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USDA - AMS: Pacific NW Wheat Basis Report (2019-08-15)

USDA U.S. Department of Agriculture - August 15, 2019


JO_GR111
Portland, OR    Thu Aug 15, 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 September wheat futures trended mixed, from three cents
lower to three cents per bushel higher compared to Wednesday’s closes, with
the greatest decline in Chicago soft red wheat and the advance in Chicago
hard red wheat.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for August 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 August
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 14 percent protein US 1 Dark Northern Spring Wheat for August
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 August 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 August were not a 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 as of 9:30 a.m. Pacific time; Subject to change

US 1 Soft White Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Aug                                 84.25 to 104.25   +U
    Sep                                 104.25 to 109.25  +U
    Oct                                 106 to 107        +Z
    Nov                                 108 to 109        +Z
    Dec                                 110 to 111        +Z
  Guaranteed maximum 10.5 pct protein
    Aug                                 99.25 to 104.25   +U
    Sep                                 104.25 to 109.25  +U
    Oct                                 NA
    Nov                                 NA
    Dec                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Aug                                 84.25 to 104.25   +U
  Guaranteed maximum 10.5 pct protein
    Aug                                 99.25 to 104.25   +U
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       100 to 105        +U
  11 pct protein                        115 to 120        +U
  11.5 pct protein
    Aug                                 125 to 130        +U
    Sep                                 130 to 145        +U
    Oct                                 125 to 135        +Z
    Nov                                 128 to 140        +Z
    Dec                                 130 to 145        +Z
  12 pct protein                        130 to 135        +U
  13 pct protein                        140 to 145        +U
_
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                        55 to 59          +U
  14 pct protein
    Aug                                 75 to 75          +U
    Sep                                 75 to 80          +U
    Oct                                 75 to 75          +Z
    Nov                                 78 to 80          +Z
    Dec                                 80 to 81          +Z
 15 pct protein                         75 to 83          +U
 16 pct protein                         75 to 91          +U
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Aug                                 87 to 90          +U
    Sep                                 86 to 90          +U
    Oct                                 83 to 85          +Z
    Nov                                 85 to 85          +Z
    Dec                                 85 to 88          +Z
    Jan                                 92 to 93          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Aug                                 48 to 48          +X
    Sep                                 47 to 47          +X
    Oct                                 40 to 40          +X
    Nov                                 50 to 50          +X
    Dec                                 48 to 48          +F
    Jan                                 50 to 50          +F
_
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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