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Pacific NW Wheat Basis Report
USDA - Fri Jan 17, 5:48AM CST
JO_GR111
Portland, OR    Fri Jan 17, 2020    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 March wheat futures trended 2.25 to six cents per bushel
higher compared to Thursday�s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for January delivery for ordinary 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 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 January
delivery were not well tested in early trading, but bids were indicated as
higher 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 steady
delivery were not well tested in early trading, but bids were indicated as
higher 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 January delivery were not well tested in early trading, and bids had
no recent price comparison available.  Some exporters were not issuing bids
for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during January were not well tested in early trading, but bids were
indicated as higher 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
    Jan                                 52.5 to 57.5      +H
    Feb                                 57.5 to 62.5      +H
    Mar                                 65.5 to 67.5      +H
    Apr                                 NA
    May                                 NA
  Guaranteed maximum 10.5 pct protein
    Jan                                 52.5 to 57.5      +H
    Feb                                 57.5 to 62.5      +H
    Mar                                 62.5 to 67.5      +H
    Apr                                 61.5 to 69.5      +K
    May                                 61.5 to 69.5      +K
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jan                                 57.5 to 227.5     +H
  Guaranteed maximum 10.5 pct protein
    Jan                                 57.5 to 227.5     +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       105 to 115        +H
  11 pct protein                        125 to 135        +H
  11.5 pct protein
    Jan                                 135 to 145        +H
    Feb                                 140 to 145        +H
    Mar                                 145 to 150        +H
    Apr                                 NA
    May                                 NA
  12 pct protein                        140 to 150        +H
  13 pct protein                        150 to 160        +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                        111 to 146        +H
  14 pct protein
    Jan                                 135 to 170        +H
    Feb                                 140 to 170        +H
    Mar                                 145 to 170        +H
    Apr                                 NA
    May                                 NA
 15 pct protein                         147 to 182        +H
 16 pct protein                         159 to 194        +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 100 to 108        +H
    Feb                                 110 to 115        +H
    Mar                                 115 to 115        +H
    Apr                                 105 to 110        +K
    May                                 105 to 110        +K
    Jun                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jan                                 78 to 78          +H
    Feb                                 78 to 78          +H
    Mar                                 80 to 80          +H
    Apr                                 75 to 75          +K
    May                                 75 to 75          +K
    Jun                                 75 to 75          +N
_
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

8:45 P nd

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