JO_GR110
Portland, OR         Fri  May 08, 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 13-1/2 to 20-3/4 cents per bushel higher
compared to Thursdays closes.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein for May Portland delivery, trended three to seven cents per
bushel higher compared to Thursday noon bids, supported by sharply higher
Chicago July wheat futures.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery advanced by 19 cents per bushel in lining up with the higher
Kansas City wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for May delivery
advanced by three to eight cents per bushel.  Higher Minneapolis July
wheat futures were supportive to bids, although most exporters lowered
their basis, in order to partially offset the higher futures.

   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 trended 16-1/4 cents per cwt higher
in response to the higher Chicago May corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      May            mostly $ 5.60 , ranging  $5.58  -5.65      up 3-up 7
      Jun                                     $5.58  -5.65      up 3-up 7
      Jul                                     $5.50  -5.65      dn 5-up 7
      Aug NC                                  $5.55  -5.65      unch-up 7
      Sep                                     $5.55  -5.69      dn 3-up 7
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      May        *** mostly $ 5.60 , ranging  $5.58  -5.65      up 3-up 7
      Jun        ***                          $5.58  -5.65      up 3-up 7
      Jul        ***                          $5.50  -5.65      dn 5-up 7
      Aug NC     ***                          $5.55  -5.65      unch-up 7
      Sep        ***                          $5.55  -5.69      dn 3-up 7
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      May            mostly $ 5.60 , ranging  $5.58  -6.10      up 3-up 2
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      May        *** mostly $ 5.60 , ranging  $5.58  -6.10      up 3-up 2
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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 6.03 , ranging  $5.93  -6.12      up 19
 10 pct protein      mostly $ 6.03 , ranging  $5.93  -6.12      up 19
 11 pct protein                               $6.33  -6.43      up 19
 11.5 pct protein
      May            mostly $ 6.63 , ranging  $6.53  -6.63      up 19
      Aug NC                                  $6.64  -6.72      up 21
 12 pct protein                               $6.68  -6.83      up 19
 13 pct protein      mostly $ 7.13 , ranging  $6.93  -7.38      up 19
 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                               $6.50  -6.55      up 8-up 3
 13 pct protein                               $7.30  -7.35      up 8-up 3
 14 pct protein
      May            mostly $ 8.15 , ranging  $8.10  -8.15      up 8-up 3
      Aug NC                                  $7.76  -7.87      up 16
 15 pct protein                               $8.58  -8.70      up 8-dn 2
 16 pct protein                               $9.06  -9.30      up 8-dn 2
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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
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US 2 Yellow Corn  in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                     NA
  Delivered to Portland                      $9.1750 -9.2000    up 16.25
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $9.2000 -9.5750    up 16.25
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US 2 Heavy White Oats in dollars per CWT     $8.5000            dn 50
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Exporter Bids Portland Rail/Barge   3
  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