JO_GR110
Portland, OR         Mon  Aug 10, 2009     USDA Market News

Portland Daily Grain Report
Bids as of 9:30 a.m.;   Subject to change

   Bids for grains delivered to Portland, Oregon during August 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 August delivery.
Bids for corn are for 30 day delivery.

   September wheat futures in midday trading trended 5-1/4 to 7-1/2 cents
per bushel higher compared to Fridays closes.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein, for August Portland delivery were not well tested in early
trading but indicated as steady to 10 cents per bushel higher.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for August
delivery were not fully established in early trading but were indicated
as six cents per bushel higher in lining up with the higher Kansas City
September wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for August
delivery were not fully established in early trading but were indicated
as six to 11 cents per bushel higher in a limited test.  Higher
Minneapolis September spring wheat futures and a higher basis bid by some
exporters were supportive to bids.

   Bids for US 2 Barley for August delivery were not available.

   Bids for US 2 Yellow Corn were 16-1/4 to 17-1/2 cents per cwt higher
than Mondays noon bids due to higher Chicago September corn futures in
early trading.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
      FH Aug             mostly $4.95 , ranging  $ 4.90 -5.00
      LH Aug             mostly $4.95 , ranging  $ 4.90 -5.05
      FH Sep                                     $ 5.00 -5.10
      LH Sep                                     $ 5.00 -5.15
      FH Oct                                     $ 5.15 -5.20
      LH Oct                                     $ 5.22 -5.25
      Nov                                        $ 5.27 -5.30
      Dec                                        $ 5.32 -5.35
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      FH Aug      ***    mostly $4.95 , ranging  $ 4.90 -5.00
      LH Aug      ***    mostly $4.95 , ranging  $ 4.90 -5.05
      FH Sep      ***                            $ 5.00 -5.10
      LH Sep      ***                            $ 5.00 -5.15
      FH Oct      ***                            $ 5.15 -5.20
      LH Oct      ***                            $ 5.22 -5.25
      Nov         ***                            $ 5.27 -5.30
      Dec         ***                            $ 5.32 -5.35
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
      FH Aug             mostly $6.70 , ranging  $ 6.50 -6.90
      LH Aug             mostly $6.70 , ranging  $ 6.55 -6.90
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      FH Aug      ***    mostly $6.70 , ranging  $ 6.50 -6.90
      LH Aug      ***    mostly $6.70 , ranging  $ 6.55 -6.90
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                              $ 5.06 -5.11
   10 pct protein                                $ 5.06 -5.11
   11 pct protein                                $ 5.46 -5.51
   11.5 pct protein
      Aug                                        $ 5.66 -5.71
   12 pct protein                                $ 5.76 -5.81
   13 pct protein                                $ 6.01 -6.06
   13 pct protein-                                 NA
      Milling Quality Montana Origin
 * Not fully established.
_
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                                $ 5.34 -5.44
   13 pct protein                                $ 5.94 -6.04
   14 pct protein
      Aug                                        $ 6.54 -6.64
   15 pct protein                                $ 6.94 -7.04
   16 pct protein                                $ 7.34 -7.44
 * Not fully established.
_
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
 * Not fully established.
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                       NA
  Delivered to Portland                        $7.6375  -7.7750
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $7.6375  -7.9750
_
US 2 Heavy White Oats in dollars per CWT**     $7.5000
 ** Not well tested.

Exporter Bids Portland Rail/Barge     Jul 2009
  Averages in Dollars per bushel

  No. 1 Soft White                             $5.32
  No. 1 Hard Red Winter (Ordinary protein)     $5.38
  No. 1 Hard Red Winter (11.5% protein)        $5.97
  No. 1 Dark Northern Spring (14% protein)     $7.02
  No. 2 Barley                                  NA

Source:           USDA Market News Service, Portland, OR