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Portland daily grain report for Tuesday, Oct. 12, 2010


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



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



December wheat futures in midday trading were 3/4 of a cent to six cents per bushel higher compared to Monday's closes.



Bids for US 1 Soft White Wheat for October delivery by unit trains or barges were not well tested in early trading, but were indicated as steady to ten cents per bushel lower than Monday's noon bids.



Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery were not well tested in early trading. Several 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 also not fully established in early trading as most exporters were not issuing bids for nearby delivery.



Bids for US 2 barley for October delivery were not well tested.



Bids for US 2 Yellow Corn delivered to Portland in single rail cars and truck delivered to inland feeding areas advanced by 3-3/4 to 18-3/4 cents per cwt in reaction to the higher Chicago December corn futures, however a lower basis bid by some corn traders pressured corn prices.



All wheat bids in dollars per bushel



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



Oct * mostly $5.95 , ranging $ 5.90 -6.00



Nov * $ 5.90 -6.20



US 1 Soft White Wheat - delivered by Rail ONLY **



Dec ** $ 6.25



Jan ** $ 6.30 -6.60



Feb ** $ 6.35 -6.70



_



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



Oct * mostly $6.12 , ranging $ 5.90 -6.50



* Not fully established.



_



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



Ordinary protein NA



10 pct protein NA



11 pct protein NA



11.5 pct protein



Oct NA



12 pct protein NA



13 pct protein NA



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 NA



13 pct protein NA



14 pct protein



Oct NA



15 pct protein NA



16 pct protein NA



* 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 $11.5375 -11.6125



Rail and Truck del to Willamette Vly NA



Rail del to Yakima Valley NA



Truck del to Yakima Valley $11.6375 -12.2500



_



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



** Not well tested.






Exporter Bids Portland Rail/Barge Sep 2010



Averages in Dollars per bushel






No. 1 Soft White by Unit Trains or Barges $6.46



No. 1 Hard Red Winter (Ordinary protein) $6.48



No. 1 Hard Red Winter (11.5% protein) $7.37



No. 1 Dark Northern Spring (14% protein) $8.38



No. 2 Barley NA






Source: USDA Market News Service, Portland, OR



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