Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Fri Feb 15, 2013    USDA Market News

***This report will not be released on Monday, February 18, 2013 as our 
offices will be closed in observance of the President Day Holiday. If you 
have any questions or concerns, please contact us at Portland.LGMN@ams.usda.gov***

Pacific NW Wheat Basis Report:  Hard red winter wheat and dark northern
spring wheat basis at midday for Portland delivery.
***Cash bids for Pacific NW can be found at the following website
www.ams.usda.gov/mnreports/jo_gr110.txt
Bids as of 12:30 p.m. Pacific time; Subject to change
Futures closes:
Chicago Soft Red Winter Wheat    Change
      Mar   +CH     7.4225     up 10.25
      May   +CK     7.4850     up 8.25
      Jul   +CN     7.5100     up 7.25
      Sep   +CU     7.6000     up 6.50

Kansas City Hard Red Winter
      Mar   +KCH    7.7750     up 2.50
      May   +KCK    7.8875     up 2.00
      Jul   +KCN    7.9650     up 1.50
      Sep   +KCU    8.0950     up 0.75

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.2350     up 4.25
      May   +MNK    8.3975     up 4.75
      Jul   +MNN    8.4975     up 6.00
      Sep   +MNU    8.5250     up 4.75

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Feb               mostly 128.50, ranging   110.75 to 140      +CH  dn 7.25- 3.00
    Mar                                        120.75 to 140      +CH  up 2.75-dn 3.00
    Apr                                        124.5 to 135       +CK  dn 0.25- 4.75
    May                                        126.5 to 135       +CK  dn 3.25- 4.75
    Aug NC                                     20 to 45           +CU  up 10.00-unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Feb               mostly 128.50, ranging   110.75 to 140      +CH  dn 7.25- 3.00
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 91, ranging   75 to 108          +KCH unch
  10 pct protein          mostly 91, ranging   75 to 108          +KCH unch
  11 pct protein                               95 to 122          +KCH unch
  11.5 pct protein
    Feb                  mostly 116, ranging   105 to 130         +KCH unch
    Mar                                        105 to 130         +KCH unch
    Apr                                        110 to 122         +KCK unch-up 4
    May                                        110 to 122         +KCK unch-up 2
    Aug NC                                     45 to 65           +KCU unch
  12 pct protein                               111 to 133         +KCH unch
  13 pct protein         mostly 129, ranging   120 to 139         +KCH unch
_
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 105          +MNH unch-up 5
  14 pct protein
    Feb                  mostly 116, ranging   110 to 125         +MNH unch-up 5
    Mar                                        115 to 125         +MNH unch-up 3
    Apr                                        100 to 113         +MNK unch
    May                                        100 to 115         +MNK unch
    Aug NC                                     80 to 90           +MNU unch
 15 pct protein                                110 to 125         +MNH unch-up 5
 16 pct protein                                110 to 125         +MNH unch-up 5
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        118 to 119         +CH  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   110 to 137         +CH  unch

Source:     USDA Market News Service, Portland, OR
            Tiffany Smit 503-326-2237  Portland.LGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/jo_gr111.txt
            www.ams.usda.gov/lpsmarketnewspage

12:37 P ts

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3. Farm Bill progress
4. Feeder cattle review: Choice beef prices keep rolling higher
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6. Armyworms eat fescue pastures, hayfields

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3. TSCRA works with sale barns to catch Houston cattle thief
4. NASA backs 3D food printer to feed growing population
5. More beef cows in worst drought regions than a year ago
6. Post-tornado composting a solution for disposal of dead livestock

1. Commentary: New rules un-COOL
2. Commentary: In praise of animal foods
3. What’s on America’s grill this weekend?
4. NASA backs 3D food printer to feed growing population
5. Meat industry associations quick to attack the new MCOOL rule
6. Commentary: Message to Occupy Monsanto: Occupy yourself