Portland Daily Grain Report for Thursday, Jan. 31, 2013

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

Bids for grains delivered to Portland, Oregon 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 period as specified. All other wheat bids are for full February delivery. Bids for corn are for 30 day delivery.

March wheat futures trended steady to 11 cents per bushel lower compared to Wednesday's closes.

Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were not fully established, but bids trended five to six cents per bushel lower than Wednesday'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 had no recent price comparison available as yesterday's bids were for January delivery.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for February delivery had no recent price comparison available as yesterday's bids were for January delivery.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 8.75 cents per cwt lower compared to Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 7.50 to 8.75 cents per cwt lower compared to Wednesday'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 8.7900, ranging 8.7000-8.8600

Mar 8.7500-8.8600

Apr 8.8000-8.9000

May 8.8000-8.9500

Aug NC 8.1200-8.3200

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

Feb mostly 8.7900, ranging 8.7000-8.8600

*Not fully established.

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

Ordinary protein 9.0975-9.2675

10 pct protein 9.0975-9.2675

11 pct protein 9.2975-9.4275

11.5 pct protein

Feb 9.3975-9.5075

Aug NC 9.1000-9.2000

12 pct protein 9.4475-9.5575

13 pct protein 9.5475-9.6575

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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 9.3600-9.5000

14 pct protein

Feb 9.5600-9.6600

Aug NC 9.5875-9.7375

15 pct protein 9.5600-9.6600

16 pct protein 9.5600-9.6600

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.3250-15.3625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.0500-15.5250

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

** 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.