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 mixed, from 3/4 of a cent lower to one cent per bushel higher compared to Monday's closes, with the decline in Chicago, and the advances in Kansas City and Minneapolis.

Bids for US 1 Soft White Wheat for April delivery in unit trains or barges were not fully established in early trading but were indicated as five cents per bushel higher than Monday's noon bids for April delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April delivery trended mixed, from four cents lower to one cent per bushel higher than Monday's noon bids. Slightly higher Kansas City May wheat futures supported bids, however a lower basis bid by some exporters pressured bids. Bids were not fully established in early trading.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for April delivery trended one cent per bushel higher than Monday's noon bids. Cash bids were supported by slightly higher Minneapolis May wheat futures. Bids were not fully established in early trading. Protein scales for non-guaranteed 14.0 percent protein were plus five

cents each 1/4 of a percent of protein up to 16 percent protein and minus

15 cents each 1/4 of a percent of protein down to 13 percent protein.

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 17-1/2 to 18-3/4 cents per cwt higher compared to Monday's noon bids. Corn bids truck delivered to the Yakima Valley trended 17-1/2 to 22-1/2 cents per cwt higher than Monday's noon bids. Higher Chicago May corn futures and a higher basis bid by some corn traders supported cash corn bids.

All wheat bids in dollars per bushel

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

Apr mostly 7.05, ranging 7.00-7.10

May 7.00-7.10

Jun 6.95-7.05

Jul 6.75-6.95

Aug NC 6.70-6.75

_

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

Apr mostly 7.05, ranging 7.00-7.10

* Not fully established.

_

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

Ordinary protein 6.91-7.01

10 pct protein 6.91-7.01

11 pct protein 7.51-7.61

11.5 pct protein

Apr 7.76-7.91

Aug NC 7.49-7.54

12 pct protein 7.96-8.16

13 pct protein 8.36-8.71

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 9.30-9.40

14 pct protein

Apr 9.90-10.00

Aug NC 9.23-9.43

15 pct protein 10.10-10.20

16 pct protein 10.30-10.40

* Not fully established.

_

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 14.1250-14.1750

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.7250-14.3375

_

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

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR

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