JO_GR110 Portland, OR Mon Nov 23, 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 December 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 December delivery. Bids for corn are for 30 day delivery. March wheat futures closed mixed, from 2-1/2 cents lower to a 1/4 of a cent per bushel higher compared to Friday’s closes, with the most decline in Kansas City and the advance in Minneapolis. Bids for US 1 Soft White Wheat for December Portland delivery trended five to 10 cents per bushel higher than Friday’s noon bids. Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for December trended three cents per bushel lower compared to Friday’s noon bids in response to the lower Kansas City December and March wheat futures. Some exporters were not issuing bids for December delivery. Bids for non-guaranteed 14 percent protein US 1 Dark Northern Spring wheat for December delivery were mixed, from 10 cents lower to one cent per bushel higher than Friday’s noon bids. Fractionally higher Minneapolis March wheat futures were supportive to bids, although some exporters lowered their basis, which weighed on bids. Some exporters are bidding a premium for guaranteed 14 percent protein dark northern spring wheat bids, trended mixed, from 11 cents lower to three cents higher. Bids for US 2 Barley for December delivery were not available as exporters were not issuing bids for nearby delivery. Bids for US 2 Yellow Corn trended 6-1/4 to 7-1/2 cents per cwt lower compared to Friday’s noon bids in response to the lower Chicago December corn futures. All wheat bids in Dollars per bushel US 1 Soft White Wheat - Any protein - Rail/Barge delivered Dec mostly $ 4.95 , ranging $4.90 -5.05 up 5-up 10 Jan $4.95 -5.10 up 5-up 10 Feb $5.05 -5.15 up 10 Mar $5.07 -5.20 up 7-up 10 _ US 1 Soft White Wheat & White Club Wheat - ***MAXIMUM 10.5% protein*** Exporters are no longer bidding premiums for maximum 10.5% protein SWW. _ US 1 White Club Wheat - Any protein - Rail/Barge delivered Dec mostly $ 7.95 , ranging $7.05 -7.95 up 10-up 5 _ US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) Ordinary protein mostly $ 5.24 , ranging $5.16 -5.30 dn 5-dn 3 10 pct protein mostly $ 5.24 , ranging $5.16 -5.30 dn 5-dn 3 11 pct protein $5.56 -5.70 dn 3 11.5 pct protein Dec mostly $ 5.85 , ranging $5.84 -5.90 dn 3 12 pct protein $5.97 -6.00 dn 3-dn 4 13 pct protein mostly $ 6.45 , ranging $6.20 -6.70 dn 3 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 $5.59 -5.72 dn 10-dn 4 14 pct protein Dec mostly $ 7.12 , ranging $6.99 -7.27 dn 10-up 1 Guaranteed 14 pct mostly $ 7.22 , ranging $7.03 -7.27 dn 11-up 3 15 pct protein $7.99 -8.12 dn 10-dn 4 16 pct protein $8.99 -9.12 dn 10-dn 4 _ 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 $8.7750 dn 6.25 Rail and Truck del to Willamette Vly NA Rail del to Yakima Valley NA Truck del to Yakima Valley $8.5250 -8.9625 dn 6.25-dn 7.5 _ US 2 Heavy White Oats in dollars per CWT $7.0000 unch _ Exporter Bids Portland Rail/Barge Oct 2009 Averages in Dollars per bushel _ No. 1 Soft White $4.67 No. 1 Hard Red Winter (Ordinary protein) $4.91 No. 1 Hard Red Winter (11.5% protein) $5.46 No. 1 Dark Northern Spring (14% protein) $6.50 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 12:05 ts .