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

Bids for grains delivered to Portland, Oregon during January 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 January delivery. Bids for corn are for 30 day delivery.

March wheat futures trended 9-1/4 to 14-1/4 cents per bushel higher in early trading compared to Wednesday's closes.

Bids for US 1 Soft White Wheat for January delivery in unit trains or barges were not available in early trading, as most exporters were not issuing bids for nearby delivery.

Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for January delivery were not fully established in early trading, but were indicated as nine cents per bushel higher compared to Wednesday's noon bids in lining up with the higher Kansas City March wheat futures.

Bids for 14 percent protein non-guaranteed US 1 Dark Northern Spring Wheat for January delivery were not well tested in early trading, but were indicated as ten cents per bushel higher, supported by the higher Minneapolis March wheat futures.

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

Bids for US 2 Yellow Corn delivered to Portland in single rail cars trended 10 to 11-1/4 cents per cwt higher than Wednesday's noon bids. Higher Chicago March corn futures supported corn bids. Bids for corn truck delivered to the Yakima Valley trended 10 to 11-1/4 cents per cwt higher than Wednesday's noon bids.

All wheat bids in dollars per bushel

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

Jan NA

Feb 6.45-6.72

Mar 6.55-6.75

Apr 6.65-6.75***

May 6.65-6.75

Aug NC 6.40-6.60

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

Jan NA

* Not fully established.

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

Ordinary protein 6.61-6.78

10 pct protein 6.61-6.78

11 pct protein 7.31-7.41

11.5 pct protein

Jan 7.66-7.76

Aug NC 7.47-7.57

12 pct protein 7.96-8.06

13 pct protein 8.56-8.76

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 8.48-8.53

14 pct protein

Jan 9.48-9.53

Aug NC 8.56-8.61

15 pct protein 9.88-10.13

16 pct protein 10.28-10.73

* 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 13.6625-13.6875

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.1125-13.6875

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US 2 Heavy White Oats in dollars per CWT** 10.75

** Not well tested.

Exporter Bids Portland Rail/Barge Dec 2011

Averages in Dollars per bushel

No. 1 Soft White by Unit Trains or Barges 5.93

No. 1 Hard Red Winter (Ordinary protein) 6.29

No. 1 Hard Red Winter (11.5% protein) 7.22

No. 1 Dark Northern Spring (14% protein) 9.71

No. 2 Barley NA

Source: USDA Market News Service, Portland, Ore.