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USDA - AMS: Pacific NW Wheat Basis Report (2019-02-06)

USDA U.S. Department of Agriculture - February 6, 2019


JO_GR111
Portland, OR    Wed Feb 06, 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 0.50 of a cent to 2.25
cents per bushel higher compared to Tuesday’s noon 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 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 February
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 14 percent protein US 1 Dark Northern Spring Wheat for February
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 February 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 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 higher compared to Tuesday’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                                 105.5 to 128.5    +H
    Mar                                 105.5 to 128.5    +H
    Apr                                 118.75 to 126.75  +K
    May                                 118.75 to 126.75  +K
    Jun                                 116.5 to 124.5    +N
  Guaranteed maximum 10.5 pct protein
    Feb                                 105.5 to 122.5    +H
    Mar                                 105.5 to 122.5    +H
    Apr                                 118.75 to 120.75  +K
    May                                 118.75 to 120.75  +K
    Jun                                 116.5 to 118.5    +N
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Feb                                 105.5 to 128.5    +H
  Guaranteed maximum 10.5 pct protein
    Feb                                 105.5 to 122.5    +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       134 to 145        +H
  11 pct protein                        148 to 155        +H
  11.5 pct protein
    Feb                                 155 to 160        +H
    Mar                                 155 to 165        +H
    Apr                                 150 to 160        +K
    May                                 153 to 165        +K
    Jun                                 NA
  12 pct protein                        155 to 162        +H
  13 pct protein                        155 to 166        +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                        80 to 87          +H
  14 pct protein
    Feb                                 95 to 105         +H
    Mar                                 100 to 111        +H
    Apr                                 105 to 111        +K
    May                                 105 to 114        +K
    Jun                                 NA
 15 pct protein                         95 to 105         +H
 16 pct protein                         95 to 105         +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Feb                                 102 to 103        +H
    Mar                                 103 to 103        +H
    Apr                                 96 to 96          +K
    May                                 93 to 94          +K
    Jun                                 NA
    Jul                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Feb                                 60 to 60          +H
    Mar                                 58 to 60          +H
    Apr                                 40 to 40          +K
    May                                 40 to 45          +K
    Jun                                 58 to 58          +N
    Jul                                 60 to 60          +N
_
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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