Portland Daily Grain Report for Thursday, Sept. 20, 2012

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

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

December wheat futures trended steady to nine cents per bushel higher than Wednesday's closes.

Bids for US 1 Soft White Wheat for September delivery in unit trains or barges were not fully established in early trading but bids were indicated as 10 to 13.50 cents per bushel higher than Wednesday's noon bids for September delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for September delivery were not fully established in early trading but bids were indicated as steady compared to Wednesday's noon bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for September delivery were not available as most 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 6.25 to 7.50 cents per cwt lower compared to Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 6.25 cents per cwt lower than Wednesday'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 *

Sep mostly 8.8325, ranging 8.7500-8.9000

Oct 8.6000-8.9500

Nov 8.8500-9.0000

Dec 8.8800-9.0500

Jan 8.9500-9.1000

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

Sep mostly 8.8325, ranging 8.7500-8.9000

*Not fully established.

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

Ordinary protein 9.1900-9.3500

10 pct protein 9.1900-9.3500

11 pct protein 9.4000-9.4500

11.5 pct protein

Sep 9.5000

12 pct protein 9.5000

13 pct protein 9.5000

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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 NA

14 pct protein

Sep NA

15 pct protein NA

16 pct protein NA

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.6875-15.7625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.5875-15.8875

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, Ore.