USDA U.S. Department of Agriculture - April 24, 2019
JO_GR111
Portland, OR Wed Apr 24, 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 5.25 to 9.25 cents per bushel
lower compared to Tuesday’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 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 April
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 April
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 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 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 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 147.75 to 157.75 +K
May 152.75 to 162.75 +K
Jun 146.75 to 156.75 +N
Jul 121.75 to 145.75 +N
Aug NC 109.75 to 134.75 +U
Guaranteed maximum 10.5 pct protein
Apr 147.75 to 157.75 +K
May 152.75 to 157.75 +K
Jun 146.75 to 151.75 +N
Jul 121.75 to 136.75 +N
Aug NC 109.75 to 124.75 +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Apr 147.75 to 157.75 +K
Guaranteed maximum 10.5 pct protein
Apr 147.75 to 157.75 +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 130 +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 115 to 115 +K
May 107 to 110 +K
Jun 92 to 94 +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 67 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
8:47 P nd
