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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Mon Apr 16, 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 May wheat futures trended 7.50 to 14.50 cents per
bushel lower than Friday’s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for April delivery for ordinary protein were not well tested in
early trading, but bids were indicated as mixed compared to Friday’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 mixed compared to
Friday’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 April
delivery were not well tested in early trading but bids were indicated as
lower compared to Friday’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 April
delivery were not well tested in early trading but bids were indicated as
lower compared to Friday’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 April were not well tested in early trading, but bids were indicated
as lower compared to Friday’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 April were not well tested in early trading, but bids were
indicated as lower compared to Friday’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
    Apr                                 111 to 125        +K
    May                                 116 to 125        +K
    Jun                                 103.75 to 105.75  +N
    Jul                                 93.75 to 105.75   +N
    Aug NC                              51 to 76          +U
  Guaranteed maximum 10.5 pct protein
    Apr                                 111 to 125        +K
    May                                 116 to 125        +K
    Jun                                 103.75 to 104     +N
    Jul                                 93.75 to 99       +N
    Aug NC                              51 to 76          +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Apr                                 111 to 125        +K
  Guaranteed maximum 10.5 pct protein
    Apr                                 111 to 125        +K
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       60 to 85          +K
  11 pct protein                        120 to 135        +K
  11.5 pct protein
    Apr                                 145 to 160        +K
    May                                 145 to 160        +K
    Jun                                 130 to 145        +N
    Jul                                 123 to 130        +N
    Aug NC                              100 to 110        +U
  12 pct protein                        155 to 175        +K
  13 pct protein                        175 to 205        +K
_
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                        95 to 120         +K
  14 pct protein
    Apr                                 135 to 160        +K
    May                                 130 to 150        +K
    Jun                                 140 to 140        +N
    Jul                                 130 to 140        +N
    Aug NC                              NA
 15 pct protein                         159 to 184        +K
 16 pct protein                         183 to 208        +K
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Apr                                 124 to 125        +K
    May                                 120 to 125        +K
    Jun                                 112 to 115        +N
    Jul                                 110 to 112        +N
    Aug                                 105 to 106        +U
    Sep                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Apr                                 93 to 93          +K
    May                                 93 to 93          +K
    Jun                                 92 to 93          +N
    Jul                                 92 to 95          +N
    Aug                                 NA
    Oct                                 93 to 93          +X
_
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

8:49 P nd

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