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

Bids for grains delivered to Portland, Ore., during April 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 April delivery. Bids for corn are for 30 day delivery.

July wheat futures trended 1-1/2 to 6-1/4 cents per bushel lower in early trading compared to Friday's July closes.

Bids for US 1 Soft White Wheat for April delivery in unit trains or barges were not well tested in early trading, but trended mixed, from five cents lower to five cents per bushel higher compared to Friday's noon bids for April delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April delivery were not well tested in early trading, but bids were indicated as four to instances of 21 cents per bushel lower compared to Friday's noon bids, with pressure coming from the lower Kansas City July wheat futures. Some exporters are not issuing bids for nearby delivery. Exporters have switched their basis to over the July wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for April delivery were not well tested, but bids were indicated as five to ten cents per bushel lower than Friday's noon bids. Bids were pressured by the lower Minneapolis July wheat futures, and a lower basis bid by some exporters. Protein scales were down 15 cents per 1/4 percent protein down to 13 percent protein and up five cents per 1/4 percent protein up to 16 percent protein.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended steady compared to Friday's noon bids. Corn bids truck delivered to the Yakima Valley trended steady to 1-1/4 per cwt higher compared to Friday's noon bids. Slightly higher Chicago July corn futures supported bids.

All wheat bids in dollars per bushel

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

Apr mostly 7.15, ranging 7.05-7.15

May 7.10-7.15

Jun 7.00-7.15

July 6.80-6.95

LH July 6.61-6.80

Aug NC 6.65-6.75

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

Apr mostly 7.15, ranging 7.05-7.15

* Not fully established.

_

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

Ordinary protein 6.63-6.73

10 pct protein 6.63-6.73

11 pct protein 7.23-7.28

11.5 pct protein

Apr 7.48-7.58

Aug NC 7.15

12 pct protein 7.68-7.78

13 pct protein 8.08-8.33

13 pct protein- NA

Milling Quality Montana Origin

* Not fully established.

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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) *

12 pct protein NA

13 pct protein 8.54-8.59

14 pct protein

Apr 9.14-9.19

Aug NC 8.67-8.82

15 pct protein 9.34-9.39

16 pct protein 9.54-9.59

* Not fully established.

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 13.6750-13.9375

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.2250-13.4625

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US 2 Heavy White Oats in dollars per CWT** 12.50

** Not well tested.

Exporter Bids Portland Rail/Barge Mar 2012

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 7.07

No. 1 Hard Red Winter (Ordinary protein) 6.90

No. 1 Hard Red Winter (11.5% protein) 7.79

No. 1 Dark Northern Spring (14% protein) 9.56

Source: USDA Market News Service, Portland, OR

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