Bids as of 9:30 a.m.; subject to change.

Bids for grains delivered to Portland, Ore., during February 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 February delivery. Bids for corn are for 30 day delivery.

March wheat futures trended nine to 17 cents per bushel higher in early trading compared to Tuesday's closes.

Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were five to 25 cents per bushel higher in early trading, compared to Tuesday's bids for February delivery. Some exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for February delivery were not well tested in early trading, but bids were indicated as nine to 11 cents per bushel higher than Tuesday's noon bids. Bids were supported by higher Kansas City March wheat futures and a higher basis bid by some exporters.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for February delivery were not fully established in early trading, but bids were indicated as 11 cents per bushel higher than Tuesday's noon bids. Higher Minneapolis March wheat futures supported cash bids.

Bids for US 2 Barley for February delivery were not well tested.

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 6-1/4 to 7-1/2 cents per cwt higher than Tuesday's noon bids. Higher Chicago March corn futures supported corn bids. Bids for corn truck delivered to the Yakima Valley trended 6-1/4 cents per cwt higher than Tuesday's noon bids.

All wheat bids in dollars per bushel

US 1 Soft White Wheat - delivered by Unit Trains and Barges *

Feb mostly 7.00, ranging 6.70-7.00

Mar 6.85-7.00

Apr 7.00

May 6.95-7.00

Jun 6.90

Aug NC 6.80-6.85

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US 1 White Club Wheat - delivered by Unit Trains and Barges *

Feb mostly 7.00, ranging 6.70-7.00

* Not fully established.

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US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) *

Ordinary protein 6.88-7.02

10 pct protein 6.88-7.02

11 pct protein 7.58-7.63

11.5 pct protein

Feb 7.92-7.98

Aug NC 7.70-7.80

12 pct protein 8.17-8.28

13 pct protein 8.83-9.15

13 pct protein- NA

Milling Quality Montana Origin

* Not fully established.

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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 8.74-8.84

14 pct protein

Feb 9.74-9.84

Aug NC 8.67-8.77

15 pct protein 10.14-10.44

16 pct protein 10.54-11.04

* Not fully established.

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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 NA

FOB inland Country Elevators NA

* Not fully established.

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US 2 Yellow Corn in dollars per CWT

Domestic-single rail cars

Delivered full coast-BN NA

Delivered to Portland 13.7125-13.7250

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.1500-13.7250

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US 2 Heavy White Oats in dollars per CWT** 11.00

** Not well tested.

Exporter Bids Portland Rail/Barge Jan 2012

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 6.27

No. 1 Hard Red Winter (Ordinary protein) 6.48

No. 1 Hard Red Winter (11.5% protein) 7.48

No. 1 Dark Northern Spring (14% protein) 9.42

No. 2 Barley NA

Source: USDA Market News Service, Portland, OR