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USDA - AMS: Pacific NW Wheat Basis Report (2019-01-30)

USDA U.S. Department of Agriculture - January 30, 2019


JO_GR111
Portland, OR    Wed Jan 30, 2019    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 0.50 of a cent
lower to 1.25 cents per bushel higher compared to Tuesday’s noon closes,
with the decline in Chicago hard red wheat and the greatest advance in
Minneapolis dark northern spring wheat.

   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 compared to Tuesday’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 Tuesday’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
lower compared to Tuesday’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 January
delivery were not well tested in early trading, but bids were indicated as
higher compared to Tuesday’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 January delivery were not well tested in early trading, and bids had
no recent price comparison available.  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 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
    Jan                                 121.25 to 136.25  +H
    Feb                                 121.25 to 144.25  +H
    Mar                                 121.25 to 144.25  +H
    Apr                                 130.5 to 138.5    +K
    May                                 130.5 to 138.5    +K
  Guaranteed maximum 10.5 pct protein
    Jan                                 121.25 to 136.25  +H
    Feb                                 121.25 to 141.25  +H
    Mar                                 121.25 to 141.25  +H
    Apr                                 130.5 to 135.5    +K
    May                                 130.5 to 135.5    +K
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jan                                 121.25 to 136.25  +H
  Guaranteed maximum 10.5 pct protein
    Jan                                 121.25 to 136.25  +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       129 to 145        +H
  11 pct protein                        143 to 155        +H
  11.5 pct protein
    Jan                                 150 to 160        +H
    Feb                                 155 to 160        +H
    Mar                                 155 to 165        +H
    Apr                                 150 to 160        +K
    May                                 153 to 165        +K
  12 pct protein                        150 to 160        +H
  13 pct protein                        150 to 163        +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                        77 to 85          +H
  14 pct protein
    Jan                                 85 to 105         +H
    Feb                                 95 to 105         +H
    Mar                                 100 to 111        +H
    Apr                                 105 to 111        +K
    May                                 105 to 114        +K
 15 pct protein                         85 to 105         +H
 16 pct protein                         85 to 105         +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 90 to 90          +H
    Feb                                 96 to 100         +H
    Mar                                 102 to 102        +H
    Apr                                 95 to 95          +K
    May                                 91 to 92          +K
    Jun                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 NA
    Feb                                 NA
    Mar                                 NA
    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

8:42 P nd

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