Bids as of 11:30 a.m.; subject to change.

Bids for grains delivered to Portland, Ore., during May by unit trains and barges, in dollars per bushel, except oats and corn, in dollars per cwt. Bids for soft white wheat are for delivery periods as specified. All other wheat bids are for full May delivery. Bids for corn are for 30 day delivery.

July wheat futures closed 10-1/4 to 24-3/4 cents per bushel higher than Monday's closes.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges during May were steady to ten cents per bushel higher compared to Monday's noon bids for May delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May Portland delivery trended 13 cents per bushel higher than Monday's bids for May delivery. Higher Kansas City July wheat futures supported bids.

Bids for 14 percent protein US 1 Dark Northern Spring Wheat for May delivery trended 25 to 30 cents per bushel higher compared to Monday's noon bids for May delivery. A higher basis bid by some exporters and higher Minneapolis July wheat futures supported cash bids.

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 rain cars trended 25 to 26-1/4 cents per cwt higher compared to Monday's noon bids. Corn bids truck delivered to the Yakima Valley trended 25 cents per cwt higher compared to Monday's noon bids. Higher Chicago July corn futures supported cash bids.

All wheat bids in Dollars per bushel

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

May mostly 6.71, ranging 6.60-6.90 unch-up 10

Jun 6.60-6.90 unch-up 10

FH Jul 6.50-6.85 up 5-10

LH Jul 6.50-6.80 up 5-10

Aug NC 6.50-6.70 up 5

Sep 6.50-6.75 up 5-6

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

May mostly 6.71, ranging 6.60-6.90 unch-up 10

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

Ordinary protein mostly 6.45, ranging 6.38-6.53 up 13

10 pct protein mostly 6.45, ranging 6.38-6.53 up 13

11 pct protein 6.93-7.03 up 13

11.5 pct protein

May mostly 7.28, ranging 7.18-7.33 up 13

Aug NC 6.83-6.93 up 12

12 pct protein 7.38-7.58 up 13

13 pct protein mostly 7.95, ranging 7.78-8.08 up 13

13 pct protein- NA

Milling Quality Montana Origin

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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 8.36-8.46 up 30-25

14 pct protein

May mostly 9.00, ranging 8.96-9.06 up 30-25

Aug 1-10 8.55-8.70 up 23-18

Aug 11-20 8.45-8.70 up 13-18

Aug 21-31 8.45-8.55 up 23-18

15 pct protein 9.16-9.26 up 30-25

16 pct protein 9.36-9.46 up 30-25

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 13.4375-13.4500 up 26.25-25.00

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 12.7125-13.5000 up 25

US 2 Heavy White Oats in dollars per CWT 12.50 unch

Exporter Bids Portland Rail/Barge Apr 2012

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 7.03

No. 1 Hard Red Winter (Ordinary protein) 6.64

No. 1 Hard Red Winter (11.5% protein) 7.52

No. 1 Dark Northern Spring (14% protein) 9.59

Source: USDA Market News Service, Portland, OR

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