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 and barley bids are for full April delivery. Bids for corn are for 30 day delivery.

May wheat futures trended 25-1/2 to 37-3/4 cents per bushel lower in midmorning trading compared with Monday's closes.

Bids for US 1 Soft White Wheat for April delivery by unit trains and barges and were not available in early trading as several exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April delivery trended 25 cents per bushel lower than Monday's noon bids due to the moderately lower Kansas City May wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for April delivery were not well tested in early trading, but were indicated as 24 to 29 cents per bushel lower than Monday's noon bids. Moderately lower Minneapolis May wheat futures pressured bids, although some exporters raised their basis which tempered declines somewhat. Protein scales for non-guaranteed 14.0 percent protein were plus 35 to 40

cents each 1/4 of a percent of protein up to 16 percent protein and minus 40 to 45 cents each 1/4 of a percent of protein down to 13 percent protein. Some exporters are bidding a premium for guaranteed dark and guaranteed 14 percent protein dark northern spring wheat.

Bids for US 2 barley for April delivery were not well tested.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 37-1/2 to 38-3/4 cents per cwt lower than Monday's noon bids in reaction to the lower Chicago May corn futures. Bids for corn bids truck delivered to the Yakima Valley were not well tested.

All wheat bids in dollars per bushel

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

Apr NA

May $ 7.90 -8.00

Jun $ 7.90 -8.00

Jul $ 7.90 -8.00

Aug NC $ 7.90 -8.00

_

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

Apr NA

* Not fully established.

_

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

Ordinary protein $ 7.84 -8.04

10 pct protein $ 7.84 -8.04

11 pct protein $ 8.74 -8.94

11.5 pct protein

Apr $ 9.19 -9.39

Aug NC $ 9.05

12 pct protein $ 9.49 -9.79

13 pct protein $ 10.14-10.59

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 $ 9.87 -10.17

14 pct protein

Apr $ 11.67-11.92

Aug NC $ 10.42-10.67

GTN Dark, GTN 14% Apr $ 12.02-12.27

15 pct protein $ 13.07-13.52

16 pct protein $ 14.47-15.12

* Not fully established.

_

US 2 Barley in 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 $15.2250 -15.3000

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley NA

_

US 2 Heavy White Oats in dollars per CWT** $10.2500

** Not well tested.

Exporter Bids Portland Rail/Barge Mar 2011

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges $7.44

No. 1 Hard Red Winter (Ordinary protein) $7.63

No. 1 Hard Red Winter (11.5% protein) $8.85

No. 1 Dark Northern Spring (14% protein) $11.50

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR

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