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

Bids for grains delivered to Portland, Ore., during February 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 and barley bids are for full February delivery. Bids for corn are for 30 day delivery.

March wheat futures trended mixed, from two cents lower to six cents per bushel higher in early trading compared to Tuesday's closes.

Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were not well tested in early trading, but trended steady to five cents per bushel higher compared to Tuesday's bids for February delivery. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February delivery were not well tested in early trading, but bids were indicated as steady to two cents per bushel lower than Tuesday's noon bids in lining up with the lower Kansas City March wheat futures, however a higher basis bid by some exporters tempered the declines.

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

Bids for US 2 Barley for February delivery were not well tested.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 1-1/4 cents per cwt higher than Tuesday's noon bids. Corn truck delivered to the Yakima Valley also advanced by 1-1/4 cents per cwt compared to Tuesday's noon bids. Slightly higher Chicago March corn futures supported cash corn bids.

All wheat bids in dollars per bushel

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

Feb mostly 7.07, ranging 6.70-7.15

Mar 6.90-7.15

Apr 7.05-7.15

May 7.00-7.15

Jun 7.00-7.10

Aug NC 6.80-7.00

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

Feb mostly 7.07, ranging 6.70-7.15

* Not fully established.

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

Ordinary protein 6.73-6.87

10 pct protein 6.73-6.87

11 pct protein 7.43-7.50

11.5 pct protein

Feb 7.77-7.85

Aug NC 7.56-7.66

12 pct protein 8.02-8.15

13 pct protein 8.68-8.90

13 pct protein- NA

Milling Quality Montana Origin

* Not fully established.

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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) *

12 pct protein NA

13 pct protein NA

14 pct protein

Feb NA

Aug NC 8.59-8.69

15 pct protein NA

16 pct protein NA

* Not fully established.

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US 2 Barley 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.

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 13.7125-13.7625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.1625-13.8750

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US 2 Heavy White Oats in dollars per CWT** 11.00

** Not well tested.

Exporter Bids Portland Rail/Barge Jan 2012

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 6.27

No. 1 Hard Red Winter (Ordinary protein) 6.48

No. 1 Hard Red Winter (11.5% protein) 7.48

No. 1 Dark Northern Spring (14% protein) 9.42

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR