Bids as of 9:30 a.m. Pacific time; Subject to change.

Bids for grains delivered to Portland, Ore., during February by unit trains and barges, 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 bids are for full February delivery. Bids for corn are for 30 day delivery.

March wheat futures trended 3.50 to six cents per bushel lower compared to Tuesday's closes.

Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were not fully established, but bids trended mixed, from six cents lower to five cents per bushel higher than Tuesday's noon bids for February delivery. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February delivery trended 4.75 cents per bushel lower compared to Tuesday's noon bids for the same delivery period. Bids were pressured by the lower Kansas City March wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for February delivery trended 3.50 cents per bushel lower than Tuesday's noon bids for the same delivery period. Lower Minneapolis March wheat futures pressured cash bids.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended ten cents per cwt lower compared to Tuesday's noon bids. Corn bids truck delivered to the Yakima Valley trended ten to 11.25 cents per cwt lower compared to Tuesday's noon bids. Corn bids were pressured by the lower Chicago corn futures.

All wheat bids in dollars per bushel

US 1 Soft White Wheat - delivered by Unit Trains and Barges *

Feb mostly 8.6100, ranging 8.6000-8.6150

Mar 8.6000-8.6150

Apr 8.6400-8.7000

May 8.6400-8.7000

Aug NC 7.8900-8.0900

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US 1 White Club Wheat - delivered by Unit Trains and Barges *

Feb mostly 8.6100, ranging 8.6000-8.6150

*Not fully established.

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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *

Ordinary protein 8.7150-8.9350

10 pct protein 8.7150-8.9350

11 pct protein 8.9150-9.0950

11.5 pct protein

Feb 9.0150-9.1750

Aug NC 8.7950-8.8450

12 pct protein 9.0650-9.2050

13 pct protein 9.1650-9.2750

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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) *

13 pct protein 9.1325-9.3725

14 pct protein

Feb 9.3325-9.5325

Aug NC 9.3725-9.5225

15 pct protein 9.3325-9.5325

16 pct protein 9.3325-9.5325

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.0375-15.1500

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.8750-15.3625

US 2 Heavy White Oats in dollars per CWT ** 13.5000

** Not well tested.

Exporter Bids Portland Rail/Barge Jan 2013

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.5300

US 1 Hard Red Winter (Ordinary protein) 8.9100

US 1 Hard Red Winter (11.5% protein) 9.2100

US 1 Dark Northern Spring (14% protein) 9.4800

Source: USDA Market News Service, Portland, OR