Portland Daily Grain Report for Friday, Sept. 28, 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 33.75 to 43 cents per bushel higher than Thursday'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 25 to 28.50 cents per bushel higher than Thursday's noon bids for October delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October delivery were not fully established in early trading, but were indicated as 33.75 cents per bushel higher than Thursday's noon bids for October delivery. Bids were supported by the sharply higher Kansas City December wheat futures. 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 were not fully established in early trading, but were indicated as 38 cents per bushel higher compared to Thursday's noon bids for October delivery, in following the sharply higher Minneapolis December wheat futures. 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 71.25 to 72.50 cents per cwt higher compared to Thursday's noon bids. Corn bids truck delivered to the Yakima Valley trended 71.25 cents per cwt higher than Thursday's noon bids. Sharply higher Chicago December corn futures supported cash corn bids.

All wheat bids in dollars per bushel

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

Oct mostly 8.8400, ranging 8.6500-9.0350

Nov 8.7500-9.0850

Dec 9.0000-9.1350

Jan 9.1000-9.1875

Feb 9.1000-9.1875

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

Oct mostly 8.8400, ranging 8.6500-9.0350

*Not fully established.

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

Ordinary protein 9.2700-9.3100

10 pct protein 9.2700-9.3100

11 pct protein 9.4700-9.5200

11.5 pct protein

Oct 9.5700-9.6200

12 pct protein 9.5700-9.6200

13 pct protein 9.5700-9.6200

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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 9.8225-9.9725

14 pct protein

Oct 10.0225-10.1725

15 pct protein 10.0225-10.1725

16 pct protein 10.0225-10.1725

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.3750-15.4375

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.6500-15.7125

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.