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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Fri Feb 09, 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 3.25 to 7.75 cents per
bushel lower than Thursday’s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for February delivery for ordinary protein were not well tested in
early trading, but bids were indicated as steady to lower 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 well tested in early trading, but bids were indicated
as steady to lower 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 February
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 were not issuing bids for nearby delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for February
delivery were not well tested in early trading but bids were indicated as
lower compared to Thursday’s noon 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 February 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 US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during February were not well tested in early trading, but bids were
indicated as lower compared to Thursday’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
    Feb                                 80 to 94          +H
    Mar                                 80 to 94          +H
    Apr                                 72 to 84.75       +K
    May                                 77 to 87.75       +K
    Aug NC                              18.75 to 50       +U
  Guaranteed maximum 10.5 pct protein
    Feb                                 75 to 91          +H
    Mar                                 80 to 93          +H
    Apr                                 72 to 80.75       +K
    May                                 77 to 83.75       +K
    Aug NC                              48.75 to 50       +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Feb                                 84 to 94          +H
  Guaranteed maximum 10.5 pct protein
    Feb                                 94 to 91          +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       55 to 75          +H
  11 pct protein                        115 to 135        +H
  11.5 pct protein
    Feb                                 145 to 165        +H
    Mar                                 145 to 165        +H
    Apr                                 145 to 155        +K
    May                                 145 to 155        +K
  12 pct protein                        160 to 185        +H
  13 pct protein                        190 to 225        +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                        72 to 82          +H
  14 pct protein
    Feb                                 115 to 130        +H
    Mar                                 115 to 140        +H
    Apr                                 120 to 140        +K
    May                                 120 to 140        +K
 15 pct protein                         152 to 162        +H
 16 pct protein                         181 to 194        +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Feb                                 95 to 97          +H
    Mar                                 95 to 95          +H
    Apr                                 85 to 87          +K
    May                                 80 to 80          +K
    Jun                                 73 to 74          +N
    Jul                                 73 to 74          +N
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Feb                                 78 to 85          +H
    Mar                                 78 to 80          +H
    Apr                                 NA
    May                                 NA
    Jun                                 NA
    Jul                                 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

8:48 P nd

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