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USDA - AMS: Pacific NW Wheat Basis Report (2019-04-18)

USDA U.S. Department of Agriculture - April 18, 2019


JO_GR111
Portland, OR    Thu Apr 18, 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 May wheat futures trended 1.25 to 5.75 cents per bushel
lower compared to Wednesday’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 steady compared to Wednesday’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 Wednesday’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 Wednesday’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 April
delivery were not well tested in early trading, but bids were indicated as
lower compared to Wednesday’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 April delivery were not well tested in early trading, but bids were
indicated as higher compared to Wednesday’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 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
    Apr                                 148.75 to 148.75  +K
    May                                 148.75 to 153.75  +K
    Jun                                 145.25 to 150.25  +N
    Jul                                 125.25 to 139.25  +N
    Aug NC                              108.25 to 128.25  +U
  Guaranteed maximum 10.5 pct protein
    Apr                                 148.75 to 148.75  +K
    May                                 148.75 to 148.75  +K
    Jun                                 145.25 to 145.25  +N
    Jul                                 125.25 to 130.25  +N
    Aug NC                              108.25 to 118.25  +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Apr                                 148.75 to 148.75  +K
  Guaranteed maximum 10.5 pct protein
    Apr                                 148.75 to 148.75  +K
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       149 to 174        +K
  11 pct protein                        163 to 188        +K
  11.5 pct protein
    Apr                                 170 to 195        +K
    May                                 160 to 190        +K
    Jun                                 140 to 180        +N
    Jul                                 85 to 125         +N
    Aug NC                              85 to 100         +U
  12 pct protein                        170 to 195        +K
  13 pct protein                        170 to 195        +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                        85 to 107         +K
  14 pct protein
    Apr                                 105 to 115        +K
    May                                 105 to 110        +K
    Jun                                 105 to 108        +N
    Jul                                 100 to 105        +N
    Aug NC                              80 to 95          +U
 15 pct protein                         105 to 123        +K
 16 pct protein                         105 to 133        +K
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Apr                                 109 to 111        +K
    May                                 108 to 110        +K
    Jun                                 92 to 93          +N
    Jul                                 NA
    Aug                                 NA
    Sep                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Apr                                 NA
    May                                 NA
    Jun                                 60 to 60          +N
    Jul                                 65 to 68          +N
    Aug                                 68 to 70          +Q
    Sep                                 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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