USDA Market Reports

Pacific NW Wheat Basis Report



JO_GR111

Portland, OR    Thu Oct 15, 2015    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 December wheat futures trended mixed, 0.75 lower to

0.75 cents per bushel higher compared to Wednesday’s closes.



   Bids for US 1 Soft White Wheat delivered to Portland in unit trains

and barges for October delivery for ordinary protein were not well tested

in early trading, but were indicated as steady to lower compared to

 Wednesday’s noon bids for the same delivery period.  Bids for guaranteed

 maximum 10.5 protein were not well tested in early trading but were

 indicated as mixed compared to Wednesday’s noon bids.



   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for October

delivery were not well tested in early trading, but were indicated as

higher compared to Wednesday’s noon bids.  Some exporters are not issuing

bids for nearby delivery.



   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for

October delivery were not well tested in early trading, but were indicated

as higher compared to Wednesday’s noon bids.  Some exporters are not

 issuing bids for nearby delivery.



   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle

trains during October trended lower compared to Wednesday’s noon bids.



   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle

trains during October were higher in early trading.



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

    Oct                                  30 to 51.5        +Z

    Nov                                  40 to 51.5        +Z

    Dec                                  50 to 51.5        +Z

    Jan                                  43.25 to 50       +H

    Feb                                  43.25 to 50       +H

  Guaranteed maximum 10.5 pct protein

    Oct                                  150 to 188.5      +Z

    Nov                                  150 to 188.5      +Z

    Dec                                  150 to 188.5      +Z

    Jan                                  155 to 180.25     +H

    Feb                                  155 to 180.25     +H

_

US 1 White Club Wheat - delivered by Unit Trains and Barges

  Ordinary protein

    Oct                                  30 to 51.5        +Z

  Guaranteed maximum 10.5 pct protein

    Oct                                  300 to 388.5      +Z

_

US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or

better)

  Ordinary protein                       80 to 102         +Z

  11 pct protein                         100 to 114        +Z

  11.5 pct protein

    Oct                                  110 to 120        +Z

    Nov                                  110 to 120        +Z

    Dec                                  105 to 120        +Z

    Jan                                  105 to 110        +H

    Feb                                  105 to 110        +H

  12 pct protein                         115 to 123        +Z

  13 pct protein                         121 to 129        +Z

_

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                         98 to 116         +Z

  14 pct protein

    Oct                                  130 to 140        +Z

    Nov                                  105 to 143        +Z

    Dec                                  120 to 145        +Z

    Jan                                  100 to 140        +H

    Feb                                  100 to 140        +H

 15 pct protein                          146 to 152        +Z

 16 pct protein                          162 to 164        +Z

_

US 2 Yellow Corn

 Shuttle trains-Delivered full coast Pacific Northwest-BN

    Oct                                  68 to 75          +Z

    Nov                                  69 to 75          +Z

    Dec                                  72 to 80          +Z

    Jan                                  79 to 81          +H

    Feb                                  79 to 82          +H

    Mar                                  79 to 84          +H

_

US 1 Yellow Soybeans

 Shuttle trains-Delivered full coast Pacific Northwest-BN

    Oct                                  102 to 104        +X

    Nov                                  101 to 104        +X

    Dec                                  98 to 103         +F

    Jan                                  97 to 101         +F

_

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 503-326-2237  Portland.LPGMN@ams.usda.gov

            24 Hour Market Report  503-326-2022

            www.ams.usda.gov/mnreports/jo_gr111.txt

            www.ams.usda.gov/lpsmarketnewspage



10:59 P nd

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