Portland Daily Grain Report for Thursday, Feb. 7, 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 periods as specified. All other wheat bids are for full February delivery. Bids for corn are for 30 day delivery.

March wheat futures trended 3.25 to 6.25 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 steady 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 trended 6.25 cents per bushel lower compared to Wednesday'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 3.25 cents per bushel lower than Wednesday'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 17.50 cents per cwt lower compared to Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley also trended 17.50 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 8.6375, ranging 8.5500-8.7050

Mar 8.6000-8.7050

Apr 8.6750-8.7250

May 8.6750-8.7250

Aug NC 7.8600-8.0600

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

Feb mostly 8.6375, ranging 8.5500-8.7050

*Not fully established.

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

Ordinary protein 8.7250-8.9450

10 pct protein 8.7250-8.9450

11 pct protein 8.9250-9.1050

11.5 pct protein

Feb 9.0250-9.1850

Aug NC 8.8000-8.8500

12 pct protein 9.0750-9.2150

13 pct protein 9.1750-9.2850

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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 9.1650-9.4050

14 pct protein

Feb 9.3650-9.5650

Aug NC 9.4000-9.5500

15 pct protein 9.3650-9.5650

16 pct protein 9.3650-9.5650

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.8500-14.9625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 14.6875-15.1750

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.