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

Bids for grains delivered to Portland, Ore., during April by rail or barge, 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 in midday trading trended 4-1/4 to 6-1/4 cents per bushel lower compared to Tuesday's closes.

Bids for US 1 Soft White Wheat for April delivery were not fully established in early trading but bids were indicated as follows steady compared to Tuesday's bids in a limited test in early trading.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for April delivery were not fully established in early trading but bids were indicated as seven cents per bushel lower compared to Tuesday's noon bids in reaction to lower Kansas City May wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring for April delivery were also not fully established in early trading but bids were indicated as five cents per bushel lower in early trading, pressured by the lower Minneapolis May wheat futures and a lower basis bid by some exporters.

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

Bids for US 2 Yellow Corn delivered to Portland via single rail cars trended mixed, from 2-1/2 cents lower to 7-1/2 cents per cwt higher than Tuesday's bids in early trading supported by the higher bids by some corn traders, however lower Chicago May corn futures pressured cash bids. Corn bids truck delivered to the Yakima Valley trended 1-1/4 to 2-1/2

cents per cwt lower. Lower Chicago May corn futures pressured bids.

All wheat bids in dollars per bushel

US 1 Soft White Wheat - Any protein - Rail/Barge delivered *

Apr mostly $4.68 , ranging $ 4.65 -4.70

May $ 4.70

Jun $ 4.70

Jul NA

Aug NC $ 4.65 -4.70

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US 1 Soft White Wheat & White Club Wheat - ***MAXIMUM 10.5% protein***

Exporters are no longer bidding a premium for maximum 10.5% protein.

_

US 1 White Club Wheat - Any protein - Rail/Barge delivered *

Apr mostly $7.68 , ranging $ 7.65 -7.70

* Not fully established.

_

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

Ordinary protein $ 4.40 -4.60

10 pct protein $ 4.40 -4.60

11 pct protein $ 4.90 -5.00

11.5 pct protein

Apr $ 5.15 -5.20

Aug NC NA

12 pct protein $ 5.30 -5.35

13 pct protein $ 5.65 -5.75

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 $ 5.33 -5.63

14 pct protein

Apr $ 6.73 -7.03

Aug NC NA

15 pct protein $ 7.83 -8.23

16 pct protein $ 8.83 -9.43

* Not fully established.

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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 $8.1250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley $7.8125 -8.4000

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US 2 Heavy White Oats in dollars per CWT** $7.0000

** Not well tested.

Exporter Bids Portland Rail/Barge Mar 2010

Averages in Dollars per bushel

No. 1 Soft White $4.64

No. 1 Hard Red Winter (Ordinary protein) $4.60

No. 1 Hard Red Winter (11.5% protein) $5.28

No. 1 Dark Northern Spring (14% protein) $6.83

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR

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