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[QT] Bids for Grain Delivered to Portland

Date: 2008-09-17 11:01:18

Categories: GRAIN



Portland Daily Grain Report
Bids as of 9:30 a.m.;   Subject to change

   Bids for grains delivered to Portland, Oregon during September 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 bids are for full September delivery.

   December wheat futures at midday were 7-1/2 to 12-1/2 cents per
bushel higher compared to Tuesday’s closes.

   Bids for US 1 Soft White Wheat for September Portland delivery were
not fully established in early trading.  Some exporters are issuing a
premium for maximum 10.5 percent protein soft white wheat.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for September
delivery were not fully established in early trading but were indicated
as generally seven cents per bushel higher than Tuesday’s noon bids in
following the higher Kansas City December wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for
September delivery were not fully established in early trading.  Some
exporters were not issuing bids for nearby delivery.

   Bids for US 2 barley for September delivery were not well tested in
early trading.

   Bids for US 2 Yellow Corn delivered to Portland via single rail cars
trended 3-3/4 to 15 cents per cwt higher than Tuesday’s noon bids in
response to higher Chicago December corn futures and a higher basis bid
by some corn traders.  Corn bids truck delivered to the Yakima Valley
were 2-1/2 to 3-3/4 cents per cwt higher due to the higher corn futures
in early trading.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
      Sep                                          NA
      Oct                                          NA
      Nov                                          NA
      Dec                                          NA
      Jan                                          NA
_
US 1 Soft White Wheat -  Rail/Barge delivered
      ***MAXIMUM 10.5 PERCENT PROTEIN***
      Sep                        ***               NA
      Oct                        ***               NA
      FH Nov                     ***             $ 6.90 -7.00
      LH Nov                     ***             $ 6.95 -7.00
      Dec                        ***             $ 7.00 -7.05
      Jan                        ***               NA

US 1 White Club Wheat - Rail/Barge delivered *
      Sep                                          NA
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                                NA
   10 pct protein                                  NA
   11 pct protein                                $ 7.52 -7.72
   11.5 pct protein
      Sep                                        $ 7.77 -7.92
   12 pct protein                                $ 7.92 -8.02
   13 pct protein                                $ 8.22 -8.32
   13 pct protein-                                 NA
      Milling Quality Montana Origin
 * Not fully established.
_
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
      Sep                                          NA
   15 pct protein                                  NA
   Guaranteed 15 pct protein                       NA
 * Not fully established.
_
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                        $11.7500 -11.8625
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $11.4250 -11.8625
_
US 2 Heavy White Oats in dollars per CWT**     $11.0000
 ** Not well tested.

Exporter Bids Portland Rail/Barge     Aug 2008
  Averages in Dollars per bushel

  No. 1 Soft White                             $8.23
  No. 1 Hard Red Winter (Ordinary protein)     $8.76
  No. 1 Hard Red Winter (11.5% protein)        $9.28
  No. 1 Dark Northern Spring (14% protein)     $9.85
  No. 2 Barley                                 $5.40

Source:           USDA Market News Service, Portland, OR
                  Tiffany Smit              (503) 326-2237
                  24 hour price information:(503) 326-2022
                  www.ams.usda.gov/mnreports/JO_GR110.txt

  8:54 pdt        ts

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