Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Thu Oct 12, 2017    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 four to 6.50 cents per
bushel lower than Wednesday�s closes.

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

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for October
delivery were not well tested in early trading, but were indicated as mixed
compared to Wednesday�s noon bids.  Some exporters are not issuing bids
for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during October were not well tested in early trading. Some exporters were
not issuing bids for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during October were not well tested in early trading, but bids were
indicated as lower compared to Wednesday�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
    Oct                                 75 to 101.75      +Z
    Nov                                 75 to 105.75      +Z
    Dec                                 80 to 105.75      +Z
    Jan                                 60 to 91.5        +H
    Feb                                 85 to 91.5        +H
  Guaranteed maximum 10.5 pct protein
    Oct                                 75 to 101.75      +Z
    Nov                                 75 to 105.75      +Z
    Dec                                 80 to 105.75      +Z
    Jan                                 60 to 91.5        +H
    Feb                                 85 to 91.5        +H
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Oct                                 75 to 105.75      +Z
  Guaranteed maximum 10.5 pct protein
    Oct                                 75 to 105.75      +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       35 to 95          +Z
  11 pct protein                        95 to 145         +Z
  11.5 pct protein
    Oct                                 125 to 165        +Z
    Nov                                 125 to 165        +Z
    Dec                                 125 to 165        +Z
    Jan                                 110 to 150        +H
    Feb                                 NA
  12 pct protein                        140 to 180        +Z
  13 pct protein                        170 to 210        +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                        88 to 98          +Z
  14 pct protein
    Oct                                 120 to 130        +Z
    Nov                                 110 to 130        +Z
    Dec                                 110 to 130        +Z
    Jan                                 100 to 125        +H
    Feb                                 NA
 15 pct protein                         136 to 146        +Z
 16 pct protein                         152 to 162        +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Oct                                 NA
    Nov                                 52 to 55          +Z
    Dec                                 58 to 67          +Z
    Jan                                 57 to 65          +H
    Feb                                 65 to 67          +H
    Mar                                 65 to 71          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Oct                                 67 to 73          +X
    Nov                                 70 to 76          +X
    Dec                                 68 to 73          +F
    Jan                                 68 to 73          +F
    Feb                                 NA
    Mar                                 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

9:00 P nd