Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Wed Oct 09, 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 0.50 of a cent to 4.50
cents per bushel higher compared to Tuesday�s noon 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 bids were not available as most 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 October
delivery were not well tested in early trading, but bids were indicated as
higher 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 October
delivery were well tested in early trading, but bids were indicated as higher
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 October delivery were 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 October were not well tested in early trading, but bids were
indicated as higher compared to Tuesday�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                                 NA
    Nov                                 91.25 to 104.25   +Z
    Dec                                 93.25 to 106.25   +Z
    Jan                                 NA
    Feb                                 NA
  Guaranteed maximum 10.5 pct protein
    Oct                                 89.25 to 94.25    +Z
    Nov                                 91.25 to 104.25   +Z
    Dec                                 93.25 to 106.25   +Z
    Jan                                 93.75 to 101.75   +H
    Feb                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Oct                                 NA
  Guaranteed maximum 10.5 pct protein
    Oct                                 89.25 to 109.25   +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       125 to 130        +Z
  11 pct protein                        145 to 150        +Z
  11.5 pct protein
    Oct                                 155 to 160        +Z
    Nov                                 160 to 163        +Z
    Dec                                 165 to 166        +Z
    Jan                                 NA
    Feb                                 NA
  12 pct protein                        160 to 165        +Z
  13 pct protein                        170 to 175        +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                        74 to 119         +Z
  14 pct protein
    Oct                                 90 to 135         +Z
    Nov                                 95 to 135         +Z
    Dec                                 100 to 140        +Z
    Jan                                 NA
    Feb                                 NA
 15 pct protein                         98 to 143         +Z
 16 pct protein                         106 to 151        +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Oct                                 100 to 102        +Z
    Nov                                 100 to 104        +Z
    Dec                                 100 to 104        +Z
    Jan                                 97 to 98          +H
    Feb                                 98 to 101         +H
    Mar                                 99 to 101         +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Oct                                 82 to 85          +X
    Nov                                 82 to 85          +X
    Dec                                 72 to 72          +F
    Jan                                 75 to 75          +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

8:43 P nd