Portland Daily Grain Report for Friday, Oct. 5, 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 2.50 to six cents per bushel lower 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 4.25 to six cents per bushel lower 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 2.50 cents per bushel lower than Thursday's noon bids for October delivery. Bids were pressured by the lower 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 available in early trading 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 12.50 cents per cwt lower compared to Thursday's noon bids. Corn bids truck delivered to the Yakima Valley trended 13.75 cents per cwt lower than Thursday'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 *

Oct mostly 8.6475, ranging 8.5000-8.7825

Nov 8.6500-8.8825

Dec 8.7000-8.9500

Jan 8.9000-9.0375

Feb 8.9000-9.0375

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

Oct mostly 8.6475, ranging 8.5000-8.7825

*Not fully established.

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

Ordinary protein 9.0325-9.2825

10 pct protein 9.0325-9.2825

11 pct protein 9.2425-9.4225

11.5 pct protein

Oct 9.3425-9.4925

12 pct protein 9.3725-9.5125

13 pct protein 9.4325-9.5525

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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

Oct 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 15.2625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.9375-15.6000

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

** Not well tested.

Exporter Bids Portland Rail/Barge Sep 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.7700

US 1 Hard Red Winter (Ordinary protein) 9.2700

US 1 Hard Red Winter (11.5% protein) 9.4900

US 1 Dark Northern Spring (14% protein) 9.8600

Source: USDA Market News Service, Portland, Ore.