Pacific NW Wheat Basis Report


JO_GR111
Portland, OR Thu Dec 06, 2018 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.

Compared to Tuesday, early trading March wheat futures trended 5.75 to
10.25 cents per bushel lower than Tuesday?s noon bids.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for December 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 December
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 December
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 December delivery were not well tested in early trading, but bids
were indicated as mixed 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 December 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
Dec 100.75 to 115.75 +H
Jan 103.75 to 111.75 +H
Feb 106.75 to 115.75 +H
Mar 109.75 to 118.75 +H
Apr 104.75 to 114.75 +K
Guaranteed maximum 10.5 pct protein
Dec 100.75 to 115.75 +H
Jan 103.75 to 107.75 +H
Feb 106.75 to 110.75 +H
Mar 109.75 to 110.75 +H
Apr NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Dec 105.75 to 115.75 +H
Guaranteed maximum 10.5 pct protein
Dec 105.75 to 115.75 +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protein 130 to 149 +H
11 pct protein 145 to 163 +H
11.5 pct protein
Dec 150 to 170 +H
Jan 160 to 160 +H
Feb 160 to 165 +H
Mar 160 to 170 +H
Apr NA
12 pct protein 150 to 170 +H
13 pct protein 150 to 175 +H
_
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 80 to 115 +H
14 pct protein
Dec 100 to 123 +H
Jan 105 to 118 +H
Feb 121 to 122 +H
Mar 124 to 125 +H
Apr NA
15 pct protein 100 to 126 +H
16 pct protein 100 to 134 +H
_
US 2 Yellow Corn
Shuttle trains-Delivered full coast Pacific Northwest-BN
Dec 96 to 98 +H
Jan 98 to 100 +H
Feb 98 to 98 +H
Mar 90 to 95 +H
Apr 90 to 90 +K
May 90 to 90 +K
_
US 1 Yellow Soybeans
Shuttle trains-Delivered full coast Pacific Northwest-BN
Dec NA
Jan NA
Feb NA
Mar NA
Apr NA
May 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

10:53 P nd