JO_GR110
Portland, OR         Thu  Mar 26, 2009     USDA Market News

Portland Daily Grain Report
Bids as of 11:30 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.  All other wheat and barley bids are for full March delivery.
Bids for corn are for 30 day delivery.

   May wheat futures closed five to 7-3/4 cents per bushel lower compared
to Wednesdays closes.

   Bids for US 1 Soft White Wheat, any protein, for March delivery
trended five cents lower to 15 cents per bushel higher compared to
Wednesdays noon bids.  Bids for maximum 10.5 percent protein soft white
wheat for March Portland delivery trended five cents per bushel higher.
Higher Chicago May wheat futures were supportive to cash soft white wheat
bids.  Limited country selling met light new export demand.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March
delivery were five cents per bushel higher in lining up with the higher
Kansas City May wheat futures.  Some exporters were not issuing bids for
March delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring for March
delivery trended eight cents per bushel higher, supported by higher
Minneapolis spring wheat futures.

   Bids for US 2 barley for March delivery were not fully established
as most exporters were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn were 8-3/4 cents per cwt higher than
Wednesdays noon bids in response to higher Chicago May corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Mar            mostly $ 5.60 , ranging  $5.40  -5.65      dn 5-up 15
      Apr                                     $5.50  -5.65      up 5-up 10
      May                                     $5.50  -5.65      up 5
      Jun                                     $5.50  -5.70      no comp
      Aug NC         mostly $ 5.23 , ranging  $5.17  -5.35      up 6-dn 10
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Mar        *** mostly $ 5.65 , ranging  $5.50  -5.65      up 5
      Apr        ***                          $5.60  -5.70      up 10-up 5
      May        ***                          $5.60  -5.75      up 5
      Jun        ***                          $5.60  -5.75      no comp
      Aug NC     *** mostly $ 5.23 , ranging  $5.17  -5.35      up 6-dn 10
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Mar            mostly $ 7.35 , ranging  $7.05  -7.35      up 5-up 10
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Mar        *** mostly $ 7.40 , ranging  $7.15  -7.40      up 5-up 10
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.46 , ranging  $5.38  -5.60      up 5-up 15
 10 pct protein      mostly $ 5.46 , ranging  $5.38  -5.60      up 5-up 15
 11 pct protein                               $5.78  -5.95      up 5-up 10
 11.5 pct protein
      Mar            mostly $ 6.03 , ranging  $5.98  -6.10      up 5
      Aug NC                                  $6.07  -6.17      up 5
 12 pct protein                               $6.15  -6.20      up 5-unch
 13 pct protein      mostly $ 6.48 , ranging  $6.40  -6.58      unch-up 5
 13 pct protein-                               NA
    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                               $5.73  -6.08      up 8
 13 pct protein                               $6.73  -6.88      up 8
 14 pct protein
      Mar            mostly $ 7.68 , ranging  $7.63  -7.73      up 8
      Aug NC                                  $6.81  -6.96      up 5
 15 pct protein                               $8.23  -8.33      up 8
 16 pct protein                               $8.83  -8.93      up 8
_
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
_
US 2 Yellow Corn  in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                     NA
  Delivered to Portland                      $8.5875            up 8.75
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $8.6500 -9.0250    up 8.75
_
US 2 Heavy White Oats in dollars per CWT     $9.0000            unch
_
Exporter Bids Portland Rail/Barge   0
  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
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Source:       USDA Market News Service, Portland, OR