Portland daily grain report for Monday, Nov. 12, 2012

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

Bids for grains delivered to Portland, Ore., during November 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 November delivery. Bids for corn are for 30 day delivery.

December wheat futures trended 23.25 to 28.50 cents per bushel lower than Friday's closes. March Minneapolis wheat futures were 25.50 cents per bushel lower than Friday's closes.

Bids for US 1 Soft White Wheat for November delivery in unit trains or barges were not available in early trading as most exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for November delivery were not fully established in early trading, but were indicated as 23.25 cents per bushel lower than Friday's noon bids for November delivery. Lower Kansas City December wheat futures pressured bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for November delivery were not fully established in early trading, but bids were indicated as 20.50 to 25.50 cents per bushel lower compared to Friday's noon bids for November delivery. Lower Minneapolis December and March wheat futures pressured cash bids, however a higher basis bid by some exporters supported bids somewhat.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 42.50 cents per cwt lower compared to Friday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 42.50 to 43.75 cents per cwt lower compared to Friday's noon

bids. Lower Chicago December corn futures pressured cash corn bids.

All wheat bids in dollars per bushel

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

Nov NA

Dec 8.6300-8.7300

Jan 8.7275-9.0000

Feb 8.7775-9.0000

Mar 8.8000-9.0000

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

Nov NA

*Not fully established.

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

Ordinary protein 9.5400-9.5900

10 pct protein 9.5400-9.5900

11 pct protein 9.7200-9.7900

11.5 pct protein

Nov 9.7900-9.8900

12 pct protein 9.8100-9.9400

13 pct protein 9.8500-10.0400

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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 9.9000-10.0700

14 pct protein

Nov 10.1000-10.2300

15 pct protein 10.1000-10.2300

16 pct protein 10.1000-10.2300

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.8375-14.8500

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.3125-14.6375

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

** Not well tested.

Exporter Bids Portland Rail/Barge Oct 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.7500

US 1 Hard Red Winter (Ordinary protein) 9.3900

US 1 Hard Red Winter (11.5% protein) 9.6600

US 1 Dark Northern Spring (14% protein) 10.1700

Source: USDA Market News Service, Portland, OR