Portland Daily Grain Report for Thursday, Dec. 20, 2012

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

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

March wheat futures trended nine to 15.25 cent per bushel lower compared to Wednesday's closes.

Bids for US 1 Soft White Wheat for December delivery in unit trains or barges trended 10.25 cents per bushel lower than Wednesday's noon bids for December delivery. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December delivery were not fully established in early trading, but were indicated as generally nine cents per bushel lower compared to Wednesday's noon bids for December delivery. Lower Kansas City March wheat futures pressured cash bids.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for December delivery were not well tested in early trading, but bids were indicated as 11 cents per bushel lower than Wednesday's noon bids for the same delivery period, following the lower Minneapolis March wheat futures. Some exporters were not issuing bids for nearby delivery.

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. Lower Chicago March corn futures pressured cash corn bids. Corn bids truck delivered to the Yakima Valley also trended 17.50 cents per cwt lower compared to Wednesday's noon bids.

All wheat bids in dollars per bushel

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

Dec mostly 8.4300, ranging 8.4050-8.4550

Jan 8.5550-8.7500

Feb 8.6050-8.7500

Mar 8.6550-8.7500

Apr 8.7175-8.8000

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

Dec mostly 8.4300, ranging 8.4050-8.4550

*Not fully established.

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

Ordinary protein 9.0500-9.1800

10 pct protein 9.0500-9.1800

11 pct protein 9.2500-9.3200

11.5 pct protein

Dec 9.3500-9.3900

12 pct protein 9.4000-9.4100

13 pct protein 9.4500-9.5000

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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 9.4850-9.4950

14 pct protein

Dec 9.6450-9.6950

15 pct protein 9.6450-9.6950

16 pct protein 9.6450-9.6950

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 14.4125-14.5625

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.9375-14.7750

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

** Not well tested.

Exporter Bids Portland Rail/Barge Nov 2012

Averages in Dollars per bushel

US 1 Soft White by Unit Trains and Barges 8.8700

US 1 Hard Red Winter (Ordinary protein) 9.6200

US 1 Hard Red Winter (11.5% protein) 9.9000

US 1 Dark Northern Spring (14% protein) 10.2100

Source: USDA Market News Service, Portland, Ore.