivered to
the Yakima Valley declined by 17-1/2 cents per cwt due to lower Chicago
May corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Apr            mostly $ 5.50 , ranging  $5.50  -5.55      unch-dn 9
      May                                     $5.50  -5.60      unch-dn 3
      Jun                                     $5.50  -5.60      unch
      Jul                                     $5.37  -5.60      dn 17-unch
      Aug NC                                  $5.40  -5.60      unch-dn 3
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Apr        *** mostly $ 5.55 , ranging  $5.50  -5.60      dn 5-dn 9
      May        ***                          $5.50  -5.60      dn 5-dn 8
      Jun        ***                          $5.58  -5.60      dn 2-dn 5
      Jul        ***                          $5.37  -5.60      dn 17-unch
      Aug NC     ***                          $5.40  -5.60      unch-dn 3
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Apr            mostly $ 7.25 , ranging  $7.05  -7.75      dn 9-dn 5
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Apr        *** mostly $ 7.30 , ranging  $7.05  -7.75      dn 14-dn 5
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.75 , ranging  $5.69  -5.81      dn 13-dn 28
 10 pct protein      mostly $ 5.75 , ranging  $5.69  -5.81      dn 13-dn 28
 11 pct protein                               $6.04  -6.21      dn 13-dn 18
 11.5 pct protein
      Apr            mostly $ 6.34 , ranging  $6.24  -6.41      dn 13
      Aug NC                                  $6.36  -6.43      dn 13-dn 18
 12 pct protein                               $6.44  -6.53      dn 13-dn 18
 13 pct protein      mostly $ 6.82 , ranging  $6.71  -7.00      dn 13-dn 18
 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                               $5.98  -6.64      dn 10-dn 15
 13 pct protein                               $6.98  -7.36      dn 10-dn 15
 14 pct protein
      Apr            mostly $ 8.08 , ranging  $7.98  -8.08      dn 10-dn 21
      Aug NC                                  $7.23  -7.33      dn 11
 15 pct protein                               $8.60  -8.78      dn 8-dn 21
 16 pct protein                               $9.12  -9.28      dn 15-dn 3
_
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                      $8.8375            dn 1.25-dn 17.5

  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $8.7500 -9.1250    dn 17.5
_
US 2 Heavy White Oats in dollars per CWT     $9.0000            unch
_
Exporter Bids Portland Rail/Barge  Mar 2009
  Averages in Dollars per bushel
_
  No. 1 Soft White                           $5.53
  No. 1 Hard Red Winter (Ordinary protein)   $5.59
  No. 1 Hard Red Winter (11.5% protein)      $6.21
  No. 1 Dark Northern Spring (14% protein)   $7.82
  No. 2 Barley                                NA
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Source:       USDA Market News Service, Portland, OR