("USDA Portland Cash Grain Pricews-PM,") published at 14:48 P.M. EST
incorrectly stated hard red winter wheat bids.)

JO_GR110
Portland, OR         Wed    Jan 10   2007    USDA Market News

***RESENDING.  CORRECTION TO HARD RED WINTER WHEAT BIDS.***

Portland Daily Grain Report
Bids as of 11:30 a.m.;   Subject to change

   Bids for grains delivered to Portland, Oregon during January by
rail or barge, in dollars per bushel, except oats, corn and barley,
in dollars per cwt.  Bids for 14 percent protein dark northern spring
wheat are split for first and last half January delivery.  Bids for
soft white wheat are for delivery periods as specified.  All other bids
are for full January delivery.

   March wheat futures trended mixed, from 3-1/2 cents lower to 3/4 of
a cent per bushel higher compared to Tuesdays closes, with the most
decline in Chicago and the advance in Kansas City.

   Bids for US 1 Soft White Wheat for January Portland delivery were
two cents per bushel lower compared to Tuesdays noon bids in response
to lower Chicago March wheat futures.  Trading was slow.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January
Portland delivery were steady with Tuesdays noon bids.

   Bids for 14 percent protein us 1 Dark Northern Spring Wheat were
four cents per bushel lower than Tuesdays noon bids in reaction
to lower Minneapolis March hard red spring wheat futures.

   Bids for US 2 barley were not well tested.  Most exporters were not
issuing bids for January delivery.

   Bids for US 2 Yellow Corn advanced by 10 to 11-1/4 cents per cwt
compared to Tuesdays noon bids in response to moderately higher
Chicago March corn futures.

US 1 Soft White Wheat - Any protein - Rail/Barge delivered
_ Jan                mostly $ 4.86 , ranging  $4.78 -4.88   dn 2
_ FH Feb                                      $4.81 -4.91   unch-dn 2
_ LH Feb                                      $4.82 -4.91   dn 1-dn 2
_ FH Mar                                      $4.87 -4.94   unch-dn 2
_ LH Mar                                      $4.87 -4.94   dn 2
_ Apr                                         $4.89 -4.97   dn 1-dn 2
_ May                                         $4.91 -5.00   unch-dn 2
_
US 1 White Club Wheat - Rail/Barge delivered
_ Jan                mostly $ 4.86 , ranging  $4.78 -4.98   dn 2-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.36 , ranging  $5.32 -5.37   unch-up 1
 10 pct protein      mostly $ 5.36 , ranging  $5.32 -5.37   unch-up 1
 11 pct protein                               $5.32 -5.42   unch
 11.5 pct protein
_ Jan                mostly $ 5.41 , ranging  $5.34 -5.45   unch
 12 pct protein                               $5.34 -5.45   unch
 13 pct protein      mostly $ 5.45 , ranging  $5.38 -5.48   unch
 13 pct protein -                             $5.38 -5.48   unch
    Milling Quality Montana Origin
_
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                               $5.32 -5.40   dn 4
 13 pct protein                               $5.36 -5.44   dn 4
 14 pct protein
_ FH Jan             mostly $ 5.47 , ranging  $5.40 -5.51   dn 4
_ LH Jan             mostly $ 5.48 , ranging  $5.41 -5.51   dn 4
 15 pct protein                               $5.40 -5.53   dn 4
 Guaranteed 15 pct protein                     NA

US 2 Barley
 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

US 2 Yellow Corn
  Domestic-single rail cars
  Delivered full coast-BN                     NA
  Delivered to Portland                      $7.9375-8.0375 up 11.25
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $7.8625-8.1250 up 10

US 2 Heavy White Oats                        $7.7500        unch

Exporter offers on   Tuesday   night for March       shipment FOB shipped in
dollars per bushel:

 US 2 or btr Soft White Wheat                  $ 4.92       dn 5
 US 2 or btr Western White Wheat               $ 4.96       dn 5
 US 2 or btr Hard Red Winter Wheat, ord.%      $ 5.36       dn 7
 US 2 or btr Hard Red Winter Wheat, 11.5%      $ 5.41       dn 6
 US 2 or btr Hard Red Winter Wheat, 13%        $ 5.56       dn 4
 US 2 or btr Northern Spring Wheat, 13%        $ 5.57       dn 6
 US 2 or btr Dk Northern Spring Wheat, 14%     $ 5.60       dn 6
 US 2 or btr Northern Spring Wheat, 14.5%      $ 5.63       dn 5
 US 2 Barley                                     NA         no comp
 US 3 Yellow Corn                              $ 4.2800     dn 9

Exporter Bids Portland Rail/Barge  December 2006
  Averages in Dollars per bushel

  No. 1 Soft White                           $4.94
  No. 1 Hard Red Winter (Ordinary protein)   $5.67
  No. 1 Hard Red Winter (11.5% protein)      $5.74
  No. 1 Dark Northern Spring (14% protein)   $5.88
  No. 2 Barley                               $NA

Source:       USDA Market News Service, Portland, OR