Portland Daily Grain Report for Friday, Dec. 7, 2012

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

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

March wheat futures trended steady to 5.75 cents per bushel lower compared to Thursday's closes.

Bids for US 1 Soft White Wheat for December delivery in unit trains or barges trended 5.75 cents per bushel lower than Thursday's bids for December delivery. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery were not fully established in early trading, but were indicated as steady cents per bushel lower compared to Thursday's noon bids for December delivery.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were not well tested in early trading, but bids were indicated as generally 4.75 cents per bushel lower than Thursday's noon bids for the same delivery period, following the lower Minneapolis March 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 20 cents per cwt lower compared to Thursday's noon bids. Lower Chicago March corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley were 20 to 21.25 cents per cwt lower compared to Thursday's noon bids.

All wheat bids in dollars per bushel

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

Dec mostly 8.7875, ranging 8.7625-8.8125

Jan 8.8500-9.0000

Feb 8.9000-9.0000

Mar 8.9000-9.0300

Apr 8.9000-9.0600

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

Dec mostly 8.7875, ranging 8.7625-8.8125

*Not fully established.

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

Ordinary protein 9.6700-9.7600

10 pct protein 9.6700-9.7600

11 pct protein 9.8500-9.9000

11.5 pct protein

Dec 9.9200-9.9700

12 pct protein 9.9400-10.0200

13 pct protein 9.9800-10.1200

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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 9.9550-9.9950

14 pct protein

Dec 10.1550

15 pct protein 10.1550

16 pct protein 10.1550

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.2500-15.4125

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.7625-15.2875

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

** Not well tested.

Exporter Bids Portland Rail/Barge Nov 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.8700

US 1 Hard Red Winter (Ordinary protein) 9.6200

US 1 Hard Red Winter (11.5% protein) 9.9000

US 1 Dark Northern Spring (14% protein) 10.2100

Source: USDA Market News Service, Portland, Ore.