JO_GR110
Portland, OR         Fri  Jun 26, 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 July 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 July delivery.
Bids for corn are for 30 day delivery.

   September wheat futures closed mixed, from 5-3/4 cents lower to 1-1/2
cents per bushel higher compared to Thursdays closes, with the most
decline in Minneapolis and the advance in Chicago.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein, for July Portland delivery trended two to five cents per
bushel higher compared to Thursdays noon bids.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery trended two to three cents per bushel higher than Thursdays
noon bids.  Higher basis bids by some exporters were supportive to bids,
although Kansas City September wheat futures closed lower.

   Bids for 14 percent protein US 1 Dark Northern Spring for July
delivery declined by one to six cents per bushel compared to Fridays
noon bids.  Lower Minneapolis September wheat futures pressured bids,
while some exporters raised their basis which tempered declines.

   Bids for US 2 Barley for July delivery were not available as exporters
were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn trended 2-1/2 to 3-3/4 cents per cwt higher
due to the higher Chicago July and September corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Jul            mostly $ 5.70 , ranging  $5.65  -5.73      up 5-up 2
      Aug NC                                  $5.65  -5.75      up 5-up 4
      Sep                                     $5.70  -5.82      up 5-up 6
      Oct                                     $5.75  -5.90      up 5-up 9
      Nov                                     $5.80  -5.97      up 5-up 11
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jul        *** mostly $ 5.70 , ranging  $5.65  -5.73      up 5-up 2
      Aug NC     ***                          $5.65  -5.75      up 5-up 4
      Sep        ***                          $5.70  -5.82      up 5-up 6
      Oct        ***                          $5.75  -5.90      up 5-up 9
      Nov        ***                          $5.80  -5.97      up 5-up 11
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US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Jul            mostly $ 5.70 , ranging  $5.65  -6.65      up 5-dn 5
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jul        *** mostly $ 5.70 , ranging  $5.65  -6.65      up 5-dn 5
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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.70 , ranging  $5.65  -5.85      up 3-up 2
 10 pct protein      mostly $ 5.70 , ranging  $5.65  -5.85      up 3-up 2
 11 pct protein                               $6.05  -6.25      up 3-up 2
 11.5 pct protein
      Jul            mostly $ 6.35 , ranging  $6.25  -6.45      up 3-up 2
      Aug NC                                  $6.20  -6.45      up 2
 12 pct protein                               $6.40  -6.60      up 3-up 2
 13 pct protein      mostly $ 6.90 , ranging  $6.70  -6.95      up 2
 13 pct protein-                               NA
    Milling Quality Montana Origin
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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                               $6.27  -6.37      dn 6-dn 1
 13 pct protein                               $6.87  -6.97      dn 6-dn 1
 14 pct protein
      Jul            mostly $ 7.57 , ranging  $7.47  -7.57      dn 6-dn 1
      Aug NC                                  $7.47  -7.57      dn 6-dn 3
 15 pct protein                               $7.87  -7.97      dn 6-dn 1
 16 pct protein                               $8.27  -8.37      dn 6-dn 1
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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                      $8.5000            up 3.75-up 2.5
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $8.4625 -8.9125    up 3.75-up 2.5
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US 2 Heavy White Oats in dollars per CWT     $8.5000            unch
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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
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Source:       USDA Market News Service, Portland, OR