Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Fri Jul 12, 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 July wheat futures trended steady to one cent per
bushel higher compared to Thursday�s noon closes.  September wheat futures
trended 2.50 to 5.75 cents per bushel higher compared to Thursday�s closes.

Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for July 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 July
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 July
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 July 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 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during July 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
    Jul                                 51 to 89          +U
    Aug NC                              51 to 89          +U
    Sep                                 51 to 89          +U
    Oct                                 75 to 80          +Z
    Nov                                 78 to 82          +Z
  Guaranteed maximum 10.5 pct protein
    Jul                                 51 to 86          +U
    Aug NC                              51 to 86          +U
    Sep                                 51 to 86          +U
    Oct                                 75 to 77          +Z
    Nov                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jul                                 51 to 89          +U
  Guaranteed maximum 10.5 pct protein
    Jul                                 51 to 89          +U
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       95 to 114         +U
  11 pct protein                        115 to 128        +U
  11.5 pct protein
    Jul                                 125 to 135        +U
    Aug NC                              125 to 130        +U
    Sep                                 125 to 133        +U
    Oct                                 115 to 125        +Z
    Nov                                 NA
  12 pct protein                        125 to 137        +U
  13 pct protein                        125 to 141        +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                        55 to 69          +U
  14 pct protein
    Jul                                 75 to 85          +U
    Aug NC                              75 to 80          +U
    Sep                                 75 to 85          +U
    Oct                                 80 to 85          +Z
    Nov                                 NA
 15 pct protein                         75 to 93          +U
 16 pct protein                         75 to 101         +U
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jul                                 103 to 107        +U
    Aug                                 100 to 103        +U
    Sep                                 100 to 103        +U
    Oct                                 95 to 98          +Z
    Nov                                 95 to 98          +Z
    Dec                                 98 to 105         +Z
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jul                                 78 to 78          +Q
    Aug                                 75 to 75          +Q
    Sep                                 50 to 50          +X
    Oct                                 50 to 50          +X
    Nov                                 NA
    Dec                                 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