JO_GR111 Portland, OR Fri Feb 21, 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 mixed, from two cents lower to 1.50 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 February 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 February 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 February 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 February 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 February 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 Feb 62 to 67 +H Mar 69 to 72 +H Apr 71.5 to 74.5 +K May 71.5 to 74.5 +K Jun NA Guaranteed maximum 10.5 pct protein Feb 62 to 67 +H Mar 69 to 72 +H Apr 71.5 to 74.5 +K May 71.5 to 79.5 +K Jun NA _ US 1 White Club Wheat - delivered by Unit Trains and Barges Ordinary protein Feb 67 to 237 +H Guaranteed maximum 10.5 pct protein Feb 67 to 237 +H _ US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) Ordinary protei 120 to 125 +H 11 pct protein 140 to 145 +H 11.5 pct protein Feb 150 to 155 +H Mar 150 to 155 +H Apr 145 to 150 +K May 145 to 150 +K 12 pct protein 155 to 160 +H 13 pct protein 165 to 170 +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 119 to 156 +H 14 pct protein Feb 135 to 180 +H Mar 135 to 180 +H Apr 130 to 180 +K May 130 to 180 +K 15 pct protein 143 to 192 +H 16 pct protein 151 to 204 +H _ US 2 Yellow Corn Shuttle trains-Delivered full coast Pacific Northwest-BN Feb 103 to 105 +H Mar 110 to 110 +H Apr 110 to 110 +K May NA Jun NA _ US 1 Yellow Soybeans Shuttle trains-Delivered full coast Pacific Northwest-BN Feb 90 to 90 +H Mar 90 to 90 +H Apr 80 to 80 +K May 80 to 80 +K Jun 80 to 80 +N Jul 80 to 80 +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 8:44 P nd