Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Wed Jun 13, 2018    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 seven to 16 cents per bushel
lower than Tuesday�s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for June delivery for ordinary protein were not well tested in early
trading, but bids were indicated as steady compared to Tuesday�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
Tuesday�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 June
delivery were not well tested in early trading but bids were indicated as
lower compared to Tuesday�s 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 June
delivery were not well tested in early trading but bids were indicated as
lower compared to Tuesday�s noon bids for the same delivery period.  Some
exporters are not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during June were not well tested in early trading, but bids were indicated
as mixed compared to Tuesday�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 June were not available in early trading as most 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
    Jun                                 71.5 to 99.5      +N
    Jul                                 71.5 to 94.5      +N
    Aug NC                              55.5 to 68.5      +U
    Sep                                 55.5 to 71.5      +U
    Oct                                 33.25 to 55.25    +Z
  Guaranteed maximum 10.5 pct protein
    Jun                                 71.5 to 86.5      +N
    Jul                                 71.5 to 81.5      +N
    Aug NC                              55.5 to 65.5      +U
    Sep                                 55.5 to 70.5      +U
    Oct                                 33.25 to 45       +Z
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jun                                 71.5 to 94.5      +N
  Guaranteed maximum 10.5 pct protein
    Jun                                 71.5 to 86.5      +N
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       35 to 65          +N
  11 pct protein                        95 to 105         +N
  11.5 pct protein
    Jun                                 125 to 150        +N
    Jul                                 100 to 155        +N
    Aug NC                              90 to 125         +U
    Sep                                 115 to 125        +U
    Oct                                 100 to 115        +Z
  12 pct protein                        135 to 157        +N
  13 pct protein                        155 to 175        +N
_
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                        103 to 110        +N
  14 pct protein
    Jun                                 135 to 150        +N
    Jul                                 130 to 150        +N
    Aug NC                              105 to 130        +U
    Sep                                 105 to 120        +U
    Oct                                 NA
 15 pct protein                         154 to 174        +N
 16 pct protein                         167 to 198        +N
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jun                                 102 to 110        +N
    Jul                                 105 to 107        +N
    Aug                                 97 to 97          +U
    Sep                                 95 to 97          +U
    Oct                                 85 to 91          +Z
    Nov                                 85 to 91          +Z
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jun                                 NA
    Jul                                 NA
    Aug                                 NA
    Sep                                 97 to 100         +X
    Oct                                 100 to 100        +X
    Nov                                 100 to 100        +X
_
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