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Portland daily grain report for Monday, Oct. 8, 2012


Bids as of 9:30 a.m. Pacific time; subject to change.



Bids for grains delivered to Portland, Ore., during October by unit trains and barges, 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 bids are for full October delivery. Bids for corn are for 30 day delivery.



December wheat futures trended 5.75 to 8.25 cents per bushel higher than Friday's closes.



Bids for US 1 Soft White Wheat for October delivery in unit trains or barges were not fully established in early trading but bids were indicated as mixed, from 10 cents lower to 7.25 cents per bushel lower than Friday's noon bids for October delivery.



Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery were not fully established in early trading, but were indicated as 8.25 cents per bushel higher than Friday's noon bids for October delivery in lining up with the higher Kansas City December wheat futures. Some exporters were not issuing bids for nearby delivery.



Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for October delivery were not available in early trading as most exporters were not issuing bids for nearby delivery.



Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 6.25 cents per cwt lower compared to Friday's noon bids. Corn bids truck delivered to the Yakima Valley trended five to 6.25 cents per cwt lower than Friday's noon bids. Lower Chicago December corn futures pressured cash corn bids.



All wheat bids in dollars per bushel



US 1 Soft White Wheat - delivered by Unit Trains and Barges *



Oct mostly 8.6225, ranging 8.4000-8.7975



Nov 8.5500-8.8975



Dec 8.6000-8.9475



Jan 8.9000-9.0525



Feb 8.9000-9.0525



_



US 1 White Club Wheat - delivered by Unit Trains and Barges *



Oct mostly 8.6225, ranging 8.4000-8.7975



*Not fully established.



_



US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *



Ordinary protein 9.0600-9.3100



10 pct protein 9.0600-9.3100



11 pct protein 9.2700-9.4500



11.5 pct protein



Oct 9.3700-9.5200



12 pct protein 9.4000-9.5400



13 pct protein 9.4600-9.5800



_



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) *



13 pct protein NA



14 pct protein



Oct NA



15 pct protein NA



16 pct protein NA



_



US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 15.1750



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley 14.8625-15.5125






US 2 Heavy White Oats in dollars per CWT ** 13.2500



** Not well tested.






Exporter Bids Portland Rail/Barge Sep 2012



Averages in Dollars per bushel






US 1 Soft White by Unit Trains and Barges 8.7700



US 1 Hard Red Winter (Ordinary protein) 9.2700



US 1 Hard Red Winter (11.5% protein) 9.4900



US 1 Dark Northern Spring (14% protein) 9.8600






Source: USDA Market News Service, Portland, OR



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