JO_GR111
Portland, OR Wed Mar 13, 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 March wheat futures trended mixed, from 5.50 cents
lower to 6.50 cents per bushel higher compared to Tuesday’s noon closes.
May wheat futures trended 4.75 to 7.25 cents per bushel lower.
Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for March 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 March
delivery were not well tested in early trading, but bids were indicated as
lower 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 March
delivery were not well tested in early trading, but bids were indicated as
lower 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 March delivery were not well tested in early trading, but bids were
indicated as lower 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 March 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 as of 9:30 a.m. Pacific time; Subject to change
US 1 Soft White Wheat - delivered by Unit Trains and Barges
Ordinary protein
Mar 141.75 to 181.75 +K
Apr 141.75 to 181.75 +K
May 141.75 to 181.75 +K
Jun 134 to 174 +N
Aug NC 95.5 to 135.5 +U
Guaranteed maximum 10.5 pct protein
Mar 141.75 to 181.75 +K
Apr 141.75 to 181.75 +K
May 141.75 to 181.75 +K
Jun 134 to 174 +N
Aug NC 95.5 to 135.5 +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Mar 141.75 to 181.75 +K
Guaranteed maximum 10.5 pct protein
Mar 141.75 to 181.75 +K
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protei 129 to 169 +K
11 pct protein 143 to 183 +K
11.5 pct protein
Mar 175 to 190 +K
Apr 175 to 210 +K
May 175 to 210 +K
Jun 170 to 175 +N
Aug NC NA
12 pct protein 175 to 190 +K
13 pct protein 175 to 190 +K
_
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 90 to 117 +K
14 pct protein
Mar 110 to 125 +K
Apr 110 to 140 +K
May 110 to 140 +K
Jun 110 to 115 +N
Aug NC NA
15 pct protein 110 to 125 +K
16 pct protein 110 to 126 +K
_
US 2 Yellow Corn
Shuttle trains-Delivered full coast Pacific Northwest-BN
Mar 123 to 125 +K
Apr 100 to 115 +K
May 90 to 95 +K
Jun NA
Jul NA
Aug NA
_
US 1 Yellow Soybeans
Shuttle trains-Delivered full coast Pacific Northwest-BN
Mar 70 to 70 +K
Apr 50 to 50 +K
May 50 to 50 +K
Jun 75 to 75 +N
Jul 80 to 80 +N
Aug 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
8:43 P nd