Portland Daily Grain Report for Thursday, Nov. 8, 2012

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

Bids for grains delivered to Portland, Oregon 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 3.25 to eight cents per bushel higher than Wednesday's closes. March Minneapolis wheat futures were 5.25 cents per bushel higher than Wednesday's closes.

Bids for US 1 Soft White Wheat for November delivery in unit trains or barges were not well tested in early trading, but bids were indicated as steady to eight cents per bushel higher than Wednesday's noon bids for November 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 4.50 cents per bushel higher compared to Wednesday's noon bids for November delivery. Bids were supported by the higher Kansas City December wheat futures.

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 3.25 to 5.25 cents per bushel higher compared to Wednesday's noon bids for November delivery. Higher Minneapolis December and March wheat futures supported cash bids.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 1.25 cents per cwt higher compared to Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 1.25 to 2.50 cents per cwt higher compared to Wednesday's noon bids. 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 *

Nov mostly 9.0350, ranging 8.9500-9.1200

Dec 8.9500-9.1700

Jan 9.0500-9.2625

Feb 9.1500-9.3125

Mar 9.1800-9.3625

_

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

Nov mostly 9.0350, ranging 8.9500-9.1200

*Not fully established.

_

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

Ordinary protein 9.8600-9.9600

10 pct protein 9.8600-9.9600

11 pct protein 10.0600-10.1600

11.5 pct protein

Nov 10.1600-10.2600

12 pct protein 10.1800-10.3100

13 pct protein 10.2200-10.4100

_

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 10.2300-10.4500

14 pct protein

Nov 10.4300-10.6100

15 pct protein 10.4300-10.6100

16 pct protein 10.4300-10.6100

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.3750-15.3875

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.8625-15.1750

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, Ore.