JO_GR110 Portland, OR Thu Jul 02, 2009 USDA Market News ***THE NEXT REPORT WILL BE RELEASED ON MONDAY, JULY 6, 2009 DUE TO THE FEDERAL HOLIDAY.*** Portland Daily Grain Report Bids as of 11:30 a.m.; Subject to change Bids for grains delivered to Portland, Oregon during July by 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 July delivery. Bids for corn are for 30 day delivery. September wheat futures closed 6-1/2 to 11 cents per bushel lower compared to Wednesday’s closes. Bids for US 1 Soft White Wheat, any protein and maximum 10.5 percent protein, for July Portland delivery trended four to five cents per bushel higher than Wednesday’s noon bids. Trading was slow. Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July delivery were steady to 10 cents per bushel lower than Wednesday’s noon bids. Lower Kansas City September wheat futures pressured bids, while some exporters raised their basis and offset the lower futures. Bids for 14 percent protein US 1 Dark Northern Spring for July delivery trended mixed, from 11 cents lower to one cent per bushel higher than Wednesday’s noon bids in reaction to the lower Minneapolis September spring wheat futures. Several exporters raised their basis, which were supportive to bids. Bids for US 2 Barley for July delivery were not available as exporters were not issuing bids for nearby delivery. Bids for US 2 Yellow Corn trended 17-1/2 to 20 cents per cwt lower due to the lower Chicago September corn futures. All wheat bids in Dollars per bushel US 1 Soft White Wheat - Any protein - Rail/Barge delivered Jul mostly $ 5.60 , ranging $5.60 -5.65 up 4-up 5 Aug NC $5.65 up 7-unch Sep $5.70 -5.76 up 7-up 6 Oct $5.75 -5.84 up 8-up 9 Nov $5.80 -5.92 up 9-up 10 _ US 1 Soft White Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered Jul *** mostly $ 5.60 , ranging $5.60 -5.65 up 4-up 5 Aug NC *** $5.65 up 7-unch Sep *** $5.70 -5.76 up 7-up 6 Oct *** $5.75 -5.84 up 8-up 9 Nov *** $5.80 -5.92 up 9-up 10 _ US 1 White Club Wheat - Any protein - Rail/Barge delivered Jul mostly $ 5.60 , ranging $5.60 -6.60 up 4-up 3 _ US 1 White Club Wheat - ***MAXIMUM 10.5% protein*** - Rail/Barge delivered Jul *** mostly $ 5.60 , ranging $5.60 -6.60 up 4-up 3 _ US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) Ordinary protein mostly $ 5.46 , ranging $5.39 -5.54 unch-dn 10 10 pct protein mostly $ 5.46 , ranging $5.39 -5.54 unch-dn 10 11 pct protein $5.79 -5.94 unch-dn 10 11.5 pct protein Jul mostly $ 6.04 , ranging $5.99 -6.14 unch-dn 10 Aug NC $5.94 -6.14 dn 20-dn 10 12 pct protein $6.14 -6.29 unch-dn 10 13 pct protein mostly $ 6.59 , ranging $6.44 -6.64 unch-dn 8 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 $5.95 -6.03 up 1-dn 6 13 pct protein $6.53 -6.63 dn 1 14 pct protein Jul mostly $ 7.23 , ranging $7.15 -7.23 up 1-dn 11 Aug NC $7.15 -7.23 up 1-dn 11 15 pct protein $7.55 -7.63 up 1-dn 6 16 pct protein $7.95 -8.03 up 1-dn 6 _ 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 $7.7750 -7.9250 dn 17.5-dn 18.75 Rail and Truck del to Willamette Vly NA Rail del to Yakima Valley NA Truck del to Yakima Valley $7.7500 -8.2250 dn 18.75-dn 20 _ US 2 Heavy White Oats in dollars per CWT $8.5000 unch _ Exporter Bids Portland Rail/Barge Jun 2009 Averages in Dollars per bushel _ No. 1 Soft White $5.91 No. 1 Hard Red Winter (Ordinary protein) $6.09 No. 1 Hard Red Winter (11.5% protein) $6.67 No. 1 Dark Northern Spring (14% protein) $7.99 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 12:03 ts .