JO_GR110
Portland, OR         Wed  Jun 24, 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 June 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 June delivery.
Bids for corn are for 30 day delivery.

   September wheat futures closed 6-1/2 to eight cents per bushel lower
compared to Tuesdays closes.  Kansas City July wheat futures closed
6-1/2 cents lower than Tuesdays close.

   Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent
protein, for June Portland delivery trended steady to two cents per
bushel lower compared to Tuesdays noon bids.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for June
delivery trended two to seven cents per bushel lower compared to
Tuesdays noon bids.  Lower Kansas City July and September wheat futures
weighed on bids, although some exporters raised their basis which
tempered declines.

   Bids for 14 percent protein US 1 Dark Northern Spring for June
delivery were six to nine cents per bushel lower in reaction to lower
Minneapolis September spring wheat futures and a lower basis bid by some
exporters.

   Bids for US 2 barley for June delivery were not available as exporters
were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn trended 3-3/4 to five cents per cwt lower
due to the lower Chicago July and September corn futures.


All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      Jun            mostly $ 5.70 , ranging  $5.58  -5.75      dn 2-unch
      Jul                                     $5.68  -5.75      dn 2-dn 3
      Aug NC                                  $5.70  -5.75      dn 5-dn 3
      Sep                                     $5.75  -5.78      dn 3-dn 2
      Oct                                     $5.80  -5.83      dn 1-dn 2
_
US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jun        *** mostly $ 5.70 , ranging  $5.58  -5.75      dn 2-unch
      Jul        ***                          $5.68  -5.75      dn 2-dn 3
      Aug NC     ***                          $5.70  -5.75      dn 5-dn 3
      Sep        ***                          $5.75  -5.78      dn 3-dn 2
      Oct        ***                          $5.80  -5.83      dn 1-dn 2
_
US 1 White Club Wheat - Any protein - Rail/Barge delivered
      Jun            mostly $ 5.70 , ranging  $5.58  -6.70      dn 2-dn 5
_
US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered
      Jun        *** mostly $ 5.70 , ranging  $5.58  -6.70      dn 2-dn 5
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein    mostly $ 5.80 , ranging  $5.68  -5.88      dn 7-dn 2
 10 pct protein      mostly $ 5.80 , ranging  $5.68  -5.88      dn 7-dn 2
 11 pct protein                               $6.08  -6.28      dn 7-dn 2
 11.5 pct protein
      Jun            mostly $ 6.38 , ranging  $6.28  -6.48      dn 7-dn 2
      FH Aug NC                               $6.23  -6.48      dn 7-dn 2
      LH Aug NC                               $6.23  -6.48      dn 7-dn 4
 12 pct protein                               $6.43  -6.63      dn 7-dn 4
 13 pct protein      mostly $ 6.93 , ranging  $6.73  -7.13      dn 7-dn 4
 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                               $6.47  -6.50      dn 9-dn 8
 13 pct protein                               $7.07  -7.10      dn 9-dn 8
 14 pct protein
      Jun            mostly $ 7.70 , ranging  $7.67  -7.72      dn 9-dn 6
      FH Aug NC                               $7.67  -7.72      dn 1-dn 6
      LH Aug NC                               $7.67  -7.72      up 4-dn 6
 15 pct protein                               $8.07  -8.10      dn 9-dn 8
 16 pct protein                               $8.47  -8.50      dn 9-dn 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                      $8.5500            dn 3.75
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $8.5125 -8.9500    dn 5
_
US 2 Heavy White Oats in dollars per CWT     $8.5000            unch
_
Exporter Bids Portland Rail/Barge  May 2009
  Averages in Dollars per bushel
_
  No. 1 Soft White                           $5.74
  No. 1 Hard Red Winter (Ordinary protein)   $6.08
  No. 1 Hard Red Winter (11.5% protein)      $6.66
  No. 1 Dark Northern Spring (14% protein)   $8.27
  No. 2 Barley                                NA
_
Source:       USDA Market News Service, Portland, OR