JO_GR110
Portland, OR         Wed  Jul 15, 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 2-1/2 to 5-1/2 cents per bushel higher
compared to Tuesdays closes.

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

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were three cents per bushel higher than Tuesdays noon
bids.  Bids were supported by higher Kansas City September wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for July
delivery trended two to five cents per bushel higher than Tuesdays noon
bids in response to the higher Minneapolis September wheat futures,
although some exporters lowered their basis in order to partially offset
the higher futures.

   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 16-1/4 cents per cwt lower than
Tuesdays noon bids in response to lower Chicago September corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Jul            mostly $ 5.42 , ranging  $5.40  -5.45      up 5-unch
      Aug NC                                  $5.43  -5.55      up 3
      Sep                                     $5.48  -5.60      unch
      Oct                                     $5.50  -5.66      unch-up 1
      Nov                                     $5.54  -5.74      unch-up 1
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jul        *** mostly $ 5.42 , ranging  $5.40  -5.45      up 5-unch
      Aug NC     ***                          $5.43  -5.55      up 3
      Sep        ***                          $5.48  -5.60      unch
      Oct        ***                          $5.50  -5.66      unch-up 1
      Nov        ***                          $5.54  -5.74      unch-up 1
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Jul            mostly $ 6.22 , ranging  $5.40  -6.93      unch
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jul        *** mostly $ 6.22 , ranging  $5.40  -6.93      unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.46 , ranging  $5.39  -5.48      up 3
 10 pct protein      mostly $ 5.46 , ranging  $5.39  -5.48      up 3
 11 pct protein                               $5.79  -5.86      up 3
 11.5 pct protein
      Jul            mostly $ 6.03 , ranging  $5.99  -6.06      up 3
      Aug NC                                  $6.01  -6.11      up 3
 12 pct protein                               $6.16  -6.21      up 3
 13 pct protein      mostly $ 6.56 , ranging  $6.51  -6.66      up 3
 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                               $5.94  -6.04      up 5
 13 pct protein                               $6.54  -6.64      up 5
 14 pct protein
      Jul            mostly $ 7.19 , ranging  $7.14  -7.24      up 5-up 2
      FH Aug                                  $7.11  -7.24      up 5
      LH Aug                                  $7.11  -7.19      no comp
 15 pct protein                               $7.54  -7.64      up 5
 16 pct protein                               $7.94  -8.04      up 5
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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                      $7.4750 -7.7375    dn 16.25
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $7.6000 -7.9375    dn 16.25
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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  Jun 2009
  Averages in Dollars per bushel
_
  No. 1 Soft White                           $5.91
  No. 1 Hard Red Winter (Ordinary protein)   $6.09
  No. 1 Hard Red Winter (11.5% protein)      $6.67
  No. 1 Dark Northern Spring (14% protein)   $7.99
  No. 2 Barley                                NA
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Source:       USDA Market News Service, Portland, OR