Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Thu Dec 06, 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.

   Compared to Tuesday, early trading March wheat futures trended 5.75 to
10.25 cents per bushel lower than Tuesday�s noon bids.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for December 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 December
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 were not issuing bids for nearby delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for December
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 were not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during December delivery 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 December 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
    Dec                                  100.75 to 115.75  +H
    Jan                                  103.75 to 111.75  +H
    Feb                                  106.75 to 115.75  +H
    Mar                                  109.75 to 118.75  +H
    Apr                                  104.75 to 114.75  +K
  Guaranteed maximum 10.5 pct protein
    Dec                                  100.75 to 115.75  +H
    Jan                                  103.75 to 107.75  +H
    Feb                                  106.75 to 110.75  +H
    Mar                                  109.75 to 110.75  +H
    Apr                                  NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Dec                                  105.75 to 115.75  +H
  Guaranteed maximum 10.5 pct protein
    Dec                                  105.75 to 115.75  +H
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein                       130 to 149        +H
  11 pct protein                         145 to 163        +H
  11.5 pct protein
    Dec                                  150 to 170        +H
    Jan                                  160 to 160        +H
    Feb                                  160 to 165        +H
    Mar                                  160 to 170        +H
    Apr                                  NA
  12 pct protein                         150 to 170        +H
  13 pct protein                         150 to 175        +H
_
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 115         +H
  14 pct protein
    Dec                                  100 to 123        +H
    Jan                                  105 to 118        +H
    Feb                                  121 to 122        +H
    Mar                                  124 to 125        +H
    Apr                                  NA
 15 pct protein                          100 to 126        +H
 16 pct protein                          100 to 134        +H
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Dec                                  96 to 98          +H
    Jan                                  98 to 100         +H
    Feb                                  98 to 98          +H
    Mar                                  90 to 95          +H
    Apr                                  90 to 90          +K
    May                                  90 to 90          +K
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Dec                                  NA
    Jan                                  NA
    Feb                                  NA
    Mar                                  NA
    Apr                                  NA
    May                                  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

10:53 P nd