Pacific NW Wheat Basis Report


JO_GR111
Portland, OR Fri Nov 08, 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 December wheat futures trended steady to 1.75 cents per
bushel lower compared to Thursday?s noon closes.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for November delivery for ordinary protein were not well tested in
early trading, but bids were steady compared to Thursday?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
Thursday?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 November
delivery were not well tested in early trading, but bids were indicated as
steady compared to Thursday?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 November
delivery were well tested in early trading, but bids were indicated as lower
compared to Thursday?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 November delivery were not well tested in early trading, but bids were
indicated as lower compared to Thursday?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 November were not well tested in early trading, but bids were
indicated as lower compared to Thursday?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
Nov 84 to 89 +Z
Dec 89 to 94 +Z
Jan 89.5 to 92.5 +H
Feb NA
Mar NA
Guaranteed maximum 10.5 pct protein
Nov 84 to 99 +Z
Dec 89 to 104 +Z
Jan 89.5 to 102.5 +H
Feb 95.5 to 105.5 +H
Mar NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Nov 89 to 259 +Z
Guaranteed maximum 10.5 pct protein
Nov 89 to 259 +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protei 130 to 140 +Z
11 pct protein 150 to 160 +Z
11.5 pct protein
Nov 160 to 170 +Z
Dec 164 to 170 +Z
Jan 165 to 165 +H
Feb 167 to 170 +H
Mar NA
12 pct protein 165 to 175 +Z
13 pct protein 175 to 185 +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 116 to 146 +Z
14 pct protein
Nov 140 to 170 +Z
Dec 140 to 175 +Z
Jan 130 to 165 +H
Feb 130 to 170 +H
Mar NA
15 pct protein 145 to 182 +Z
16 pct protein 145 to 194 +Z
_
US 2 Yellow Corn
Shuttle trains-Delivered full coast Pacific Northwest-BN
Nov 105 to 113 +Z
Dec 110 to 112 +Z
Jan 105 to 112 +H
Feb 107 to 112 +H
Mar 109 to 112 +H
Apr NA
_
US 1 Yellow Soybeans
Shuttle trains-Delivered full coast Pacific Northwest-BN
Nov 85 to 94 +F
Dec 90 to 95 +F
Jan 90 to 95 +F
Feb NA
Mar NA
Apr 30 to 47 +K
_
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