Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Fri Mar 15, 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 May wheat futures trended three to 8.50 cents per
bushel higher compared to Thursday�s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for March 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 March
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 March
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 March delivery were not well tested in early trading, but bids were
indicated as mixed 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 March 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
    Mar                                 128.75 to 168.75  +K
    Apr                                 128.75 to 168.75  +K
    May                                 128.75 to 168.75  +K
    Jun                                 122.75 to 162.75  +N
    Aug NC                              84.5 to 124.5     +U
  Guaranteed maximum 10.5 pct protein
    Mar                                 128.75 to 168.75  +K
    Apr                                 128.75 to 168.75  +K
    May                                 128.75 to 168.75  +K
    Jun                                 122.75 to 162.75  +N
    Aug NC                              84.5 to 124.5     +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Mar                                 128.75 to 168.75  +K
  Guaranteed maximum 10.5 pct protein
    Mar                                 128.75 to 168.75  +K
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       129 to 169        +K
  11 pct protein                        143 to 183        +K
  11.5 pct protein
    Mar                                 175 to 190        +K
    Apr                                 175 to 210        +K
    May                                 175 to 210        +K
    Jun                                 170 to 175        +N
    Aug NC                              NA
  12 pct protein                        175 to 190        +K
  13 pct protein                        175 to 190        +K
_
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 117         +K
  14 pct protein
    Mar                                 110 to 125        +K
    Apr                                 110 to 140        +K
    May                                 110 to 140        +K
    Jun                                 110 to 115        +N
    Aug NC                              NA
 15 pct protein                         110 to 125        +K
 16 pct protein                         110 to 131        +K
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Mar                                 123 to 155        +K
    Apr                                 110 to 120        +K
    May                                 105 to 105        +K
    Jun                                 91 to 92          +N
    Jul                                 91 to 92          +N
    Aug                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Mar                                 80 to 80          +K
    Apr                                 50 to 50          +K
    May                                 50 to 50          +K
    Jun                                 75 to 75          +N
    Jul                                 80 to 80          +N
    Aug                                 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

8:46 P nd