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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Tue Sep 12, 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 September wheat futures trended steady to 2.75 cents
per bushel higher than Monday’s closes.  December wheat futures trended one
to 1.75 cents per bushel lower than Monday’s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for September delivery for ordinary protein were not well tested in
early trading, but were indicated as steady compared to Monday’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 compared to
Monday’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 September
delivery were not well tested in early trading, but were indicated as lower
compared to Monday’s noon bids.  Some exporters were not issuing bids for
nearby delivery.

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

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during September were not well tested in early trading, but bids
were indicated as lower compared to Monday’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
    Sep                                 56.25 to 86.25    +Z
    Oct                                 66.25 to 86.25    +Z
    Nov                                 66.25 to 86.25    +Z
    Dec                                 66.25 to 86.25    +Z
    Jan                                 60 to 70.5        +H
  Guaranteed maximum 10.5 pct protein
    Sep                                 56.25 to 86.25    +Z
    Oct                                 66.25 to 86.25    +Z
    Nov                                 66.25 to 86.25    +Z
    Dec                                 66.25 to 86.25    +Z
    Jan                                 60 to 70.5        +H
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Sep                                 56.25 to 86.25    +Z
  Guaranteed maximum 10.5 pct protein
    Sep                                 56.25 to 86.25    +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       1 to 65           +Z
  11 pct protein                        60 to 95          +Z
  11.5 pct protein
    Sep                                 75 to 120         +Z
    Oct                                 100 to 125        +Z
    Nov                                 100 to 125        +Z
    Dec                                 100 to 125        +Z
    Jan                                 NA
  12 pct protein                        90 to 135         +Z
  13 pct protein                        120 to 165        +Z
_
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                        54 to 74          +Z
  14 pct protein
    Sep                                 90 to 110         +Z
    Oct                                 110 to 120        +Z
    Nov                                 110 to 125        +Z
    Dec                                 110 to 125        +Z
    Jan                                 NA
 15 pct protein                         98 to 142         +Z
 16 pct protein                         106 to 174        +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Sep                                 47 to 54          +Z
    Oct                                 68 to 72          +Z
    Nov                                 65 to 70          +Z
    Dec                                 72 to 72          +Z
    Jan                                 72 to 72          +H
    Feb                                 72 to 72          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Sep                                 78 to 88          +X
    Oct                                 80 to 86          +X
    Nov                                 78 to 86          +X
    Dec                                 84 to 84          +F
    Jan                                 84 to 84          +F
    Feb                                 NA
_
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 503-535-5001  Portland.LPGMN@ams.usda.gov
           24 Hour Market Report  503-535-5005
           www.ams.usda.gov/mnreports/jo_gr111.txt
           www.ams.usda.gov/lpsmarketnewspage

8:47 P nd

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