Portland Export Grain Market Summary

PORTLAND - May 9/08 - SNS -- The USDA has released its latest daily summary of export trade and bid activity for shipment through Portland, Oregon. The report foscusses on wheat, barley, corn and oats.

Portland Daily Grain Report
Bids as of 11:30 a.m.;   Subject to change

   Bids for grains delivered to Portland, Oregon during May 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 specified.
All other bids are for full May delivery.

   July wheat futures closed a 1/4 of a cent to 22-1/2 cents per bushel
lower compared to Thursday’s closes.

   Bids for US 1 Soft White Wheat for May Portland delivery were not
available as most exporters were not issuing bids for old crop delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for May
delivery trended 22 cents per bushel lower than Thursday’s noon bids
in following the lower Kansas City July wheat futures.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for May
delivery were not well tested but bids were indicated as steady with
Thursday’s noon bids.

   Bids for US 2 barley for May delivery were not quoted today in a
very limited test.  Most exporters were not issuing bids for barley for
old crop delivery.

   Bids for US 2 Yellow Corn trended 1-1/4 to 2-1/2 cents per cwt lower
than Thursday’s noon bids due to lower Chicago July corn futures.

All wheat bids in Dollars per bushel
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
      May                                      NA
      FH Jun                                   NA
      LH Jun                                  $7.70  -7.85      no comp
      Jul                                     $7.80  -7.85      dn 10-dn 20
      Aug NC                                  $7.80  -7.90      dn 10-dn 20
      Sep                                     $7.90  -8.00      dn 10-dn 20
_
US 1 White Club Wheat - Rail/Barge delivered
      May                                      NA
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
 Ordinary protein                              NA
 10 pct protein                                NA
 11 pct protein                                NA
 11.5 pct protein
      May            mostly $ 9.76 , ranging  $9.56  -9.96      dn 22
      Aug NC                                  $9.12  -9.14      dn 20
 12 pct protein                               $9.76  -10.16     dn 22
 13 pct protein      mostly $ 10.36, ranging  $10.16 -10.56     dn 22
 13 pct protein-                              $10.16 -10.56     dn 22
    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                                NA
 14 pct protein
      May            mostly $ 12.11, ranging  $12.03 -12.18     unch
      Aug 1-10=                               $9.96  -10.06     dn 14
      Aug 11-20=                              $9.91  -10.01     dn 14
      Aug 21-31=                              $9.86  -10.01     dn 14-dn 9
 15 pct protein                                NA
 Guaranteed 15 pct protein                     NA
_
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                      $13.2875-13.3750   dn 2.5
  Rail and Truck del to Willamette Vly        NA
  Rail del to Yakima Valley                   NA
  Truck del to Yakima Valley                 $12.9875-13.2000   dn 1.25
_
US 2 Heavy White Oats in dollars per CWT     $11.0000           unch

Exporter offers on   Thursday  night for June         shipment FOB vessel in
dollars per bushel:

 US 2 or btr Soft White Wheat                    NA
 US 2 or btr Western White Wheat                 NA
 US 2 or btr Hard Red Winter Wheat, ord.%        NA
 US 2 or btr Hard Red Winter Wheat, 11.5%        NA
 US 2 or btr Hard Red Winter Wheat, 13%          NA
 US 2 or btr Northern Spring Wheat, 13%          NA
 US 2 or btr Dk Northern Spring Wheat, 14%       NA
 US 2 or btr Northern Spring Wheat, 14.5%        NA
 US 2 Barley                                     NA
 US 3 Yellow Corn                                NA
_
Exporter Bids Portland Rail/Barge  Apr 2008
  Averages in Dollars per bushel
_
  No. 1 Soft White                           $10.26
  No. 1 Hard Red Winter (Ordinary protein)    NA
  No. 1 Hard Red Winter (11.5% protein)      $10.64
  No. 1 Dark Northern Spring (14% protein)    NA
  No. 2 Barley                                NA
_
Source:       USDA Market News Service, Portland, OR

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