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

Bids for grains delivered to Portland, Oregon during March 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 March delivery. Bids for corn are for 30 day delivery.

May wheat futures trended 3-3/4 to 5-1/2 cents per bushel lower compared to Tuesday's closes.

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

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March delivery trended five cents per bushel lower compared to Tuesday's noon bids with pressure coming from the lower Kansas City May wheat futures in early trading. Bids were not fully established in early trading.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for March delivery were four cents per bushel lower compared to Tuesday's noon bids in early trading in reaction to the lower Minneapolis May spring 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 March delivery were not well tested.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 6-1/4 cents per cwt lower compared to Tuesday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 6-1/4 cents per cwt lower than Tuesday's noon bids. Lower Chicago May corn futures pressured cash corn bids.

All wheat bids in dollars per bushel

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

Mar mostly 7.02, ranging 7.00-7.05

Apr 7.00-7.05

May 7.00-7.05

Jun 6.90-7.02

Jul 6.70-6.90

Aug NC 6.56-6.70

_

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

Mar mostly 7.02, ranging 7.00-7.05

* Not fully established.

_

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

Ordinary protein 6.74-6.79

10 pct protein 6.74-6.79

11 pct protein 7.34-7.39

11.5 pct protein

Mar 7.64-7.69

Aug NC 7.37-7.42

12 pct protein 7.84-7.94

13 pct protein 8.44-8.54

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 8.82-8.87

14 pct protein

Mar 9.42-9.47

Aug NC 8.58-8.93

15 pct protein 9.62-9.67

16 pct protein 9.82-9.87

* Not fully established.

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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 13.4500-13.4875

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.0625-13.6125

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US 2 Heavy White Oats in dollars per CWT** 12.50

** Not well tested.

Exporter Bids Portland Rail/Barge Feb 2012

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 6.98

No. 1 Hard Red Winter (Ordinary protein) 6.75

No. 1 Hard Red Winter (11.5% protein) 7.69

No. 1 Dark Northern Spring (14% protein) 9.71

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR

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