JO_GR110 Portland, OR Thu Feb 05, 2009 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 February rail or barge, 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 February delivery. Bids for corn are for 30 day delivery. March wheat futures closed 18-3/4 to 20 cents per bushel higher compared to Wednesday’s closes. Minneapolis May spring wheat futures closed 15-3/4 cents per bushel higher and Kansas City May wheat futures closed 19-1/2 cents higher. Bids for US 1 Soft White Wheat, any protein, for February delivery trended 10 to 12 cents per bushel higher than Wednesday’s noon bids. Bids for maximum 10.5 percent protein soft white wheat for February Portland delivery were 10 to 15 cents per bushel higher. Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February delivery not fully established but bids were indicated as 15 to 23 cents per bushel higher than Wednesday’s noon bids, with support coming from the moderately higher Kansas City March and May wheat futures. Some exporters have switched to over Kansas City May wheat futures, while other exporters were not issuing bids for February delivery. Bids for 14 percent protein US 1 Dark Northern Spring Wheat for February delivery trended 15 cents per bushel higher in following the higher Minneapolis May wheat futures. Bids for US 2 barley for February delivery were not fully established as most exporters were not issuing bids for nearby delivery. Bids for US 2 Yellow Corn trended 22-1/2 to 23-3/4 cents per cwt higher than Wednesday’s noon bids. Higher Chicago March corn futures were supportive to cash corn bids. All wheat bids in Dollars per bushel US 1 Soft White Wheat - Any protein - Rail/Barge delivered Feb mostly $ 5.75 , ranging $5.65 -5.80 up 10-up 12 Mar $5.65 -5.80 up 10-up 8 Apr $5.65 -5.85 up 10 May $5.80 -5.90 up 9-up 10 Aug NC $5.41 -5.71 up 18 _ US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered Feb *** mostly $ 5.85 , ranging $5.75 -5.90 up 15-up 10 Mar *** $5.80 -5.95 up 10 Apr *** $5.80 -6.00 up 10 May *** $5.80 -6.05 up 9-up 10 Aug NC *** $5.41 -5.71 up 18 _ US 1 White Club Wheat - Any protein - Rail/Barge delivered Feb mostly $ 7.25 , ranging $7.15 -7.55 up 10-up 7 _ US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered Feb *** mostly $ 7.35 , ranging $7.25 -7.55 up 15-up 7 _ US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) Ordinary protein mostly $ 5.66 , ranging $5.60 -5.71 up 15-up 23 10 pct protein mostly $ 5.66 , ranging $5.60 -5.71 up 15-up 23 11 pct protein $6.00 -6.11 up 15-up 23 11.5 pct protein Feb mostly $ 6.26 , ranging $6.20 -6.31 up 15-up 23 Aug NC $6.43 -6.58 up 20-up 25 12 pct protein $6.40 -6.46 up 17-up 21 13 pct protein mostly $ 6.78 , ranging $6.76 -6.80 up 23-up 15 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 $5.97 -6.47 up 15 13 pct protein $6.97 -7.27 up 15 14 pct protein Feb mostly $ 8.02 , ranging $7.97 -8.07 up 15 Aug NC $7.08 -7.13 up 16 15 pct protein $8.57 -8.67 up 15 16 pct protein $9.17 -9.27 up 21-up 15 _ US 2 Barley in 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 NA 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 $8.5000 -8.5250 up 22.5-up 23.75 Rail and Truck del to Willamette Vly NA Rail del to Yakima Valley NA Truck del to Yakima Valley $8.3125 -8.7750 up 23.75 _ US 2 Heavy White Oats in dollars per CWT $9.0000 unch _ Exporter Bids Portland Rail/Barge Jan 2009 Averages in Dollars per bushel _ No. 1 Soft White $5.76 No. 1 Hard Red Winter (Ordinary protein) $5.91 No. 1 Hard Red Winter (11.5% protein) $6.53 No. 1 Dark Northern Spring (14% protein) $8.21 No. 2 Barley NA _ Source: USDA Market News Service, Portland, OR Tiffany Smit (503) 326-2237 24 hour price information: (503) 326-2022 www.ams.usda.gov/mnreports/jo_gr110.tx pdt 11:50 ts .