JO_GR110
Portland, OR         Fri  May 15, 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 May 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 May delivery.
Bids for corn are for 30 day delivery.

   July wheat futures closed 13-1/4 to 20-1/2 cents per bushel lower
compared to Thursdays closes.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein for May Portland delivery, trended five cents per bushel lower
than Thursdays noon bids in reaction to substantially lower Chicago July
wheat futures.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery were 11 to 13 cents per bushel lower than Thursdays noon
bids, with pressure coming from lower Kansas City July wheat futures,
although some exporters raised their basis in order to partially offset
the lower futures.

   Bids for 14 percent protein US 1 Dark Northern Spring for May delivery
declined by 21 cents per bushel in lining up with lower Minneapolis July
spring wheat futures.

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

   Bids for US 2 Yellow Corn ranged from 18-3/4 to 20 cents per cwt
lower than Thursdays noon bids.  Lower Chicago July corn futures weighed
on cash bids.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      May            mostly $ 5.65 , ranging  $5.65  -5.70      dn 5
      Jun                                     $5.65  -5.70      dn 5
      Jul                                     $5.65  -5.70      unch-dn 5
      Aug NC                                  $5.63  -5.70      dn 5
      Sep                                     $5.65  -5.71      dn 5-dn 8
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US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      May        *** mostly $ 5.65 , ranging  $5.65  -5.70      dn 5
      Jun        ***                          $5.65  -5.70      dn 5
      Jul        ***                          $5.65  -5.70      unch-dn 5
      Aug NC     ***                          $5.63  -5.70      dn 5
      Sep        ***                          $5.65  -5.71      dn 5-dn 8
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      May            mostly $ 5.65 , ranging  $5.65  -6.65      dn 5
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      May        *** mostly $ 5.65 , ranging  $5.65  -6.65      dn 5
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 6.01 , ranging  $5.91  -6.06      dn 13-dn 12
 10 pct protein      mostly $ 6.01 , ranging  $5.91  -6.06      dn 13-dn 12
 11 pct protein                               $6.31  -6.46      dn 13-dn 11
 11.5 pct protein
      May            mostly $ 6.61 , ranging  $6.51  -6.66      dn 13-dn 11
      Aug NC                                  $6.60  -6.68      dn 14
 12 pct protein                               $6.66  -6.81      dn 13
 13 pct protein      mostly $ 7.11 , ranging  $6.96  -7.36      dn 11-dn 13
 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                               $6.50  -6.55      dn 21
 13 pct protein                               $7.30  -7.35      dn 21
 14 pct protein
      May            mostly $ 8.15 , ranging  $8.10  -8.20      dn 21
      Aug NC                                  $7.82  -7.97      dn 18-dn 14
 15 pct protein                               $8.58  -8.75      dn 21
 16 pct protein                               $9.06  -9.35      dn 21
_
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                      $9.0375 -9.0625    dn 20-dn 18.75
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $9.1250 -9.5000    dn 20
_
US 2 Heavy White Oats in dollars per CWT     $8.5000            unch
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Exporter Bids Portland Rail/Barge  April 2009
  Averages in Dollars per bushel
_
  No. 1 Soft White                           $5.46
  No. 1 Hard Red Winter (Ordinary protein)   $5.53
  No. 1 Hard Red Winter (11.5% protein)      $6.14
  No. 1 Dark Northern Spring (14% protein)   $7.83
  No. 2 Barley                                NA
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Source:       USDA Market News Service, Portland, OR