Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Wed Sep 18, 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 3.00 to 3.75 cents per
bushel higher compared to Tuesday�s noon closes.

   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 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 August
delivery were not well tested in early trading, but bids were indicated as
higher 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 August
delivery were not well tested in early trading, but bids were indicated as
higher 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 August delivery were not well tested in early trading, but bids were
indicated as higher 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 August 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 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                                 82 to 102         +Z
    Oct                                 82 to 102         +Z
    Nov                                 NA
    Dec                                 NA
    Jan                                 NA
  Guaranteed maximum 10.5 pct protein
    Sep                                 82 to 107         +Z
    Oct                                 82 to 102         +Z
    Nov                                 88 to 105         +Z
    Dec                                 91 to 108         +Z
    Jan                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Sep                                 82 to 102         +Z
  Guaranteed maximum 10.5 pct protein
    Sep                                 82 to 117         +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       100 to 115        +Z
  11 pct protein                        120 to 135        +Z
  11.5 pct protein
    Sep                                 130 to 145        +Z
    Oct                                 130 to 145        +Z
    Nov                                 135 to 150        +Z
    Dec                                 140 to 155        +Z
    Jan                                 NA
  12 pct protein                        135 to 150        +Z
  13 pct protein                        145 to 160        +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 74          +Z
  14 pct protein
    Sep                                 75 to 90          +Z
    Oct                                 75 to 95          +Z
    Nov                                 85 to 95          +Z
    Dec                                 90 to 100         +Z
    Jan                                 NA
 15 pct protein                         75 to 98          +Z
 16 pct protein                         75 to 106         +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Sep                                 93 to 100         +Z
    Oct                                 88 to 97          +Z
    Nov                                 88 to 92          +Z
    Dec                                 93 to 95          +Z
    Jan                                 93 to 95          +H
    Feb                                 95 to 95          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Sep                                 55 to 55          +X
    Oct                                 60 to 60          +X
    Nov                                 64 to 65          +X
    Dec                                 55 to 55          +F
    Jan                                 55 to 55          +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