JO_GR110
Portland, OR         Mon  May 04, 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 May 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 May delivery.
Bids for corn are for 30 day delivery.

   July wheat futures in midday trading were 14-1/4 To 19-1/4 cents per
bushel lower compared to Fridays closes.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein, for May Portland delivery were not fully established in early
trading but bids were indicated as steady to 11 cents per bushel lower
than Fridays noon bids, pressured by lower Chicago July wheat futures in
early trading.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery were not fully established in early trading but were indicated
as 14 cents per bushel lower than Fridays noon bids.  Lower Kansas City
July wheat futures weighed on bids.

   Bids for 14 percent protein US 1 Dark Northern Spring for May delivery
were not fully established in early trading but were indicated as
generally 19 cents per bushel lower than Fridays noon bids in lining up
with the lower Minneapolis July wheat futures.

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

   Bids for US 2 Yellow Corn trended 12-1/2 to 13-3/4 cents per cwt lower
than Fridays noon bids in early trading.  Lower Chicago July corn
futures pressured cash corn bids.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
      May                mostly $5.35 , ranging  $ 5.30 -5.40
      Jun                                        $ 5.35 -5.40
      Jul                                        $ 5.40 -5.45
      Aug NC                                     $ 5.30 -5.50
      Sep                                          NA
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      May         ***                            $ 5.40
      Jun         ***                            $ 5.40
      Jul         ***                            $ 5.40 -5.45
      Aug NC      ***                            $ 5.30 -5.50
      Sep         ***                              NA
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
      May                mostly $6.35 , ranging  $ 5.40 -7.55
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      May         ***    mostly $6.40 , ranging  $ 5.40 -7.65
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                              $ 5.61 -5.82
   10 pct protein                                $ 5.61 -5.82
   11 pct protein                                $ 6.01 -6.15
   11.5 pct protein
      May                                        $ 6.21 -6.35
      Aug NC                                     $ 6.31 -6.41
   12 pct protein                                $ 6.36 -6.55
   13 pct protein                                $ 6.66 -7.06
   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                                $ 6.31
   13 pct protein                                $ 7.11
   14 pct protein
      May                                        $ 7.91
      Aug NC                                     $ 7.35 -7.45
   15 pct protein                                $ 8.36 -8.51
   16 pct protein                                $ 8.87 -9.11
 * 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                        $8.9250  -8.9500
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $8.9375  -9.3125
_
US 2 Heavy White Oats in dollars per CWT**     $9.0000
 ** Not well tested.

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

  No. 1 Soft White                             $5.46
  No. 1 Hard Red Winter (Ordinary protein)     $5.53
  No. 1 Hard Red Winter (11.5% protein)        $6.14
  No. 1 Dark Northern Spring (14% protein)     $7.83
  No. 2 Barley                                  NA

Source:           USDA Market News Service, Portland, OR