Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Wed Dec 26, 2012    USDA Market News

Pacific NW Wheat Basis Report:  Hard red winter wheat and dark northern
spring wheat basis at midday for Portland delivery.
***Cash bids for Pacific NW can be found at the following website
www.ams.usda.gov/mnreports/jo_gr110.txt
Bids as of 12:30 p.m. Pacific time; Subject to change
Futures closes:
Chicago Soft Red Winter Wheat    Change
      Mar   +CH     7.7450     dn 19.25
      May   +CK     7.8450     dn 19.00
      Jul   +CN     7.9150     dn 18.75
      Sep   +CU     8.0425     dn 18.75

Kansas City Hard Red Winter
      Mar   +KCH    8.2450     dn 20.00
      May   +KCK    8.3450     dn 19.75
      Jul   +KCN    8.4175     dn 19.00
      Sep   +KCU    8.5475     dn 18.25

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.6900     dn 12.25
      May   +MNK    8.8075     dn 10.25
      Jul   +MNN    8.8825     dn 11.25
      Sep   +MNU    8.8925     dn 9.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Dec                mostly 52.50, ranging   50 to 55           +CH  unch
    Jan                                        65 to 75.5         +CH  unch-dn 17.50
    Feb                                        70 to 85.5         +CH  unch-dn 7.50
    Mar                                        75 to 90.5         +CH  unch-dn 2.50
    Apr                                        70 to 80.5         +CK  unch-dn 7.50
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Dec                mostly 52.50, ranging   50 to 55           +CH  unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 58, ranging   50 to 69           +KCH unch
  10 pct protein          mostly 58, ranging   50 to 69           +KCH unch
  11 pct protein                               70 to 83           +KCH unch
  11.5 pct protein
    Dec                   mostly 85, ranging   80 to 90           +KCH unch
    Jan                                        85 to 95           +KCH unch
    Feb                                        93 to 100          +KCH unch
    Mar                                        99 to 105          +KCH unch
    Apr                                        97 to 97           +KCK unch
  12 pct protein                               91 to 92           +KCH unch
  13 pct protein          mostly 99, ranging   96 to 101          +KCH unch
_
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                               52 to 65           +MNH unch
  14 pct protein
    Dec                   mostly 82, ranging   80 to 85           +MNH unch
    Jan                                        80 to 92           +MNH unch
    Feb                                        85 to 95           +MNH unch
    Mar                                        85 to 100          +MNH unch
    Apr                                        88 to 90           +MNK unch
 15 pct protein                                80 to 85           +MNH unch
 16 pct protein                                80 to 85           +MNH unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        114 to 122         +CH  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   87 to 134          +CH  unch

Source:     USDA Market News Service, Portland, OR
            Niki Davila 503-326-2237  Portland.LGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/JO_GR111.txt
            www.ams.usda.gov/lsmarketnews

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