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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Mon Mar 20, 2017 - USDA Market News


Pacific NW Basis Report:  Morning soft white wheat, hard red
winter wheat, dark northern spring wheat, corn and soybean basis
for Portland delivery.  All bids in cents per bushel.
Bids are limited and not fully established in early trading.

   Bids for grains delivered to Portland, Oregon in dollars per bushel.

   In early trading May wheat futures trended 0.25 of a cent to 7.50 cents
per bushel lower compared to Friday’s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for March delivery for ordinary protein were not well tested in
early trading, but were indicated as lower compared to Friday’s noon
bids for the same delivery period.  Some exporters were not issuing bids
for nearby delivery.  Bids for guaranteed maximum 10.5 percent protein
were not well tested early trading, but were indicated as steady to lower
compared to Friday’s bids for the same delivery period.  Some exporters
were not issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for March
delivery were not well tested in early trading, but were indicated as
lower compared to Friday’s noon bids.  Some exporters were not
issuing bids for nearby delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for March
delivery were not well tested in early trading, but were indicated as
lower compared to Friday’s noon bids.  Some exporters are not issuing
bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle
trains during March were not well tested in early trading, but bids were
indicated as lower compared to Friday’s noon bids for the same delivery
period.  Some exporters were not issuing bids for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during March were not well tested in early trading, but bids were
indicated as higher compared to Friday’s noon bids for the same delivery
period.  Some exporters were not issuing bids for nearby delivery.

Bids as of 9:30 a.m. Pacific time; Subject to change

US 1 Soft White Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Mar                                  20 to 35          +K
    Apr                                  20 to 45.5        +K
    May                                  20 to 45.5        +K
    Jun                                  10 to 28.75       +N
    Aug NC                               -5 to 5.75        +U
  Guaranteed maximum 10.5 pct protein
    Mar                                  20 to 48.5        +K
    Apr                                  20 to 48.5        +K
    May                                  20 to 48.5        +K
    Jun                                  NA
    Aug NC                               0 to 18.75        +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Mar                                  20 to 45          +K
  Guaranteed maximum 10.5 pct protein
    Mar                                  30 to 50          +K
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein                       -10 to 15         +K
  11 pct protein                         50 to 75          +K
  11.5 pct protein
    Mar                                  80 to 105         +K
    Apr                                  80 to 100         +K
    May                                  80 to 95          +K
    Jun                                  75 to 85          +N
    Aug NC                               60 to 75          +U
  12 pct protein                         95 to 120         +K
  13 pct protein                         125 to 150        +K
_
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)
  13 pct protein                         44 to 75          +K
  14 pct protein
    Mar                                  100 to 135        +K
    Apr                                  100 to 135        +K
    May                                  100 to 135        +K
    Jun                                  100 to 125        +N
    Aug NC                               115 to 120        +U
 15 pct protein                          132 to 175        +K
 16 pct protein                          164 to 215        +K
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Mar                                  70 to 80          +K
    Apr                                  78 to 81          +K
    May                                  75 to 80          +K
    Jun                                  66 to 72          +N
    Jul                                  66 to 72          +N
    Aug                                  NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Mar                                  55 to 60          +K
    Apr                                  60 to 65          +K
    May                                  60 to 65          +K
    Oct                                  88 to 90          +X
    Nov                                  82 to 84          +X
_
BASIS REPORT SYMBOLS:
January-F; February-G; March-H; April-J; May-K; June-M; July-N;
August-Q; September-U; October-V; November-X; December-Z

Source:     USDA Market News Service, Portland, OR
            Niki Davila 503-326-2237  Portland.LPGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/jo_gr111.txt
            www.ams.usda.gov/lpsmarketnewspage

8:46  P nd

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