Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Fri Sep 14, 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.

   In early trading December wheat futures trended 5.75 to 7.00 cents per
bushel higher than Thursday�s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for September 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 September
delivery were not well tested as  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
September delivery were not well tested 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 September delivery were not well tested but bids were indicated as
mixed 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 September 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
    Sep                                 76 to 91          +Z
    Oct                                 71 to 100         +Z
    Nov                                 76 to 96          +Z
    Dec                                 76 to 96          +Z
    Jan                                 NA
  Guaranteed maximum 10.5 pct protein
    Sep                                 76 to 86          +Z
    Oct                                 71 to 96          +Z
    Nov                                 76 to 96          +Z
    Dec                                 76 to 85          +Z
    Jan                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Sep                                 76 to 91          +Z
  Guaranteed maximum 10.5 pct protein
    Sep                                 76 to 86          +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       70 to 95          +Z
  11 pct protein                        90 to 105         +Z
  11.5 pct protein
    Sep                                 100 to 110        +Z
    Oct                                 110 to 115        +Z
    Nov                                 115 to 120        +Z
    Dec                                 120 to 120        +Z
    Jan                                 105 to 110        +H
  12 pct protein                        102 to 110        +Z
  13 pct protein                        106 to 115        +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                        45 to 82          +Z
  14 pct protein
    Sep                                 85 to 90          +Z
    Oct                                 80 to 100         +Z
    Nov                                 95 to 110         +Z
    Dec                                 100 to 110        +Z
    Jan                                 90 to 105         +H
 15 pct protein                         85 to 90          +Z
 16 pct protein                         85 to 90          +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Sep                                 60 to 77          +Z
    Oct                                 65 to 75          +Z
    Nov                                 78 to 81          +Z
    Dec                                 87 to 92          +Z
    Jan                                 90 to 90          +H
    Feb                                 90 to 90          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Sep                                 NA
    Oct                                 NA
    Nov                                 NA
    Dec                                 NA
    Jan                                 NA
    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

10:43P nd