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USDA Grain Bid Summary for May 11

PORTLAND - May 11/04 - SNS -- Bids for corn, soybeans and wheat delivered to various port locations in the United States are summarized in the latest daily update from the USDA.


Bids for grains for 30-day delivery to United States export ports
in dollars per bushel and changes in cents per bushel.


------------------------------------------------------------------------------------------
Grade/Class |US 2 Yellow|US 1 Yellow| US 2 SRW  | US 1 HRW  | US 1 DNS | US 1 SWH
Grain       |   Corn    | Soybeans  |   Wheat   |  Wheat    |  Wheat   |  Wheat
Protein     |    NA     |    NA     |    NA     | Ordinary  |14 Percent|    NA
------------------------------------------------------------------------------------------
Gulf        |3.24 1/4-  |10.72 1/4- |3.99       |NQ         |NQ        |NQ
Louisiana   |3.24 3/4   |10.74 1/4  |           |           |          |
barge       |up 1 1/4   |up 9 3/4-  |dn 6 1/4-  |           |          |
delivery    |           |up 10 3/4  |dn 8 1/4   |           |          |
------------------------------------------------------------------------------------------
Gulf        |NQ         |NQ         |NQ         |4.43-      |NQ        |NQ
Houston     |           |           |           |4.47       |          |
            |           |           |           |dn 9-      |          |
            |           |           |           |dn 8       |          |
------------------------------------------------------------------------------------------
Pacific     |NQ         |NQ         |NQ         |4.52-      |5.09-     |4.28-
Northwest   |           |           |           |4.57       |5.13      |4.31
Portland    |           |           |           |dn 6-      |dn 5      |up 1-
r,t,+barge  |           |           |           |dn 8       |          |dn 2
------------------------------------------------------------------------------------------
Great Lakes |2.89 1/4-  |10.33 1/4- |3.69       |NQ         |NQ        |NA
Toledo      |2.91 1/4   |10.37 1/4  |           |           |          |
            |up 3/4     |up 9 3/4   |dn 6 1/4   |           |          |
            |           |           |           |           |          |
------------------------------------------------------------------------------------------
Great Lakes |2.90 1/4-  |10.34 1/4- |3.69-      |NQ         |NQ        |NQ
Chicago     |2.98 1/4   |10.55 1/4  |3.75       |           |          |
            |up 3/4-    |up 9 3/4-  |dn 6 1/4   |           |          |
            |up 1 3/4   |up 12 3/4  |           |           |          |
------------------------------------------------------------------------------------------
Great Lakes |NQ         |NQ         |NQ         |NQ         |4.38 3/4  |NQ
Duluth -    |           |           |           |           |          |
Superior    |           |           |           |           |dn 4 3/4  |
truck       |           |           |           |           |          |
delivery    |           |           |           |           |          |
------------------------------------------------------------------------------------------
Atlantic    |           |10.42      |3.70       |NQ         |NQ        |NQ
Coast       |           |           |           |           |          |
Norfolk     |           |up 9       |dn 6       |           |          |
            |           |           |           |           |          |
------------------------------------------------------------------------------------------
NQ = No quote            Note:  Portland Soft White Wheat bids are for No. 1 and
NC = New crop                   Toledo bids are for No. 2 Soft White Wheat.

Source:  USDA Market News            Lowell Serfling        (503) 326-2237

---

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