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Portland daily grain report for Wednesday, Oct. 10, 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 steady to 5.50 cents per bushel higher than Tuesday'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 4.75 to 5.50. Several exporters were not issuing bids for nearby 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 steady compared to Tuesday's noon bids for October delivery. 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 fully established in early trading, but bids were indicated as 2.25 cents per bushel higher compared to Tuesday's noon bids. Higher Minneapolis December wheat futures supported cash bids. Several 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 11.25 cents per cwt lower compared to Tuesday's noon bids. Lower Chicago December corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley trended 11.25 cents per cwt lower than Tuesday's noon bids in reaction to the lower Chicago December corn futures.






All wheat bids in dollars per bushel



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



Oct mostly 8.7850, ranging 8.6975-8.8475



Nov 8.8475-8.9475



Dec 8.9475-9.0000



Jan 9.0000-9.1125



Feb 9.0000-9.1125



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



Oct mostly 8.7850, ranging 8.6975-8.8475



*Not fully established.



_



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



Ordinary protein 9.0775-9.3275



10 pct protein 9.0775-9.3275



11 pct protein 9.2875-9.4675



11.5 pct protein



Oct 9.3875-9.5375



12 pct protein 9.4175-9.5575



13 pct protein 9.4775-9.5975



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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) *



13 pct protein 9.7025-9.8925



14 pct protein



Oct 9.9025-10.0525



15 pct protein 9.9025-10.0525



16 pct protein 9.9025-10.0525



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US 2 Yellow Corn in dollars per CWT



Domestic-single rail cars



Delivered full coast-BN NA



Delivered to Portland 15.0125-15.0500



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley 14.6875-15.3500






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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