JO_GR110
Portland, OR         Tue  May 05, 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 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 closed 1-3/4 to 9-1/2 cents per bushel higher
compared to Mondays closes.

   Bids for US 1 Soft White Wheat, any protein, for May delivery
trended four to 10 cents per bushel higher compared to Monday noon
bids.  Bids for maximum 10.5 percent protein soft white wheat for May
Portland delivery trended four to five cents per bushel higher.  Bids
were supported by higher Chicago July wheat futures and poor crop
conditions in parts of Eastern Oregon, on dry land wheat farms.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery trended steady to two cents per bushel higher than Mondays noon
bids.  Higher Kansas City July wheat futures were supportive to bids.
Some exporters lowered their basis to offset the higher futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for May
delivery advanced by four to nine cents per bushel in response to the
higher Minneapolis July wheat futures, although some exporters lowered
their basis, which tempered advances.

   Bids for US 2 barley for May 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 steady to 2-1/2 cents per cwt lower than Mondays noon bids.
Lower Chicago July corn futures and a lower basis bid by some corn
traders pressured bids.  Corn bids truck delivered to the Yakima Valley
were 1-1/4 cents lower due to the lower Chicago July corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      May            mostly $ 5.45 , ranging  $5.40  -5.50      up 10-up 4
      Jun                                     $5.45  -5.50      up 10-up 4
      Jul                                     $5.45  -5.50      up 15-up 1
      Aug NC                                  $5.45  -5.50      up 20-unch
      Sep                                     $5.45  -5.55      dn 5-up 2
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      May        *** mostly $ 5.50 , ranging  $5.45  -5.50      up 5-up 4
      Jun        ***                          $5.45  -5.50      up 5-up 4
      Jul        ***                          $5.45  -5.50      up 10-up 1

      Aug NC     ***                          $5.45  -5.50      up 20-unch
      Sep        ***                          $5.45  -5.55      dn 5-up 2
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      May            mostly $ 5.45 , ranging  $5.40  -5.50      unch-dn 205
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      May        *** mostly $ 5.50 , ranging  $5.45  -5.50      up 5-dn 215
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.69 , ranging  $5.59  -5.80      up 2
 10 pct protein      mostly $ 5.69 , ranging  $5.59  -5.80      up 2
 11 pct protein                               $5.99  -6.11      up 2-unch
 11.5 pct protein
      May            mostly $ 6.29 , ranging  $6.19  -6.31      up 2-unch
      Aug NC                                  $6.29  -6.37      up 1-dn 1
 12 pct protein                               $6.34  -6.51      up 2-unch
 13 pct protein      mostly $ 6.79 , ranging  $6.59  -7.04      up 2
 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                               $6.36  -6.41      up 4-up 9
 13 pct protein                               $7.16  -7.21      up 4-up 9
 14 pct protein
      May            mostly $ 8.01 , ranging  $7.96  -8.01      up 4-up 9
      Aug NC                                  $7.42  -7.52      up 8
 15 pct protein                               $8.46  -8.61      up 9
 16 pct protein                               $8.97  -9.21      up 9
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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                      $8.9000 -8.9125    unch-dn 2.5
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $8.9125 -9.2875    dn 1.25
_
US 2 Heavy White Oats in dollars per CWT     $9.0000            unch
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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
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Source:       USDA Market News Service, Portland, OR