JO_GR111 Portland, OR Fri Aug 07, 2020 USDA Market News NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible at: https://www.ams.usda.gov/mnreports/AMS_3145.pdf If you would like to learn more about MARS and My Market News, please contact us at Websupport.lpgmn@ams.usda.gov. 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 September wheat futures trended 4.25 to 9.00 cents per bushel lower compared to Thursday’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 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 August delivery were not well tested in early trading, but bids were indicated as lower 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 August delivery were not well tested in early trading, but bids were indicated as lower 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 August were not well tested in early trading, but bids were indicated as lower 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 August were not well tested in early trading, but bids were indicated as lower 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 Aug 62.75 to 66.75 +U Sep 67.75 to 71.75 +U Oct NA Nov NA Dec NA Guaranteed maximum 10.5 pct protein Aug 62.75 to 67.75 +U Sep 67.75 to 77.75 +U Oct 63 to 73 +Z Nov 66 to 73 +Z Dec NA _ US 1 White Club Wheat - delivered by Unit Trains and Barges Ordinary protein Aug 62.75 to 241.75 +U Guaranteed maximum 10.5 pct protein Aug 62.75 to 241.75 +U _ US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or better) Ordinary protei 110 to 120 +U 11 pct protein 130 to 140 +U 11.5 pct protein Aug 140 to 150 +U Sep 140 to 150 +U Oct 140 to 145 +Z Nov 145 to 150 +Z Dec NA 12 pct protein 145 to 155 +U 13 pct protein 155 to 165 +U _ 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 79 to 86 +U 14 pct protein Aug 95 to 110 +U Sep 95 to 112 +U Oct 110 to 125 +Z Nov 105 to 130 +Z Dec NA 15 pct protein 103 to 122 +U 16 pct protein 111 to 134 +U _ US 2 Yellow Corn Shuttle trains-Delivered full coast Pacific Northwest-BN Aug 100 to 107 +U Sep 100 to 110 +U Oct NA Nov 100 to 112 +Z Dec 112 to 115 +Z Jan 115 to 116 +H _ US 1 Yellow Soybeans Shuttle trains-Delivered full coast Pacific Northwest-BN Aug 116 to 116 +X Sep 122 to 125 +X Oct 130 to 133 +X Nov 133 to 133 +X Dec 120 to 120 +F Jan 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 8:45 P nd