Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

USDA - AMS: Pacific NW Wheat Basis Report (2019-05-06)

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


JO_GR111
Portland, OR    Mon May 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 May wheat futures trended steady to 6.75 cents per
bushel lower compared to Friday’s noon closes.  July wheat futures trended
steady to 2.50 cents per bushel lower compared to Friday’s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for May delivery for ordinary protein were not well tested in early
trading, but bids were indicated as steady compared to Friday’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
Friday’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 May
delivery were not well tested in early trading, but bids were indicated as
steady compared to Friday’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 May
delivery were not well tested in early trading, but bids were indicated as
lower compared to Friday’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 May delivery were not well tested in early trading, but bids were
indicated as lower compared to Friday’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 May 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
    May                                 123.5 to 153.5    +N
    Jun                                 131.5 to 153.5    +N
    Jul                                 123.5 to 133.5    +N
    Aug NC                              115.25 to 125.25  +U
    Sep                                 NA
  Guaranteed maximum 10.5 pct protein
    May                                 138.5 to 153.5    +N
    Jun                                 138.5 to 153.5    +N
    Jul                                 123.5 to 123.5    +N
    Aug NC                              115.25 to 125.25  +U
    Sep                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    May                                 123.5 to 153.5    +N
  Guaranteed maximum 10.5 pct protein
    May                                 138.5 to 153.5    +N
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       139 to 164        +N
  11 pct protein                        153 to 178        +N
  11.5 pct protein
    May                                 160 to 185        +N
    Jun                                 140 to 180        +N
    Jul                                 85 to 135         +N
    Aug NC                              85 to 110         +U
    Sep                                 NA
  12 pct protein                        160 to 185        +N
  13 pct protein                        160 to 185        +N
_
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 92          +N
  14 pct protein
    May                                 100 to 105        +N
    Jun                                 95 to 100         +N
    Jul                                 90 to 100         +N
    Aug NC                              80 to 95          +U
    Sep                                 NA
 15 pct protein                         100 to 105        +N
 16 pct protein                         100 to 105        +N
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                 104 to 106        +N
    Jun                                 93 to 96          +N
    Jul                                 90 to 90          +N
    Aug                                 NA
    Sep                                 NA
    Oct                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                 NA
    Jun                                 60 to 60          +N
    Jul                                 67 to 68          +N
    Aug                                 68 to 68          +Q
    Sep                                 NA
    Oct                                 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

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.


Extreme Futures: Movers & Shakers

Hottest

Actives

Gainers

Today's Hottest Futures
Market Last Vol % Chg
Loading...

close_icon
open_icon