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USDA - AMS: Pacific NW Wheat Basis Report (2019-06-03)

USDA U.S. Department of Agriculture - June 3, 2019


JO_GR111
Portland, OR    Mon Jun 03, 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 July wheat futures trended 11.75 to 16.50 cents per
bushel higher compared to Friday’s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for June 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 June
delivery were not well tested in early trading, but bids were indicated as
higher 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 June
delivery were not well tested in early trading, but bids were indicated as
higher 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 June delivery were not well tested in early trading, but bids were
indicated as higher 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 June were not well tested in early trading, but bids were
indicated as higher compared to Friday’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
    Jun                                 59.25 to 99.25    +N
    Jul                                 59.25 to 91.25    +N
    Aug NC                              53 to 83          +U
    Sep                                 53 to 83          +U
    Oct                                 69 to 75          +Z
  Guaranteed maximum 10.5 pct protein
    Jun                                 59.25 to 99.25    +N
    Jul                                 59.25 to 89.25    +N
    Aug NC                              53 to 83          +U
    Sep                                 53 to 83          +U
    Oct                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jun                                 59.25 to 99.25    +N
  Guaranteed maximum 10.5 pct protein
    Jun                                 59.25 to 99.25    +N
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       149 to 154        +N
  11 pct protein                        163 to 168        +N
  11.5 pct protein
    Jun                                 170 to 175        +N
    Jul                                 130 to 170        +N
    Aug NC                              115 to 130        +U
    Sep                                 NA
    Oct                                 NA
  12 pct protein                        170 to 175        +N
  13 pct protein                        170 to 175        +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                        64 to 82          +N
  14 pct protein
    Jun                                 80 to 90          +N
    Jul                                 80 to 90          +N
    Aug NC                              80 to 85          +U
    Sep                                 NA
    Oct                                 NA
 15 pct protein                         85 to 90          +N
 16 pct protein                         85 to 90          +N
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jun                                 86 to 91          +N
    Jul                                 84 to 87          +N
    Aug                                 84 to 85          +U
    Sep                                 85 to 88          +U
    Oct                                 83 to 88          +Z
    Nov                                 85 to 88          +Z
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jun                                 60 to 60          +N
    Jul                                 58 to 58          +N
    Aug                                 55 to 55          +Q
    Sep                                 22 to 22          +X
    Oct                                 22 to 22          +X
    Nov                                 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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