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USDA - AMS: Pacific NW Wheat Basis Report (2019-08-27)

USDA U.S. Department of Agriculture - August 27, 2019


JO_GR111
Portland, OR    Tue Aug 27, 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 steady to 2.25 cents per
bushel higher compared to Monday’s closes.

   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 Monday’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
Monday’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
steady compared to Monday’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
higher compared to Monday’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 available in early trading. 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 available in early trading.  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                                 80.5 to 100.5     +U
    Sep                                 105.5 to 108.5    +U
    Oct                                 106.5 to 106.5    +Z
    Nov                                 108.5 to 108.5    +Z
    Dec                                 108.5 to 110.5    +Z
  Guaranteed maximum 10.5 pct protein
    Aug                                 100.5 to 100.5    +U
    Sep                                 105.5 to 105.5    +U
    Oct                                 NA
    Nov                                 NA
    Dec                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Aug                                 80.5 to 100.5     +U
  Guaranteed maximum 10.5 pct protein
    Aug                                 100.5 to 100.5    +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 125        +U
  11.5 pct protein
    Aug                                 125 to 130        +U
    Sep                                 130 to 145        +U
    Oct                                 130 to 135        +Z
    Nov                                 135 to 140        +Z
    Dec                                 140 to 145        +Z
  12 pct protein                        130 to 140        +U
  13 pct protein                        140 to 150        +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                                 NA
    Sep                                 92 to 93          +U
    Oct                                 NA
    Nov                                 NA
    Dec                                 NA
    Jan                                 93 to 93          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Aug                                 NA
    Sep                                 45 to 45          +X
    Oct                                 40 to 40          +X
    Nov                                 47 to 47          +X
    Dec                                 53 to 53          +F
    Jan                                 57 to 57          +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

8:42 P nd

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