JO_GR111
Portland, OR Thu Mar 07, 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 4.25 cents
lower to one cent per bushel higher compared to Wednesday’s noon closes.
May wheat futures trended mixed, from 7.25 cents lower to one cent per
bushel higher, with the greatest decline in Chicago hard red wheat and the
advance in Minneapolis dark northern spring wheat.
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 Wednesday’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 Wednesday’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 Wednesday’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
higher compared to Wednesday’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 available in early trading as most 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 Wednesday’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 146 to 176 +K
Apr 146 to 176 +K
May 146 to 176 +K
Jun 139.5 to 169.5 +N
Aug NC 99.5 to 124.5 +U
Guaranteed maximum 10.5 pct protein
Mar 156 to 176 +K
Apr 156 to 176 +K
May 156 to 176 +K
Jun 149.5 to 169.5 +N
Aug NC 99.5 to 124.5 +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
Ordinary protein
Mar 146 to 176 +K
Guaranteed maximum 10.5 pct protein
Mar 156 to 176 +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 150 to 190 +K
Apr 150 to 185 +K
May 150 to 180 +K
Jun 150 to 170 +N
Aug NC NA
12 pct protein 150 to 190 +K
13 pct protein 150 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 80 to 117 +K
14 pct protein
Mar 100 to 125 +K
Apr 100 to 125 +K
May 100 to 120 +K
Jun 100 to 115 +N
Aug NC NA
15 pct protein 100 to 125 +K
16 pct protein 100 to 125 +K
_
US 2 Yellow Corn
Shuttle trains-Delivered full coast Pacific Northwest-BN
Mar NA
Apr 112 to 145 +K
May 100 to 103 +K
Jun 91 to 92 +N
Jul 92 to 92 +N
Aug NA
_
US 1 Yellow Soybeans
Shuttle trains-Delivered full coast Pacific Northwest-BN
Mar 70 to 70 +K
Apr 42 to 42 +K
May 45 to 45 +K
Jun 65 to 65 +N
Jul 68 to 68 +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