Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Fri Nov 09, 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 December wheat futures trended 1.75 to 8.50 cents per
bushel higher than Thursday�s noon.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for November 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 November
delivery were not well tested as bids were indicated as lower 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 November
delivery were not well tested but bids were indicated as lower 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 November delivery were not well tested in early trading but bids
were indicated as lower 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 November 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
    Nov                                 118 to 133        +Z
    Dec                                 121 to 133        +Z
    Jan                                 111.5 to 113.5    +H
    Feb                                 113.5 to 116.5    +H
    Mar                                 115.5 to 119.5    +H
  Guaranteed maximum 10.5 pct protein
    Nov                                 118 to 133        +Z
    Dec                                 121 to 133        +Z
    Jan                                 NA
    Feb                                 NA
    Mar                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Nov                                 118 to 133        +Z
  Guaranteed maximum 10.5 pct protein
    Nov                                 118 to 133        +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       119 to 140        +Z
  11 pct protein                        133 to 150        +Z
  11.5 pct protein
    Nov                                 140 to 158        +Z
    Dec                                 150 to 160        +Z
    Jan                                 130 to 140        +H
    Feb                                 NA
    Mar                                 NA
  12 pct protein                        140 to 163        +Z
  13 pct protein                        140 to 173        +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                        84 to 97          +Z
  14 pct protein
    Nov                                 100 to 110        +Z
    Dec                                 105 to 110        +Z
    Jan                                 100 to 110        +H
    Feb                                 NA
    Mar                                 NA
 15 pct protein                         105 to 112        +Z
 16 pct protein                         105 to 121        +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Nov                                 86 to 87          +Z
    Dec                                 93 to 95          +Z
    Jan                                 91 to 93          +H
    Feb                                 91 to 93          +H
    Mar                                 91 to 93          +H
    Apr                                 90 to 90          +K
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Nov                                 NA
    Dec                                 NA
    Jan                                 NA
    Feb                                 NA
    Mar                                 NA
    Apr                                 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

8:49 P nd