Portland Daily Grain Report for Friday, Nov. 9, 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 steady to 0.75 of a cent per bushel higher than Thursday's closes. March Minneapolis wheat futures were 1.50 cents per bushel higher than Thursday'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 10 cents per bushel lower than Thursday'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 steady with Thursday's noon bids for November delivery.

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 0.75 to 1.75 cents per bushel higher compared to Thursday'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 18.75 cents per cwt higher compared to Thursday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 18.75 cents per cwt higher compared to Thursday'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 8.9875, ranging 8.9500-9.0250

Dec 8.9500-9.0750

Jan 9.0500-9.1650

Feb 9.1500-9.2150

Mar 9.1800-9.2650

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

Nov mostly 8.9875, ranging 8.9500-9.0250

*Not fully established.

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

Ordinary protein 9.8700-9.9700

10 pct protein 9.8700-9.9700

11 pct protein 10.0700-10.1700

11.5 pct protein

Nov 10.1700-10.2700

12 pct protein 10.1900-10.3200

13 pct protein 10.2300-10.4200

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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 10.1950-10.4250

14 pct protein

Nov 10.3950-10.5850

15 pct protein 10.3950-10.5850

16 pct protein 10.3950-10.5850

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.5000-15.5125

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.9750-15.3000

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.