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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Fri Nov 10, 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 December wheat futures trended one to five cents per
bushel higher than Thursday’s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for November delivery for ordinary protein were not well tested in
early trading, but were indicated as steady to higher compared to
Thursday’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 higher compared to Thursday’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 November
delivery were not well tested in early trading but bids were indicated as
higher compared to Thursday’s bids for the same delivery period.  Some
exporters were not issuing bids for nearby delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for November
delivery were not well tested in early trading but bids were indicated as
higher compared to Thursday’s bids for the same delivery period.  Some
exporters are not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during November were not available in early trading as most exporters were
not issuing bids for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during November were not well tested in early trading but bids were
indicated as higher compared to Thursday’s 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
    Nov                                 92.75 to 101.75   +Z
    Dec                                 97.75 to 101.75   +Z
    Jan                                 84.5 to 90.5      +H
    Feb                                 85.5 to 90.5      +H
    Mar                                 89 to 90.5        +H
  Guaranteed maximum 10.5 pct protein
    Nov                                 96.75 to 101.75   +Z
    Dec                                 98 to 101.75      +Z
    Jan                                 85 to 90.5        +H
    Feb                                 85.5 to 90.5      +H
    Mar                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Nov                                 92.75 to 106.75   +Z
  Guaranteed maximum 10.5 pct protein
    Nov                                 96 to 106.75      +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       65 to 105         +Z
  11 pct protein                        125 to 155        +Z
  11.5 pct protein
    Nov                                 155 to 170        +Z
    Dec                                 155 to 170        +Z
    Jan                                 135 to 150        +H
    Feb                                 150 to 152        +H
    Mar                                 150 to 155        +H
  12 pct protein                        170 to 180        +Z
  13 pct protein                        200 to 210        +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                        80 to 93          +Z
  14 pct protein
    Nov                                 120 to 130        +Z
    Dec                                 110 to 135        +Z
    Jan                                 110 to 135        +H
    Feb                                 110 to 135        +H
    Mar                                 110 to 135        +H
 15 pct protein                         141 to 162        +Z
 16 pct protein                         157 to 194        +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Nov                                 NA
    Dec                                 70 to 78          +Z
    Jan                                 67 to 72          +H
    Feb                                 70 to 73          +H
    Mar                                 71 to 73          +H
    Apr                                 60 to 64          +K
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Nov                                 60 to 70          +X
    Dec                                 59 to 70          +F
    Jan                                 57 to 68          +F
    Feb                                 NA
    Mar                                 NA
    Apr                                 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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