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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Wed Jan 03, 2018 - USDA Market News


Pacific NW Basis Report:  Afternoon soft white wheat, hard red
winter wheat, dark northern spring wheat, corn and soybean basis
at midday for Portland delivery.  All bids in cents per bushel.

Bids as of 12:30 p.m. Pacific time; Subject to change
US 1 Soft White Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jan                                 89 to 95          +H dn 2.5-2
    Feb                                 89 to 97          +H dn 2.5-up 0.5
    Mar                                 91 to 100         +H dn 2.5-unch
    Apr                                 78.75 to 88       +K dn 2-up 1
    May                                 78.75 to 90       +K dn 2-unch
  Guaranteed maximum 10.5 pct protein
    Jan                                 89 to 95          +H dn 1-2
    Feb                                 89 to 97          +H dn 1-up 0.5
    Mar                                 93 to 100         +H dn 0.5-unch
    Apr                                 81.75 to 88       +K dn 2-up 1
    May                                 81.75 to 90       +K dn 2-unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jan                                 89 to 99          +H dn 2.5
  Guaranteed maximum 10.5 pct protein
    Jan                                 89 to 99          +H dn 2.5
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       55 to 65          +H unch
  11 pct protein                        120 to 130        +H unch
  11.5 pct protein
    Jan                                 145 to 155        +H unch
    Feb                                 145 to 155        +H unch
    Mar                                 150 to 155        +H unch
    Apr                                 NA
    May                                 NA
  12 pct protein                        165 to 175        +H unch
  13 pct protein                        195 to 215        +H unch
_
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                        67 to 87          +H unch
  14 pct protein
    Jan                                 115 to 135        +H unch
    Feb                                 115 to 140        +H unch
    Mar                                 115 to 140        +H unch
    Apr                                 NA
    May                                 NA
 15 pct protein                         147 to 167        +H unch
 16 pct protein                         179 to 199        +H unch
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 90 to 92          +H unch
    Feb                                 90 to 92          +H unch-up 1
    Mar                                 91 to 92          +H unch-up 1
    Apr                                 80 to 80          +K unch
    May                                 70 to 80          +K unch
    Jun                                 65 to 66          +N no comp
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 85 to 88          +F up 1-unch
    Feb                                 73 to 85          +H up 1-unch
    Mar                                 NA
    Apr                                 NA
    May                                 NA
    Jun                                 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

11:43P nd

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