Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Thu Jan 31, 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     7.7950     dn 7.50
      May   +CK     7.8800     dn 7.75
      Jul   +CN     7.9325     dn 7.00
      Sep   +CU     8.0150     dn 6.25

Kansas City Hard Red Winter
      Mar   +KCH    8.3775     dn 3.00
      May   +KCK    8.4925     dn 3.00
      Jul   +KCN    8.5775     dn 2.75
      Sep   +KCU    8.6750     dn 2.50

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.6500     dn 4.00
      May   +MNK    8.7750     dn 3.00
      Jul   +MNN    8.8700     dn 1.75
      Sep   +MNU    8.8875     dn 1.75

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Feb               mostly 100.25, ranging   90.5 to 110        +CH  up 2.50- 5.00
    Mar                                        95.5 to 110        +CH  up 2.50- 5.00
    Apr                                        92 to 105          +CK  up 5.75- 5.00
    May                                        92 to 107          +CK  up 3.75- 7.00
    Aug NC                                     0 to 35            +CU  unch-up 10.00
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Feb               mostly 100.25, ranging   90.5 to 110        +CH  no comp
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 79, ranging   69 to 86           +KCH no comp
  10 pct protein          mostly 79, ranging   69 to 86           +KCH no comp
  11 pct protein                               89 to 102          +KCH no comp
  11.5 pct protein
    Feb                  mostly 107, ranging   99 to 110          +KCH unch
    Mar                                        105 to 110         +KCH unch
    Apr                                        95 to 104          +KCK unch
    May                                        100 to 106         +KCK unch
    Aug NC                                     40 to 50           +KCU unch
  12 pct protein                               104 to 115         +KCH no comp
  13 pct protein         mostly 119, ranging   114 to 125         +KCH no comp
_
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                               75 to 89           +MNH no comp
  14 pct protein
    Feb                  mostly 100, ranging   95 to 105          +MNH unch
    Mar                                        100 to 105         +MNH unch
    Apr                                        95 to 96           +MNK up 2-1
    May                                        97 to 100          +MNK unch
    Aug NC                                     75 to 90           +MNU unch
 15 pct protein                                95 to 105          +MNH no comp
 16 pct protein                                95 to 105          +MNH no comp
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        123 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/lpsmarketnewspage

12:29 P nd

1. Ag markets mixed again Tuesday
2. Behold, the power of Greek yogurt’s whey
3. Milk and dairy product prices remain stable
4. Ag markets generally mixed around midsession on Tuesday
5. How China may keep Calif. dairies in business
6. Why commodity feeding?

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Cattle crush Calif. dairy worker
5. How China may keep Calif. dairies in business
6. WASDE: Corn price outlook lowered

1. Commentary: Clueless consumers
2. Commentary: Why should we care about the farm bill?