Bids as of 9:30 a.m.; 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 and barley bids are for full December delivery. Bids for corn are for 30 day delivery.

March wheat futures trended 1-3/4 to 8-1/2 cents per bushel lower compared to Thursday's noon futures closes.

Bids for US 1 Soft White Wheat for December delivery in unit trains or barges were not fully established in early trading but were indicated as five to 15 cents per bushel lower compared to Thursday's noon bids.

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 nine to 11 cents per bushel lower in response to the lower Kansas City March wheat futures in early trading, and a lower basis bid by some traders.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were not fully established in early trading, but were indicated as one cent per bushel lower than Thursday's noon bids. Protein scales for non-guaranteed 14.0 percent protein were plus 10 to 20 cents each 1/4 of a percent of protein up to 16 percent protein and minus 25 to 30 cents each 1/4 of a percent of protein down to 13 percent protein.

Bids for US 2 Barley for December delivery were not well tested.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 21-1/4 cents per cwt lower, and bids for truck delivered to the Yakima Valley were also 21-1/4 cents per cwt lower in response to the lower Chicago March corn futures.

All wheat bids in dollars per bushel

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

Dec mostly 5.82, ranging 5.80-5.85

Jan 5.80-5.90

Feb 5.90-5.95

Mar 5.90-5.95

Apr 5.90-6.00

_

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

Dec mostly 5.82, ranging 5.80-5.85

* Not fully established.

_

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

Ordinary protein 6.03-6.17

10 pct protein 6.03-6.17

11 pct protein 6.65-6.77

11.5 pct protein

Dec 6.95-7.10

12 pct protein 7.25-7.40

13 pct protein 7.75-8.30

13 pct protein- NA

Milling Quality Montana Origin

* Not fully established.

_

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) *

12 pct protein NA

13 pct protein 8.40-8.60

14 pct protein

Dec 9.60

15 pct protein 10.00-10.40

16 pct protein 10.40-11.20

* Not fully established.

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US 2 Barley dollars per CWT

Unit trains & Barges-export (45 lbs.) * NA

Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)

Delivered to Portland NA

Delivered to inland feeding areas NA

FOB inland Country Elevators NA

* Not fully established.

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 12.7750

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 12.1875-12.9875

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US 2 Heavy White Oats in dollars per CWT** 10.50

** Not well tested.

Exporter Bids Portland Rail/Barge Nov 2011

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 6.05

No. 1 Hard Red Winter (Ordinary protein) 6.54

No. 1 Hard Red Winter (11.5% protein) 7.51

No. 1 Dark Northern Spring (14% protein) 10.01

No. 2 Barley NA

Source: USDA Market News Service, Portland, Ore.

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