Pacific NW Wheat Basis Report

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JO_GR111
Portland, OR    Fri Jan 11, 2013    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     7.5475     up 10.25
      May   +CK     7.6200     up 8.50
      Jul   +CN     7.6700     up 6.75
      Sep   +CU     7.7600     up 5.25

Kansas City Hard Red Winter
      Mar   +KCH    8.0700     up 10.50
      May   +KCK    8.1700     up 10.50
      Jul   +KCN    8.2475     up 10.25
      Sep   +KCU    8.3775     up 10.25

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.4525     up 6.00
      May   +MNK    8.5525     up 5.00
      Jul   +MNN    8.6625     up 6.00
      Sep   +MNU    8.6750     up 6.75

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Jan                mostly 82.00, ranging   75.25 to 87.25     +CH  dn 9.75- 13.25
    Feb                                        80 to 95.25        +CH  dn 10.00- 15.25
    Mar                                        80 to 97.25        +CH  dn 15.00- 13.25
    Apr                                        78 to 92           +CK  dn 12.00- 9.50
    May                                        78 to 94           +CK  dn 12.00- 8.50
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 82.00, ranging   75.25 to 87.25     +CH  dn 9.75- 13.25
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 65, ranging   60 to 70           +KCH unch
  10 pct protein          mostly 65, ranging   60 to 70           +KCH unch
  11 pct protein                               80 to 90           +KCH unch
  11.5 pct protein
    Jan                   mostly 95, ranging   90 to 100          +KCH unch
    Feb                                        97 to 105          +KCH unch
    Mar                                        100 to 108         +KCH dn 3-unch
    Apr                                        95 to 102          +KCK unch
    May                                        100 to 105         +KCK unch
  12 pct protein                               95 to 105          +KCH unch
  13 pct protein         mostly 111, ranging   105 to 115         +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                               57 to 75           +MNH unch
  14 pct protein
    Jan                   mostly 88, ranging   85 to 95           +MNH unch
    Feb                                        90 to 95           +MNH unch-dn 6
    Mar                                        90 to 100          +MNH unch-dn 7
    Apr                                        90 to 95           +MNK unch-dn 2
    May                                        90 to 100          +MNK unch-dn 1
 15 pct protein                                85 to 95           +MNH unch
 16 pct protein                                85 to 95           +MNH unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        122 to 125         +CH  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   107 to 135         +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

12:37 P nd


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