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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Fri Jan 12, 2018 - 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 March wheat futures trended mixed, from 2.75 cents
lower to 1.50 cents per bushel higher than Thursday’s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for January delivery for ordinary protein were not well tested in
early trading, but bids 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 in early trading, but bids were
indicated as higher compared to Thursday’s noon 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 January
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 January
delivery were not well tested in early trading but bids were indicated as
lower 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 January were not well tested in early trading, but bids were
indicated as mixed compared to Thursday’s 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 January were not well tested in early trading, but bids were
indicated as steady to lower 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
    Jan                                 92.25 to 100      +H
    Feb                                 92.25 to 103      +H
    Mar                                 92.25 to 106      +H
    Apr                                 79.25 to 92       +K
    May                                 79.25 to 92       +K
  Guaranteed maximum 10.5 pct protein
    Jan                                 95.25 to 100      +H
    Feb                                 95.25 to 103      +H
    Mar                                 95.25 to 106      +H
    Apr                                 87.25 to 92       +K
    May                                 87.25 to 92       +K
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jan                                 92.25 to 100.25   +H
  Guaranteed maximum 10.5 pct protein
    Jan                                 98.25 to 100.25   +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       55 to 70          +H
  11 pct protein                        120 to 130        +H
  11.5 pct protein
    Jan                                 150 to 160        +H
    Feb                                 150 to 160        +H
    Mar                                 150 to 160        +H
    Apr                                 NA
    May                                 NA
  12 pct protein                        165 to 175        +H
  13 pct protein                        195 to 215        +H
_
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
  14 pct protein
    Jan                                 115 to 135        +H
    Feb                                 115 to 140        +H
    Mar                                 115 to 140        +H
    Apr                                 135 to 140        +K
    May                                 NA
 15 pct protein                         147 to 167        +H
 16 pct protein                         179 to 199        +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 92 to 97          +H
    Feb                                 92 to 97          +H
    Mar                                 92 to 97          +H
    Apr                                 79 to 84          +K
    May                                 76 to 80          +K
    Jun                                 67 to 72          +N
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 92 to 95          +H
    Feb                                 85 to 92          +H
    Mar                                 78 to 88          +H
    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

8:47 P nd

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