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USDA - AMS: Pacific NW Wheat Basis Report (2018-12-18)

USDA U.S. Department of Agriculture - December 18, 2018


JO_GR111
Portland, OR    Tue Dec 18, 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 two to 5.25 cents per
bushel lower compared to Monday’s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for December delivery for ordinary protein were not well tested in
early trading, but bids were indicated as steady compared to Monday’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 steady compared
to Monday’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 December
delivery were not well tested in early trading, but bids were indicated as
lower compared to Monday’s noon 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 December
delivery were not well tested in early trading, but bids were indicated as
lower compared to Monday’s noon bids for the same delivery period.
Some exporters were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during December delivery were not available in early trading as most
exporters were not issuing bids for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during December were not available in early trading as most
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
    Dec                                 81.75 to 96.75    +H
    Jan                                 84.75 to 96.75    +H
    Feb                                 87.75 to 99.75    +H
    Mar                                 90.75 to 101.75   +H
    Apr                                 88.75 to 94.75    +K
  Guaranteed maximum 10.5 pct protein
    Dec                                 81.75 to 96.75    +H
    Jan                                 84.75 to 96.75    +H
    Feb                                 87.75 to 99.75    +H
    Mar                                 90.75 to 101.75   +H
    Apr                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Dec                                 81.75 to 96.75    +H
  Guaranteed maximum 10.5 pct protein
    Dec                                 81.75 to 96.75    +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       130 to 145        +H
  11 pct protein                        150 to 155        +H
  11.5 pct protein
    Dec                                 160 to 160        +H
    Jan                                 160 to 164        +H
    Feb                                 160 to 167        +H
    Mar                                 160 to 170        +H
    Apr                                 NA
  12 pct protein                        160 to 165        +H
  13 pct protein                        160 to 175        +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                        90 to 109         +H
  14 pct protein
    Dec                                 110 to 117        +H
    Jan                                 115 to 120        +H
    Feb                                 118 to 123        +H
    Mar                                 121 to 126        +H
    Apr                                 NA
 15 pct protein                         110 to 123        +H
 16 pct protein                         110 to 131        +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Dec                                 NA
    Jan                                 95 to 102         +H
    Feb                                 102 to 105        +H
    Mar                                 90 to 98          +H
    Apr                                 90 to 90          +K
    May                                 90 to 90          +K
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Dec                                 NA
    Jan                                 65 to 65          +F
    Feb                                 60 to 60          +H
    Mar                                 60 to 60          +H
    Apr                                 NA
    May                                 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

8:43 P nd

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