Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Tue Nov 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 December wheat futures trended 4.50 to eight cents per
bushel higher compared to Monday�s noon closes.

   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 steady compared to Monday�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 to lower compared
to Monday�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 in early trading, but bids were indicated as
higher compared to Monday�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 well tested in early trading, but bids were indicated as higher
compared to Monday�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 higher compared to Monday�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 well tested in early trading, but bids were
indicated as higher compared to Monday�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
    Nov                                 82.25 to 82.25    +Z
    Dec                                 87.25 to 87.25    +Z
    Jan                                 87.75 to 87.75    +H
    Feb                                 NA
    Mar                                 NA
  Guaranteed maximum 10.5 pct protein
    Nov                                 82.25 to 84.25    +Z
    Dec                                 87.25 to 93.25    +Z
    Jan                                 87.75 to 94.75    +H
    Feb                                 90.75 to 97.75    +H
    Mar                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Nov                                 82.25 to 257.25   +Z
  Guaranteed maximum 10.5 pct protein
    Nov                                 82.25 to 269.25   +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       130 to 145        +Z
  11 pct protein                        150 to 165        +Z
  11.5 pct protein
    Nov                                 160 to 175        +Z
    Dec                                 164 to 175        +Z
    Jan                                 165 to 175        +H
    Feb                                 170 to 177        +H
    Mar                                 NA
  12 pct protein                        165 to 180        +Z
  13 pct protein                        175 to 190        +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                        125 to 146        +Z
  14 pct protein
    Nov                                 145 to 170        +Z
    Dec                                 150 to 175        +Z
    Jan                                 155 to 165        +H
    Feb                                 155 to 170        +H
    Mar                                 NA
 15 pct protein                         145 to 182        +Z
 16 pct protein                         145 to 194        +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Nov                                 105 to 113        +Z
    Dec                                 110 to 112        +Z
    Jan                                 105 to 112        +H
    Feb                                 107 to 112        +H
    Mar                                 109 to 112        +H
    Apr                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Nov                                 85 to 94          +F
    Dec                                 90 to 95          +F
    Jan                                 90 to 95          +F
    Feb                                 NA
    Mar                                 NA
    Apr                                 30 to 47          +K
_
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

8:42 P nd