Portland Daily Grain Report for March 14, 2013

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 8.25 to 13.25 cents per bushel higher than Wednesday's closes.

Bids for US 1 Soft White Wheat for March delivery in unit trains or barges were not fully established in early trading.

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 ten cents per bushel higher compared to Wednesday's noon bids for the same delivery period, in lining up with 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 8.25 cents per bushel higher than Wednesday's noon bids. Higher Minneapolis May wheat futures supported the cash bids.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars for domestic use trended 8.75 cents per cwt higher than Wednesday's noon bids. Corn bids truck delivered to the Yakima Valley trended 7.50 to 8.75 cents per cwt higher than Wednesday's noon bids. Bids were supported by the higher Chicago May corn futures.

All wheat bids in dollars per bushel

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

Mar NA

Apr 8.6500-8.9325

May 8.6500-8.9325

Jun NA

Aug NC 7.7400-7.7900

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

Mar NA

*Not fully established.

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

Ordinary protein 8.5775-8.7075

10 pct protein 8.5775-8.7075

11 pct protein 8.7475-8.7875

11.5 pct protein

Mar 8.8275-8.8775

Aug NC 8.1500-8.2000

12 pct protein 8.8275-8.9275

13 pct protein 8.8275-9.0275

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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 9.3275-9.4375

14 pct protein

Mar 9.4875-9.6375

Aug NC 8.8550-8.9050

15 pct protein 9.4875-9.6375

16 pct protein 9.4875-9.6375

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 15.0875-15.1250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 15.0875-15.2750

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

** Not well tested.

Exporter Bids Portland Rail/Barge Feb 2013

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.5900

US 1 Hard Red Winter (Ordinary protein) 8.6600

US 1 Hard Red Winter (11.5% protein) 8.9300

US 1 Dark Northern Spring (14% protein) 9.3400

Source: USDA Market News Service, Portland, Ore.