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

Bids for grains delivered to Portland, Ore., during May 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 May delivery. Bids for corn are for 30 day delivery.

July wheat futures in midday trading trended 2-1/4 to 5-3/4 cents per bushel higher compared to Tuesday's closes.

Bids for US 1 Soft White Wheat for May delivery were not fully established in early trading but bids were indicated as five cents per bushel higher compared to Tuesday's noon bids in early trading.

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

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for May delivery were also not fully established in early trading but were indicated as generally three cents per bushel higher. Bids were supported by the higher Minneapolis July wheat futures. Some exporters are not bidding for nearby delivery.

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

Bids for US 2 Yellow Corn delivered to Portland via single rails cars trended mixed, from 7-1/2 cents lower to 3-3/4 cents per cwt higher, and corn truck delivered to the Yakima Valley trended 3-3/4 to five cents per cwt higher than Tuesday's noon bids supported by the higher Chicago July corn futures. Cash corn bids rail delivered to Portland were pressured by a lower basis bid by some corn traders.

All wheat bids in dollars per bushel

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

May mostly $4.85 , ranging $ 4.80 -4.90

Jun $ 4.80 -4.95

Jul $ 4.75 -4.95

Aug NC $ 4.88 -4.90

Sep $ 4.80 -4.90

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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 *

May mostly $6.35 , ranging $ 4.80 -7.90

* Not fully established.

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

Ordinary protein $ 4.79 -4.99

10 pct protein $ 4.79 -4.99

11 pct protein $ 5.19 -5.29

11.5 pct protein

May $ 5.39 -5.46

Aug NC $ 5.42 -5.50

12 pct protein $ 5.49 -5.59

13 pct protein $ 5.84 -5.94

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

May $ 6.71 -6.76

Aug NC $ 6.30 -6.47

15 pct protein $ 7.71 -7.76

16 pct protein $ 8.71 -8.76

* 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.

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland $8.6500 -8.6625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley $8.3125 -9.0000

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

** Not well tested.

Exporter Bids Portland Rail/Barge Apr 2010

Averages in Dollars per bushel

No. 1 Soft White $4.76

No. 1 Hard Red Winter (Ordinary protein) $4.69

No. 1 Hard Red Winter (11.5% protein) $5.35

No. 1 Dark Northern Spring (14% protein) $6.87

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR

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