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

Bids for grains delivered to Portland, Oregon 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 3-1/4 to 5-1/4 cents per bushel lower in early trading compared to Thursday's closes.

Bids for US 1 Soft White Wheat for February delivery in unit trains or barges were not well tested in early trading, but trended steady compared to Thursday'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 five cents per bushel lower than Thursday's noon bids in lining up with the lower Kansas City March wheat futures.

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 three cents per bushel lower than Thursday's noon bids in following the lower Minneapolis March wheat futures.

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 and corn truck delivered to the Yakima Valley declined by 71/2 to 8-3/4 cents per cwt compared to Thursday's noon bids. Lower Chicago March corn futures weighed on cash corn bids.

All wheat bids in dollars per bushel

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

Feb mostly 6.95, ranging 6.70-7.00

Mar 6.90-7.00

Apr 6.95-7.00

May 6.90-7.00

Jun 6.80-7.00

Aug NC 6.80-6.85

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

Feb mostly 6.95, 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 6.76-6.90

10 pct protein 6.76-6.90

11 pct protein 7.46-7.51

11.5 pct protein

Feb 7.80-7.86

Aug NC 7.64-7.74

12 pct protein 8.05-8.16

13 pct protein 8.71-9.03

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 8.68-8.78

14 pct protein

Feb 9.68-9.78

Aug NC 8.57-8.67

15 pct protein 10.08-10.38

16 pct protein 10.48-10.98

* 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 13.6375-13.6500

Rail and Truck del to Willamette Vly NA

Rail del to Yakima Valley NA

Truck del to Yakima Valley 13.0875-13.6500

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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, Ore.