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

Bids for grains delivered to Portland, Oregon during March 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 March delivery. Bids for corn are for 30 day delivery.

May wheat futures trended five to 12.25 cents per bushel higher compared to Wednesday's closes.

Bids for US 1 Soft White Wheat for March delivery in unit trains or barges were not well tested in early trading but bids were indicated as four to five cents per bushel higher than Wednesday's noon bids. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March delivery were not fully established in early trading but were indicated as 12.25 cents per bushel higher compared to Wednesday's noon bids for the same delivery period. Bids were supported by the higher Kansas City May wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for March delivery were not fully established in early trading but were indicated as six to instances of 25 cents per bushel higher than Wednesday's noon bids in reaction to the higher Minneapolis May wheat futures and a higher basis bid by some exporters.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 10 to 20 cents per cwt higher than Wednesday's noon bids. Bids were supported by the higher Chicago March and May corn futures and a higher basis bid by some corn traders. Corn bids truck delivered to the Yakima Valley trended ten cents per cwt higher than Wednesday's noon bids. Some corn traders are bidding over the Chicago May corn futures.

All wheat bids in dollars per bushel

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

Mar mostly 8.6525, ranging 8.6200-8.6700

Apr 8.5800-8.7000

May 8.5800-8.7000

Jun NA

Aug NC 7.5825-7.7325

_

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

Mar mostly 8.6525, ranging 8.6200-8.6700

*Not fully established.

_

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

Ordinary protein 8.4000-8.6800

10 pct protein 8.4000-8.6800

11 pct protein 8.6000-8.7600

11.5 pct protein

Mar 8.7000-8.8500

Aug NC 8.1025-8.3025

12 pct protein 8.7500-8.9000

13 pct protein 8.8000-9.0000

_

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 9.1750-9.2250

14 pct protein

Mar 9.3750-9.4250

Aug NC 8.9700-9.0200

15 pct protein 9.3750-9.4250

16 pct protein 9.3750-9.4250

_

US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.0125-15.1250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.7375-15.2125

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, Ore.