Portland Daily Grain Report for Thursday, Jan. 10, 2013

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

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

March wheat futures trended steady to five cents per bushel higher compared to Wednesday's closes.

Bids for US 1 Soft White Wheat for January delivery in unit trains or barges were not fully established, but bids trended steady to 0.50 of a cent per bushel lower than Wednesday's noon bids for January delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January delivery were not fully established in early trading, but were indicated as steady compared to Wednesday's noon bids for January delivery.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for January delivery were not well tested in early trading, but were indicated as 3.75 cents per bushel higher than Wednesday's noon bids for the same delivery period. Bids were supported by the higher Minneapolis March wheat futures.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended five to ten cents per cwt higher compared to Wednesday's noon bids. Higher Chicago March corn futures and a higher basis bid by some corn traders supported cash corn bids. Corn bids truck delivered to the Yakima Valley trended five cents per cwt higher compared to Wednesday's noon bids.

All wheat bids in dollars per bushel

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

Jan mostly 8.3700, ranging 8.3000-8.4550

Feb 8.4050-8.5000

Mar 8.4050-8.5200

Apr 8.4925-8.5400

May 8.4925-8.5600

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

Jan mostly 8.3700, ranging 8.3000-8.4550

*Not fully established.

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

Ordinary protein 8.6125-8.7125

10 pct protein 8.6125-8.7125

11 pct protein 8.8125-8.9125

11.5 pct protein

Jan 8.9125-9.0125

12 pct protein 8.9625-9.0625

13 pct protein 9.0625-9.1625

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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 9.1325-9.1925

14 pct protein

Jan 9.2925-9.3925

15 pct protein 9.2925-9.3925

16 pct protein 9.2925-9.3925

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.6250-14.6750

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.3625-14.8625

US 2 Heavy White Oats in dollars per CWT ** 13.2500

** Not well tested.

Exporter Bids Portland Rail/Barge Dec 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.5600

US 1 Hard Red Winter (Ordinary protein) 9.2600

US 1 Hard Red Winter (11.5% protein) 9.5200

US 1 Dark Northern Spring (14% protein) 9.8500

Source: USDA Market News Service, Portland, Ore.