Pacific NW Wheat Basis Report


JO_GR111
Portland, OR Thu Sep 12, 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 4.50 cents per
bushel higher compared to Wednesday?s closes. December wheat futures trended
0.75 of a cent to 3.50 cents per bushel higher.

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
higher 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 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
Sep 91.5 to 101.5 +Z
Oct 91.5 to 106.5 +Z
Nov NA
Dec NA
Jan NA
Guaranteed maximum 10.5 pct protein
Sep 91.5 to 101.5 +Z
Oct 91.5 to 106.5 +Z
Nov 97.5 to 108.5 +Z
Dec 100.5 to 110.5 +Z
Jan NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Sep 91.5 to 101.5 +Z
Guaranteed maximum 10.5 pct protein
Sep 91.5 to 101.5 +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protei 100 to 110 +Z
11 pct protein 120 to 130 +Z
11.5 pct protein
Sep 130 to 140 +Z
Oct 130 to 145 +Z
Nov 135 to 150 +Z
Dec 140 to 155 +Z
Jan NA
12 pct protein 135 to 145 +Z
13 pct protein 145 to 155 +Z
_
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 64 +Z
14 pct protein
Sep 75 to 80 +Z
Oct 75 to 85 +Z
Nov 85 to 85 +Z
Dec 85 to 90 +Z
Jan NA
15 pct protein 75 to 88 +Z
16 pct protein 75 to 96 +Z
_
US 2 Yellow Corn
Shuttle trains-Delivered full coast Pacific Northwest-BN
Sep 87 to 90 +Z
Oct 86 to 86 +Z
Nov 88 to 90 +Z
Dec 93 to 95 +Z
Jan 93 to 93 +H
Feb 93 to 95 +H
_
US 1 Yellow Soybeans
Shuttle trains-Delivered full coast Pacific Northwest-BN
Sep 30 to 30 +X
Oct 30 to 32 +X
Nov 40 to 40 +X
Dec 45 to 45 +F
Jan 50 to 50 +F
Feb 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

8:44 P nd