Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Fri Jan 18, 2013    USDA Market News

***This report will not be released on Monday, January 21, 2013 as our 
offices will be closed in observance of the Martin Luther King, Jr. 
Holiday. If you have any questions or concerns, please contact us at 
Portland.lgmn@ams.usda.gov.***

****CORRECTION TO HRW AUG NC****

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     7.9125     up 10.00
      May   +CK     7.9975     up 10.00
      Jul   +CN     8.0450     up 9.25
      Sep   +CU     8.1350     up 9.25

Kansas City Hard Red Winter
      Mar   +KCH    8.4375     up 6.75
      May   +KCK    8.5375     up 6.75
      Jul   +KCN    8.6100     up 6.75
      Sep   +KCU    8.7175     up 7.50

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.7400     up 4.75
      May   +MNK    8.8525     up 5.00
      Jul   +MNN    8.9325     up 5.75
      Sep   +MNU    8.9225     up 5.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Jan                mostly 78.25, ranging   58.75 to 90        +CH  dn 10.00-unch
    Feb                                        78.75 to 90        +CH  dn 6.25- 3.75
    Mar                                        78.75 to 90        +CH  dn 6.25- 3.75
    Apr                                        75.25 to 85.25     +CK  dn 9.75- 5.00
    May                                        75.25 to 90.25     +CK  dn 9.75- 5.00
    Aug NC                                     0 to 25            +CU  no comp
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 78.25, ranging   58.75 to 90        +CH  dn 10.00-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 71, ranging   60 to 80           +KCH unch
  10 pct protein          mostly 71, 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
    Aug NC****                                 40 to 50           +KCU no comp
  12 pct protein                               95 to 115          +KCH unch
  13 pct protein         mostly 113, 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                               65 to 80           +MNH up 8-unch
  14 pct protein
    Jan                   mostly 91, ranging   85 to 100          +MNH unch
    Feb                                        90 to 105          +MNH unch
    Mar                                        90 to 105          +MNH unch
    Apr                                        93 to 95           +MNK up 3-dn 5
    May                                        97 to 100          +MNK up 3-dn 3
    Aug NC                                     75 to 75           +MNU no comp
 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

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