BC-USDA-Portland Grain


JOGR110
Portland, OR	Thu	May 24, 2012	USDA Market News

Portland Daily Grain Report
Bids as of 11:30 a.m.;	Subject to change

	Bids for grains delivered to Portland, Oregon during May by unit
trains and barges, in dollars per bushel, except oats and corn,
in dollars per cwt.	Bids for soft white wheat are for delivery periods
as specified.	All other wheat bids are for full May delivery.	Bids
for corn are for 30 day delivery.

	July wheat futures closed mixed, from 2-1/2 cents lower to 1/2 of a
cent per bushel higher than Wednesday?s closes.

	Bids for US 1 Soft White Wheat delivered to Portland in unit trains
and barges during May were steady to firm compared to Wednesday?s noon
bids.

	Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
Portland delivery trended steady to ten cents per bushel lower than
Wednesday?s bids.	Some exporters have removed their bids for nearby
delivery.

	Bids for 14 percent protein US 1 Dark Northern Spring Wheat for
May delivery trended steady compared to Wednesday?s noon bids for May
delivery.	Protein scales were down 15 cents per 1/4 percent protein down
to 13 percent protein and up five to ten cents per 1/4 percent protein up
to 16 percent protein.

	Bids for US 2 Yellow Corn delivered to Portland in single rain cars
trended 45 cents per cwt lower compared to Wednesday?s noon bids.	Lower
Chicago July corn futures pressured corn bids.	Corn bids truck delivered
to the Yakima Valley trended 43-3/4 to 45 cents 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
	May	mostly 6.93, ranging	6.90-6.95	unch
	Jun	6.90-7.00	unch-up 5
	Jul	6.85-7.00	unch-up 5
	Aug NC	6.90-7.00	unch-up 5
	Sep	6.90-7.05	unch-up 10

US 1 White Club Wheat - delivered by Unit Trains and Barges
	May	mostly 6.93, ranging	6.90-6.95	unch

US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protein	mostly 6.99, ranging	6.92-7.02	unch
10 pct protein	mostly 6.99, ranging	6.92-7.02	unch
11 pct protein	7.52	unch-dn 10
11.5 pct protein
	May	mostly 7.79, ranging	7.77-7.82	unch-dn 10
	Aug NC	7.42-7.60	unch-up 3
12 pct protein	7.97-8.02	unch-dn 15
13 pct protein	mostly 8.45, ranging	8.37-8.62	unch-dn 5
13 pct protein-	NA
	Milling Quality Montana Origin

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)
12 pct protein	NA
13 pct protein	8.50-8.70	unch
14 pct protein
	May	mostly 9.18, ranging	9.10-9.30	unch
	Aug 1-10	8.84-8.99	up 1
	Aug 11-20	8.74-8.99	up 1
	Aug 21-31	8.69-8.84	up 1
15 pct protein	9.30-9.55	unch
16 pct protein	9.50-9.95	unch

US 2 Yellow Corn	in dollars per CWT
	Domestic-single rail cars
	Delivered full coast-BN	NA
	Delivered to Portland	13.1000-13.1125	dn 45
	Rail and Truck del to Willamette Vly	NA
	Rail del to Yakima Valley	NA
	Truck del to Yakima Valley	12.7375-13.1750	dn 45-43.75

US 2 Heavy White Oats in dollars per CWT	12.50	unch

Exporter Bids Portland Rail/Barge	Apr 2012
	Averages in Dollars per bushel

	No. 1 Soft White by Unit Trains or Barges	7.03
	No. 1 Hard Red Winter (Ordinary protein)	6.64
	No. 1 Hard Red Winter (11.5% protein)	7.52
	No. 1 Dark Northern Spring (14% protein)	9.59

Source:	USDA Market News Service, Portland, OR
	Niki Davila 503-326-2237	Portland.LGMN@ams.usda.gov
	24 hour price information	503-326-2022
	www.ams.usda.gov/mnreports/JOGR110.txt
	www.ams.usda.gov/lsmarketnews

11:50