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USDA-JO: Pacific NW Wheat Basis Report

Portland, OR - Thu May 17, 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
    May                                 77.5 to 93        +N dn 3.25-3
    Jun                                 77.5 to 98        +N dn 3.25-unch
    Jul                                 77.5 to 93        +N dn 3.25-unch
    Aug NC                              60.5 to 65        +U dn 3.25-unch
    Sep                                 60.5 to 70        +U dn 3.25-unch
  Guaranteed maximum 10.5 pct protein
    May                                 77.5 to 93        +N dn 3.25-unch
    Jun                                 77.5 to 98        +N dn 3.25-unch
    Jul                                 77.5 to 93        +N dn 3.25-unch
    Aug NC                              58.5 to 70        +U dn 6.25-unch
    Sep                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    May                                 77.5 to 93        +N dn 3.25-3
  Guaranteed maximum 10.5 pct protein
    May                                 77.5 to 93        +N dn 3.25-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       50 to 65          +N unch
  11 pct protein                        105 to 125        +N unch
  11.5 pct protein
    May                                 125 to 145        +N unch
    Jun                                 125 to 145        +N unch
    Jul                                 100 to 140        +N unch
    Aug NC                              90 to 115         +U unch
    Sep                                 110 to 115        +U unch
  12 pct protein                        135 to 155        +N unch
  13 pct protein                        155 to 185        +N 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                        110 to 133        +N unch
  14 pct protein
    May                                 150 to 165        +N unch
    Jun                                 145 to 150        +N unch
    Jul                                 140 to 150        +N unch
    Aug NC                              120 to 130        +U unch
    Sep                                 115 to 125        +U unch
 15 pct protein                         174 to 181        +N unch
 16 pct protein                         197 to 203        +N unch
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                 115 to 120        +N unch-up 5
    Jun                                 108 to 115        +N unch-up 5
    Jul                                 105 to 110        +N unch-up 3
    Aug                                 100 to 104        +U unch
    Sep                                 80 to 85          +U unch
    Oct                                 80 to 85          +Z unch
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                 NA
    Jun                                 NA
    Jul                                 NA
    Aug                                 NA
    Oct                                 75 to 85          +X unch
    Nov                                 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

11:54P nd

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