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. 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 5-1/2 cents per bushel higher than Monday's closes.

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 three to 5-3/4 cents per bushel higher 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 3-1/4 cents per bushel higher compared to Monday's noon bids for August delivery. The higher Kansas City September wheat futures supported bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for August delivery were not available in early trading as most exporters were not issuing bids for nearby delivery.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended steady to 3-3/4 cents per cwt higher compared to Monday's noon bids. A higher basis bid by some corn traders supported cash bids. Corn bids truck delivered to the Yakima Valley trended steady 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 8.6350, ranging 8.6000-8.6575

Sep 8.6000-8.7000

Oct 8.6000-8.7000

Nov 8.7000-8.7500

Dec 8.7000-8.8000

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

Aug mostly 8.6350, ranging 8.6000-8.6575

*Not fully established.

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

Ordinary protein 8.8625-9.2125

10 pct protein 8.8625-9.2125

11 pct protein 9.0625-9.3125

11.5 pct protein

Aug 9.1625-9.3625

12 pct protein 9.1625-9.3625

13 pct protein 9.1625-9.3625

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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) *

13 pct protein NA

14 pct protein

Aug NA

15 pct protein NA

16 pct protein NA

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 16.5125-16.6875

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 16.2375-16.7375

US 2 Heavy White Oats in dollars per CWT ** 11.5000

** Not well tested.

Exporter Bids Portland Rail/Barge Jul 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.5300

US 1 Hard Red Winter (Ordinary protein) 8.6600

US 1 Hard Red Winter (11.5% protein) 9.1700

US 1 Dark Northern Spring (14% protein) 10.3400

Source: USDA Market News Service, Portland, OR

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