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

Bids for grains delivered to Portland, Ore., during August 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. Bids for 11.5 percent protein hard red winter wheat are split for first and last half August delivery. All other wheat bids are for full August delivery. Bids for corn are for 30 day delivery.

September wheat futures in early morning trading trended 3-1/4 to 11 cents per bushel lower than Monday's closes. Minneapolis December wheat futures trended 4-1/2 cents per bushel lower than Monday's close.

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

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for full August delivery trended ten cents per bushel lower than Monday's noon bids for August delivery, with pressure coming from the lower Kansas City September wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for August delivery were not available as some exporters are not issuing bids for nearby delivery. Protein scales were four to seven cents each 1/4 percent protein down to 13 percent protein and zero cents each 1/4 percent protein up to 16 percent protein.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 3-3/4 cents per cwt higher compared to Monday's noon bids. The higher Chicago September corn futures supported cash bids. Corn bids truck delivered to the Yakima Valley also trended 3-3/4 cents per cwt higher compared to Monday's noon bids.

All wheat bids in dollars per bushel

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

Aug mostly 8.45, ranging 8.40-8.50

Sep 8.40-8.50

Oct 8.30-8.45

Nov 8.40-8.50

Dec 8.40-8.50

_

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

Aug mostly 8.45, ranging 8.40-8.50

* Not fully established.

_

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

Ordinary protein 8.68-8.96

10 pct protein 8.68-8.96

11 pct protein 8.88-9.05

11.5 pct protein

FH Aug 8.98-9.08

LH Aug 8.98-9.10

12 pct protein 8.98-9.10

13 pct protein 8.98-9.10

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 NA

14 pct protein

Aug NA

15 pct protein NA

16 pct protein NA

* Not fully established.

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 16.4250-16.5125

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 16.0625-16.5000

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US 2 Heavy White Oats in dollars per CWT** 11.50

** Not well tested.

Exporter Bids Portland Rail/Barge Jul 2012

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 8.53

No. 1 Hard Red Winter (Ordinary protein) 8.66

No. 1 Hard Red Winter (11.5% protein) 9.17

No. 1 Dark Northern Spring (14% protein) 10.34

Source: USDA Market News Service, Portland, OR

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