Portland daily grain report for Wednesday, Sept. 26, 2012

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

Bids for grains delivered to Portland, Oregon 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 11.50 to 13.50 cents per bushel lower 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 five to 16.50 cents per bushel lower than Tuesday's noon bids for October delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery trended 11.50 cents per bushel lower than 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 trended 12.25 cents per bushel lower compared to Tuesday's noon bids for October delivery. Some 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 33.75 to 67.50 cents per cwt lower compared to Tuesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 28.75 cents per cwt lower than Tuesday's noon bids. Lower Chicago December corn futures and a lower basis bid by some corn traders pressured cash corn bids.

All wheat bids in dollars per bushel

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

Oct mostly 8.6450, ranging 8.5500-8.7500

Nov 8.7000-8.8500

Dec 8.8000-8.9000

Jan 8.8500-8.9500

Feb 8.9000-9.0000

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

Oct mostly 8.6450, ranging 8.5500-8.7500

*Not fully established.

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

Ordinary protein 9.1450-9.1850

10 pct protein 9.1450-9.1850

11 pct protein 9.3450-9.3950

11.5 pct protein

Oct 9.4450-9.4950

12 pct protein 9.4450-9.4950

13 pct protein 9.4450-9.4950

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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 9.6000-9.6400

14 pct protein

Oct 9.8000

15 pct protein 9.8000

16 pct protein 9.8000

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.8750-14.9250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.1375-15.2125

US 2 Heavy White Oats in dollars per CWT ** 12.5000

** Not well tested.

Exporter Bids Portland Rail/Barge Aug 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.6900

US 1 Hard Red Winter (Ordinary protein) 9.0700

US 1 Hard Red Winter (11.5% protein) 9.3300

US 1 Dark Northern Spring (14% protein) 9.7900

Source: USDA Market News Service, Portland, OR