JO_GR110
Portland, OR         Thu  Jul 23, 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 higher by two to 9-3/4 cents per
bushel compared to Tuesdays closes.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein, for July Portland delivery remained steady with Wednesdays noon
bids as harvest pressure and country selling offset the higher Chicago
September wheat futures.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were seven cents per bushel higher than Tuesdays noon bids in
lining up with the higher Kansas City September wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for July
delivery trended eight to 13 cents per bushel lower than Tuesdays noon
bids, in spite of the slightly higher Minneapolis September wheat
futures, pressured by moderately active country selling.

   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 33-3/4 to 43-3/4 cents per cwt
higher than Wednesdays noon bids in response to higher Chicago September
corn futures and higher basis bid by some traders.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Jul            mostly $ 5.15 , ranging  $5.05  -5.30      unch
      FH Aug                                  $5.10  -5.35      dn 2-unch
      LH Aug                                  $5.10  -5.35      dn 5-up 10
      FH Sep                                  $5.14  -5.43      dn 11-dn 4
      LH Sep                                  $5.18  -5.47      dn 7-unch
      Oct                                     $5.30  -5.53      dn 4-unch
      Nov                                     $5.35  -5.57      dn 3-dn 2
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jul        *** mostly $ 5.15 , ranging  $5.05  -5.30      unch
      FH Aug     ***                          $5.10  -5.35      dn 2-unch
      LH Aug     ***                          $5.10  -5.35      dn 5-up 10
      Sep        ***                          $5.14  -5.43      dn 11-dn 4
      LH Sep     ***                          $5.18  -5.47      dn 7-unch
      Oct        ***                          $5.30  -5.53      dn 4-unch
      Nov        ***                          $5.35  -5.57      dn 3-dn 2
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Jul            mostly $ 6.15 , ranging  $5.05  -7.55      unch
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jul        *** mostly $ 6.15 , ranging  $5.05  -7.55      unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.42 , ranging  $5.40  -5.47      up 7
 10 pct protein      mostly $ 5.42 , ranging  $5.40  -5.47      up 7
 11 pct protein                               $5.73  -5.87      up 4-up 7
 11.5 pct protein
      Jul            mostly $ 6.02 , ranging  $5.95  -6.07      up 7
      Aug                                     $5.97  -6.12      up 7
 12 pct protein                               $6.10  -6.22      up 7
 13 pct protein      mostly $ 6.47 , ranging  $6.43  -6.52      up 7-up 2
 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                               $5.60  -5.70      dn 8-dn 3
 13 pct protein                               $6.20  -6.30      dn 8-dn 3
 14 pct protein
      Jul            mostly $ 6.90 , ranging  $6.80  -6.90      dn 8-dn 13
      FH Aug                                  $6.80  -6.95      dn 8
      LH Aug                                  $6.80  -6.95      dn 8-dn 3
 15 pct protein                               $7.20  -7.30      dn 8-dn 3
 16 pct protein                               $7.60  -7.70      dn 8-dn 3
_
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                      $7.6375 -7.7875    up 42.5
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $7.5500 -7.9875    up 33.75-up
43.75
_
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