JO_GR110
Portland, OR         Tue  May 05, 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 three to nine cents per
bushel higher compared to Mondays closes.

   Bids for US 1 Soft White Wheat, any protein, for May Portland
delivery were not fully established in early trading but bids were
indicated as mixed, from one cent lower to 10 cent per bushel higher
than Mondays noon bids.  Bids for maximum 10.5 percent protein soft
white wheat trended steady to one cent lower.

   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 one to three cents per bushel higher than Mondays noon bids.  Higher
Kansas City July wheat futures were supportive to bids, although some
exporters lowered their basis, which tempered advances.

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

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

   Bids for US 2 Yellow Corn delivered to Portland via single rail cars
trended 8-3/4 to 11-1/4 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 10 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 $5.40 , ranging  $ 5.40 -5.45
      Jun                                        $ 5.40 -5.45
      Jul                                        $ 5.40 -5.45
      Aug NC                                     $ 5.45 -5.50
      Sep                                        $ 5.50
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      May         ***    mostly $5.45 , ranging  $ 5.40 -5.45
      Jun         ***                            $ 5.40 -5.45
      Jul         ***                            $ 5.40 -5.45
      Aug NC      ***                            $ 5.45 -5.50
      Sep         ***                            $ 5.50
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
      May                mostly $5.40 , ranging  $ 5.40 -5.45
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      May         ***    mostly $5.45 , ranging  $ 5.40 -5.45
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                              $ 5.60 -5.81
   10 pct protein                                $ 5.60 -5.81
   11 pct protein                                $ 6.00 -6.12
   11.5 pct protein
      May                                        $ 6.20 -6.32
      Aug NC                                     $ 6.30 -6.38
   12 pct protein                                $ 6.35 -6.52
   13 pct protein                                $ 6.65 -7.05
   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                                $ 6.35
   13 pct protein                                $ 7.15
   14 pct protein
      May                                        $ 7.95
      Aug NC                                     $ 7.37 -7.47
   15 pct protein                                $ 8.40 -8.55
   16 pct protein                                $ 8.91 -9.15
 * 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                        $8.8125  -8.8250
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $8.8250  -9.2000
_
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