Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated.

PORTLAND GRAIN

(USDA Market News)

Portland

Jan. 27

CASH SOFT WHITE WHEAT

Pacific Northwest: Bids for U.S. 1 Soft White Wheat, delivered by unit trains and barges to Portland during January ended the reporting week on Thursday, Jan. 26, were not available as most exporters were not issuing bids for nearby delivery. Jan. 19 bids for soft white wheat were $6.25-6.30, mostly $6.30. There were no white club wheat premiums for January delivery for this week or last week. One year ago bids for U.S. 1 Soft White Wheat for January delivery were $8-8.30, mostly $8.20 and White Club Wheat bids were $8-8.80, mostly $8.37. Nearby bids for U.S. 1 Soft White wheat began the reporting week on Jan. 20 at mostly $6.30, then rose to mostly $6.33 on Jan. 23 before jumping higher to mostly $6.55 on Jan. 24. Jan. 25 bids moved higher to mostly $6.60. Jan. 26, most exporters did not have a bid for soft white wheat for nearby delivery. Higher Chicago March wheat each day during the week supported the soft white wheat bids. There were no new confirmed export sales of white wheat. Forward month bids for soft white wheat were as follows: February $6.45-6.72; March $6.55-6.75; April and May $6.65-6.75 and August New Crop $6.40-6.60. One year ago, forward month bids for soft white wheat were as follows: February and March $8-8.30, April $8.20-8.30, May $8.30-8.50 and August New Crop $8.15-8.20. Bids for January through March for one year ago were delivered by rail only. Bids for April through August New Crop delivery were by unit trains or barges.

Outstanding U.S. white wheat export sales as of Jan. 19, 2012, for the marketing year beginning June 1, 2011, and ending May 31, 2012, totaled 1,442.8 thousand MT compared to 1,153.1 thousand MT on Jan. 12, and 1,343.5 thousand MT one year ago. Outstanding white wheat export sales for the 2011-12 marketing year were to the following countries in 1,000 MT: South Korea 455.5, Japan 226.4, Philippines 201.9, Mexico 95.0, Yemen 50.0, Thailand 40.5, China 35.0, Nigeria 29.3, Taiwan 23.5, Vietnam 2.2, Canada 1.3, Hong Kong 1.3, Malaysia 0.5 and total unknown 280.4. Accumulated white wheat export shipments as of Jan. 19, 2012, in 1,000 MT for the 2011-12 marketing year, totaled 3,217.7 compared to 2,934.3 one year ago.

Outstanding U.S. barley export sales as of Jan. 19, for the marketing year beginning June 1, 2011, and ending May 31, 2012, in 1,000 MT, totaled 0.2 compared to 0.2 on Jan. 12, 2011, and 103.2 one year ago. Outstanding barley export sales for the 2011-12 marketing year in 1,000 MT were to Taiwan 0.2. Accumulated barley export shipments as of Jan. 19, were 82.6 thousand MT compared to 82.3 one year ago.

COARSE FEEDING GRAINS

Bids for U.S. 2 Barley delivered to the coast in unit trains or barges and bids for U.S. 2 Barley delivered to the inland feeding areas of Hermiston, Ore., and Yakima, Wash., during January were not well tested. Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were $271.25-271.50, $10 to $11 per ton higher than Jan. 19 bids of $260.25-261.50. Bids for U.S. 2 Yellow Corn truck delivered to Yakima and Hermiston were $260.25-271.50 which was $10 to $10.25 per ton higher than Jan. 19 bids of $250-261.50. Corn bids were supported by the higher Chicago March corn futures for the week. Bids for U.S. 2 Heavy White Oats for January delivery held steady at $215.

CALIFORNIA GRAINS

(USDA Market News)

Jan. 19

Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.

GRAIN DELIVERED

Mode Destination Price per cwt.

BARLEY - U.S. No. 2 (46-lbs. per bushel)

Truck Petaluma-Santa Rosa $14.20-14.50

Stockton-Modesto-Oakdale-Turlock NA

Fresno-Tulare-Corcoran-Coalinga NA

Colusa County NA

Rail Any origin

Stockton-Modesto-Oakdale-Turlock

via Union Pacific and BNSF NA

Tulare - via Union Pacific NA

CORN - U.S. No. 2 Yellow

Truck Petaluma-Santa Rosa Offer $13.45

Stockton-Modesto-Oakdale-Turlock Offer $13.87

Fresno-Tulare-Corcoran-Coalinga NA

Rail Single Car Units via BNSF

Chino Valley $13.97

Los Angeles $13.97

SORGHUM - U.S. No. 2 Yellow

Rail Los Angeles-Chino Valley

via BNSF Single $13.94

OATS - U.S. No. 2 White

Truck Petaluma-Stockton-Modesto-Turlock $13.75-14.75

Los Angeles-Chino Valley $14.50

WHEAT - U.S. No. 2 or better - Hard Red Winter

(Domestic Values for Flour Milling) California origin

Los Angeles 12 percent Protein $14.88-15.22

Los Angeles 13 percent Protein $15.08-15.42

Los Angeles 14 percent Protein $15.28-15.62

Truck/Rail Los Angeles 11.5 percent Protein $14.88-14.65

WHEAT - Any Class for Feed

Truck Petaluma-Santa Rosa $13.20-13.75

Stockton-Modesto-Oakdale-Turlock $12.50-13.50

Fresno-Tulare NA

Los Angeles-Chino Valley NA

Truck/Rail Los Angeles-Chino Valley $14-14.50

Prices paid to California farmers, seven-day reporting period ending Jan. 26:

WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling

Imperial $14.17 AH, May-June Del locally

YELLOW CORN, U.S. No. 2 or better

Kings $ 12.43 AH, August- September Del Locally

Tulare $12.71 AH, September Del Locally

Kings-Tulare-

Fresno $ 12.35 AH, August-September Del Locally

Merced $11.75 AH, September FOB Ranch