JO_GR110
Portland, OR         Mon  Mar 02, 2009     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 March 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.  Bids for 11.5 percent protein hard red winter wheat are split
for first and last half March delivery.  All other wheat and barley bids
are for full March delivery.  Bids for corn are for 30 day delivery.

   May wheat futures in midday trading were 8-1/2 to 16 cents per bushel
lower compared to Fridays closes.

   Bids for US 1 Soft White Wheat, any protein, for March Portland
delivery were not fully established in early trading but bids were
indicated as 10 to 18 cents per bushel lower than Fridays noon bids.
Bids for maximum 10.5 percent protein soft white wheat trended five to 13
cents lower in early trading.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat were for
March delivery and had no recent price comparison as Fridays noon bids
were for February delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring for March
delivery had no recent price comparison as Fridays noon bids were for
February delivery.

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

   Bids for US 2 Yellow Corn ranged from 21-1/4 cents per cwt lower
compared to Fridays noon bids in lining up with the lower Chicago May
corn futures.

All wheat bids in dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered *
      Mar                                        $ 5.50
      Apr                                        $ 5.50 -5.53
      May                                        $ 5.50 -5.53
      Jun                                          NA
      Aug NC                                       NA
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      Mar         ***                            $ 5.60
      Apr         ***                            $ 5.60 -5.63
      May         ***                            $ 5.53 -5.60
      Jun         ***                              NA
      Aug NC      ***                              NA
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered *
      Mar                                        $ 7.00
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered *
      Mar         ***                            $ 7.10
 * Not fully established.
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better) *
   Ordinary protein                              $ 5.23 -5.33
   10 pct protein                                $ 5.23 -5.33
   11 pct protein                                $ 5.63 -5.75
   11.5 pct protein
      FH Mar                                     $ 5.83 -6.00
      LH Mar                                     $ 5.86 -6.00
      Aug NC                                     $ 5.84 -5.89
   12 pct protein                                $ 6.03 -6.20
   13 pct protein                                $ 6.33 -6.60
   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                                $ 5.68 -6.08
   13 pct protein                                $ 6.68 -6.88
   14 pct protein
      Mar                                        $ 7.58 -7.68
      Aug NC                                     $ 6.56 -6.61
   15 pct protein                                $ 8.28
   16 pct protein                                $ 8.88
 * 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                        $7.9125  -7.9250
  Rail and Truck del to Willamette Vly          NA
  Rail del to Yakima Valley                     NA
  Truck del to Yakima Valley                   $7.9500  -8.3375
_
US 2 Heavy White Oats in dollars per CWT**     $9.0000
 ** Not well tested.

Exporter Bids Portland Rail/Barge     Feb 2009
  Averages in Dollars per bushel

  No. 1 Soft White                             $5.68
  No. 1 Hard Red Winter (Ordinary protein)     $5.51
  No. 1 Hard Red Winter (11.5% protein)        $6.10
  No. 1 Dark Northern Spring (14% protein)     $7.83
  No. 2 Barley                                  NA

Source:           USDA Market News Service, Portland, OR