JO_GR110
Portland, OR      Thr    Jan 11  2007  USDA Market News

Portland Daily Grain Report
Bids as of 9:30 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 were split 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 in midmorning trading were sharply higher by 11-
1/2 to 12 cents per bushel compared to Wednesdays closes.

   Bids for US 1 Soft White Wheat for January Portland delivery were
not well tested in early trading as some exporters were not issuing
bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January
Portland delivery were not fully established in early trading but were
indicated as 12 to 14 cents per bushel higher than Wednesdays noon
bids in lining up with the sharply higher Kansas City March wheat
futures.

   Bids for 14 percent protein us 1 Dark Northern Spring Wheat for
January Portland delivery were indicated as 8 to 16 cents per bushel
higher in response to sharply higher Minneapolis March 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 trended 31-1/4 to 32-1/2 cents per cwt
higher than Wednesdays noon bids in response to sharply higher Chicago
March corn futures in early trading.

US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
_     Jan                                         NA
_     FH Feb                                    $ 4.87-4.90
_     LH Feb                                    $ 4.88-4.92
_     Mar                                       $ 4.92-4.95
_     Apr                                       $ 4.94-4.96
_     May                                       $ 4.96-4.98
_
US 1 White Club Wheat - Rail/Barge delivered *
_     Jan                                         NA
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                             $ 5.44-5.50
   10 pct protein                               $ 5.44-5.50
   11 pct protein                               $ 5.44-5.56
   11.5 pct protein
_     Jan                                       $ 5.46-5.59
   12 pct protein                               $ 5.46-5.59
   13 pct protein                               $ 5.50-5.62
   13 pct protein -                             $ 5.50-5.62
      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                               $ 5.47-5.52
   13 pct protein                               $ 5.51-5.56
   14 pct protein
_     FH Jan                                    $ 5.55-5.59
_     LH Jan                                    $ 5.57-5.60
   15 pct protein                               $ 5.55-5.60
   Guaranteed 15 pct protein                      NA
 * Not fully established.

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
 * Not fully established.

US 2 Yellow Corn
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                       $8.2500 -8.3625
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                  $8.1750 -8.4500

US 2 Heavy White Oats **                      $7.7500
 ** Not well tested.

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