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

Bids for grains delivered to Portland, Oregon during January 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 January delivery. Bids for corn are for 30 day delivery.

March wheat futures trended 4.50 to 6.50 cents per bushel lower compared to Wednesday's closes.

Bids for US 1 Soft White Wheat for January delivery in unit trains or barges were not fully established, but bids trended six to 6.50 cents per bushel lower than Wednesday's noon bids for January delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January delivery were not fully established in early trading, but were indicated as generally 6.50 cents per bushel lower compared to Wednesday's noon bids for January delivery. Lower Kansas City March wheat futures pressured cash bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for January delivery were not well tested in early trading, but bids were indicated as 4.50 cents per bushel lower than Wednesday's noon bids for the same delivery period, following the lower Minneapolis March wheat futures.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 2.50 to 3.75 cents per cwt lower compared to Wednesday's noon bids. Lower Chicago March corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley trended 3.75 cents per cwt lower compared to Wednesday's noon bids.

All wheat bids in dollars per bushel

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

Jan mostly 8.3900, ranging 8.3350-8.4350

Feb 8.3850-8.5000

Mar 8.4350-8.5000

Apr 8.4500-8.5400

May NA

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

Jan mostly 8.3900, ranging 8.3350-8.4350

*Not fully established.

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

Ordinary protein 8.7500-8.9200

10 pct protein 8.7500-8.9200

11 pct protein 8.9500-9.0600

11.5 pct protein

Jan 9.0500-9.1300

12 pct protein 9.1000-9.1800

13 pct protein 9.1900-9.2800

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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 9.2650-9.3650

14 pct protein

Jan 9.4450-9.5650

15 pct protein 9.4450-9.5650

16 pct protein 9.4450-9.5650

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.3875-14.5250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.9000-14.7375

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

** Not well tested.

Exporter Bids Portland Rail/Barge Nov 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.8700

US 1 Hard Red Winter (Ordinary protein) 9.6200

US 1 Hard Red Winter (11.5% protein) 9.9000

US 1 Dark Northern Spring (14% protein) 10.2100

Source: USDA Market News Service, Portland, Ore.