Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Wed Jan 16, 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     7.8500     up 2.25
      May   +CK     7.9375     up 2.75
      Jul   +CN     7.9725     up 3.00
      Sep   +CU     8.0525     up 3.00

Kansas City Hard Red Winter
      Mar   +KCH    8.4250     up 4.25
      May   +KCK    8.5275     up 4.50
      Jul   +KCN    8.5925     up 4.50
      Sep   +KCU    8.6750     up 3.25

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.7150     up 5.25
      May   +MNK    8.8200     up 5.75
      Jul   +MNN    8.8925     up 5.25
      Sep   +MNU    8.8900     up 5.25

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 80.00, ranging   65 to 90           +CH  dn 2.25-up 2.75
    Feb                                        70 to 90           +CH  dn 2.25
    Mar                                        85 to 90           +CH  up 7.75-dn 2.25
    Apr                                        76.25 to 86.25     +CK  up 2.25-dn 2.75
    May                                        81.25 to 91.25     +CK  up 7.25-dn 2.75
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 80.00, ranging   65 to 90           +CH  dn 2.25-up 2.75
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 69, ranging   60 to 80           +KCH unch
  10 pct protein          mostly 69, ranging   60 to 80           +KCH unch
  11 pct protein                               80 to 100          +KCH unch
  11.5 pct protein
    Jan                   mostly 98, ranging   90 to 110          +KCH unch
    Feb                                        99 to 110          +KCH unch
    Mar                                        105 to 110         +KCH unch
    Apr                                        95 to 102          +KCK unch
    May                                        100 to 105         +KCK unch
  12 pct protein                               95 to 115          +KCH unch
  13 pct protein         mostly 114, ranging   104 to 125         +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 80           +MNH unch
  14 pct protein
    Jan                   mostly 89, ranging   85 to 100          +MNH unch
    Feb                                        90 to 105          +MNH unch
    Mar                                        90 to 105          +MNH unch
    Apr                                        90 to 100          +MNK unch
    May                                        94 to 103          +MNK unch
 15 pct protein                                85 to 100          +MNH unch
 16 pct protein                                85 to 100          +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 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

12:29 P nd

1. Ag markets posted mixed showing on Tuesday
2. Plains storms cause minor harm to Oklahoma/Kansas wheat
3. Chocolate milk a top post-workout food
4. Another reason for adults to drink milk
5. Penn State Dairy Team schedules “Tools for Teams” webinars
6. Ag markets generally mixed again Tuesday morning

1. 4 rules for growing a business or industry
2. Seven jobs more dangerous than farming
3. D.C. Watch: Farm bill progressing
4. April milk production up 0.3 percent
5. Class III futures close out quietly last week
6. What are the drivers of profit in your dairy herd?

1. Commentary: Slanting the statistics
2. World food supply depends on character, virtuous leadership
3. Buffet concerned about soil and starvation
4. Cold spring stunts upper Midwest hay crop
5. N.M. rancher charged with 43 counts of animal cruelty
6. 2014 Farm Bill: Are we near an agreement?