Bids as of 9:30 a.m. Pacific time; 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 bids are for full February delivery. Bids for corn are for 30 day delivery.

March wheat futures trended 4.50 to 12 cents per bushel lower compared to Friday's closes.

Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were not fully established but were indicated as steady to 12 cents per bushel lower than Friday's noon 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 fully established in early trading but were indicated as 3.50 to 4.50 cents per bushel lower compared to Friday's noon bids for the same delivery period. Lower Kansas City March wheat futures pressured cash bids. Some exporters raised their basis which tempered the declines.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for February delivery were not fully established in early trading but were indicated as 11.50 to 19.50 cents per bushel lower than Friday's noon bids in reaction to the lower Minneapolis March wheat futures and a lower basis bid by some exporters.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended mixed, from ten cents lower to 1.25 cents per cwt higher than Friday's noon bids. Lower Chicago March corn futures were pressured cash corn bids in early trading, however a higher basis bid by some corn traders supported cash bids somewhat. Corn bids truck delivered to the Yakima Valley trended ten to 13.75 cents per cwt lower than Friday's noon bids.

All wheat bids in dollars per bushel

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

Feb mostly 8.6275, ranging 8.5300-8.7025

Mar 8.6200-8.7025

Apr 8.6500-8.7100

May 8.6500-8.7100

Aug NC 7.6775-7.9275

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

Feb mostly 8.6275, ranging 8.5300-8.7025

*Not fully established.

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

Ordinary protein 8.4900-8.8100

10 pct protein 8.4900-8.8100

11 pct protein 8.6900-8.9500

11.5 pct protein

Feb 8.7900-9.0300

Aug NC 8.5450-8.7450

12 pct protein 8.8400-9.0800

13 pct protein 8.9300-9.1800

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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 8.9800-9.1700

14 pct protein

Feb 9.1400-9.3700

Aug NC 9.2675-9.3175

15 pct protein 9.1400-9.3700

16 pct protein 9.1400-9.3700

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.4875-14.6125

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.3375-14.7875

US 2 Heavy White Oats in dollars per CWT ** 13.5000

** Not well tested.

Exporter Bids Portland Rail/Barge Jan 2013

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.5300

US 1 Hard Red Winter (Ordinary protein) 8.9100

US 1 Hard Red Winter (11.5% protein) 9.2100

US 1 Dark Northern Spring (14% protein) 9.4800

Source: USDA Market News Service, Portland, OR