USDA Portland Daily Grain 07/25 14:00

USDA Portland Daily Grain                          07/25 14:00

JO_GR110
Portland, OR    Mon  Jul 25, 2011    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 July 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 and barley bids are for full July
delivery.  Bids for corn are for 30 day delivery.

   September wheat futures closed 3-3/4 to 9-1/2 cents per bushel lower
than Fridays closes.

   Bids for US 1 Soft White Wheat delivered to Portland by unit trains
and barges during July trended mixed, from five cents lower to five cents
per bushel higher compared to Fridays noon bids.  Some exporters were
not issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were nine to 14 cents per bushel lower than Fridays noon bids.
Bids were pressured by the lower Kansas City September wheat futures, and
a lower basis bid by some exporters.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for July
delivery trended eight to 38 cents per bushel lower compared to Fridays
noon bids.  The lower Minneapolis September wheat futures and a lower
basis bid by some exporters pressured cash bids.  Protein scales for non-
guaranteed 14.0 percent protein were plus 35 to 40 cents each 1/4 of a
percent of protein up to 16 percent protein and minus 45 cents each 1/4
of a percent of protein down to 13 percent protein.  Some exporters are
bidding a premium for guaranteed 14 percent protein dark northern spring
wheat.  Some exporters are not issuing bids for nearby delivery.

   Bids for US 2 Barley for July delivery were not available.

   Bids for US 2 Yellow Corn delivered to Portland via single rail cars
trended 20 cents per cwt lower than Fridays noon bids in response to the
higher Chicago September corn futures.  Corn bids truck delivered to the
Yakima Valley were also 20 cents per cwt lower than Fridays noon bids.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Jul                mostly 6.90, ranging   6.70-7.00          dn 5-up 5
    Aug NC                                    6.75-7.03          dn 5-up 8
    Sep                                       6.85-7.08          dn 5-up 3
    Oct                                       6.95-7.11          dn 5-up 3
    Nov                                       7.00-7.15          dn 5-up 4
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jul                mostly 6.90, ranging   6.70-7.00          dn 5-up 5
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein      mostly 6.65, ranging   6.61-6.71          dn 9-29
 10 pct protein        mostly 6.65, ranging   6.61-6.71          dn 9-29
 11 pct protein                               7.51-7.56          dn 9-24
 11.5 pct protein
    Jul                mostly 7.99, ranging   7.91-8.13          dn 14-9
    Aug NC                                    7.96-8.11          dn 9
 12 pct protein                               8.21-8.41          dn 14-9
 13 pct protein        mostly 8.94, ranging   8.81-9.11          dn 14-9
 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                               8.01-8.41          dn 8-38
 14 pct protein
    Jul                mostly 9.96, ranging   9.81-10.21         dn 8-38
    Aug NC                                    9.71-10.06         dn 8-23
  GTN 14% Jul                                 9.81-10.01         dn 8
 15 pct protein                               11.01-11.81        dn 8-38
 16 pct protein                               12.21-13.41        dn 8-38
_
US 2 Barley  dollars per CWT
 Unit trains & Barges-export (45 lbs.)        NA
 Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)
   Delivered to Portland                      NA
   Delivered to inland feeding areas
   FOB inland Country Elevators               NA

US 2 Yellow Corn  in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                     NA
  Delivered to Portland                       14.9750-15.3000    dn 20
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                  14.9750-15.1375    dn 20

US 2 Heavy White Oats in dollars per CWT      10.50              unch

Exporter Bids Portland Rail/Barge             Jun 2011
  Averages in Dollars per bushel

  No. 1 Soft White by Unit Trains or Barges   7.45
  No. 1 Hard Red Winter (Ordinary protein)    7.41
  No. 1 Hard Red Winter (11.5% protein)       8.74
  No. 1 Dark Northern Spring (14% protein)    11.60
  No. 2 Barley                                NA

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/JO_GR110.txt
            www.ams.usda.gov/lsmarketnews

 11:45