JO_GR110
Portland, OR         Thu  Jun 11, 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 June 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.  Bids for 14 percent protein dark northern spring wheat were
split for June 11-20 delivery and June 21-30 delivery.  All other wheat
and barley bids are for full June delivery.  Bids for corn are for 30 day
delivery.

   July wheat futures closed 3-1/2 cents lower to 7-1/2 cents per bushel
higher compared to Wednesdays closes, with the most decline in Kansas
City and the advance in Minneapolis.  September spring wheat futures
closed 5 cents higher than Wednesdays closes.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein for June Portland delivery, trended steady to 10 cents per bushel
lower compared to Wednesdays noon bids.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June
delivery trended steady to eight cents per bushel lower compared to
Wednesdays noon bids.  Lower Kansas City July wheat futures weighed on
bids.  Several exporters raised or lowered their basis depending on their
demand for hard red winter wheat to fulfill upcoming vessel commitments.

   Bids for 14 percent protein US 1 Dark Northern Spring for June
delivery advanced by one to seven cents per bushel compared to
Wednesdays noon bids.  Bids were supported by higher Minneapolis July
and September wheat futures.  Several exporters have switched to over the
September wheat futures.

   Bids for US 2 barley for June delivery were not available as exporters
were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn advanced by 8-3/4 to 10 cents per cwt
compared to Wednesday noon bids due to higher Chicago June corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Jun            mostly $ 6.05 , ranging  $6.00  -6.10      unch-dn 10
      Jul                                     $6.00  -6.10      unch-dn 10
      Aug NC                                  $6.00  -6.10      unch-dn 10
      Sep                                     $6.05  -6.20      unch-dn 5
      Oct                                     $6.10  -6.20      unch-dn 10
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jun        *** mostly $ 6.05 , ranging  $6.00  -6.10      unch-dn 10
      Jul        ***                          $6.00  -6.10      unch-dn 10
      Aug NC     ***                          $6.00  -6.10      unch-dn 10

      Sep        ***                          $6.05  -6.20      unch-dn 5
      Oct        ***                          $6.10  -6.20      unch-dn 10
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Jun            mostly $ 6.05 , ranging  $6.05  -7.00      up 5-unch
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jun        *** mostly $ 6.05 , ranging  $6.05  -7.00      up 5-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 6.10 , ranging  $6.10  -6.18      dn 2-dn 8
 10 pct protein      mostly $ 6.10 , ranging  $6.10  -6.18      dn 2-dn 8
 11 pct protein                               $6.43  -6.58      unch-dn 8
 11.5 pct protein
      Jun            mostly $ 6.75 , ranging  $6.68  -6.78      unch-dn 8
      FH Aug NC                               $6.73  -6.83      dn 1-dn 9
      LH Aug NC                               $6.75  -6.83      dn 2-dn 9
 12 pct protein                               $6.85  -6.93      dn 3
 13 pct protein      mostly $ 7.40 , ranging  $7.08  -7.43      dn 8-unch
 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                               $6.93  -6.99      up 1-up 7
 13 pct protein                               $7.53  -7.59      up 1-up 7
 14 pct protein
      Jun 11-20      mostly $ 8.16 , ranging  $8.13  -8.19      up 1-up 7
      Jun 21-30      mostly $ 8.14 , ranging  $8.09  -8.19      up 7
      FH Aug NC                               $8.03  -8.13      up 5-dn 5
      LH Aug NC                               $7.98  -8.13      up 5-dn 5
 15 pct protein                               $8.53  -8.59      up 1-up 7
 16 pct protein                               $8.93  -8.99      up 1-up 7
_
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                      $9.4125            up 10
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $9.4875 -9.9250    up 10-up 8.75
_
US 2 Heavy White Oats in dollars per CWT     $8.5000            unch
_
Exporter Bids Portland Rail/Barge  May 2009
  Averages in Dollars per bushel
_
  No. 1 Soft White                           $5.74
  No. 1 Hard Red Winter (Ordinary protein)   $6.08
  No. 1 Hard Red Winter (11.5% protein)      $6.66
  No. 1 Dark Northern Spring (14% protein)   $8.27
  No. 2 Barley                                NA
_
Source:       USDA Market News Service, Portland, OR