Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Fri Feb 08, 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     7.5625     up 0.25
      May   +CK     7.6250     dn 0.50
      Jul   +CN     7.6275     dn 0.75
      Sep   +CU     7.7100     dn 0.25

Kansas City Hard Red Winter
      Mar   +KCH    7.9975     dn 1.25
      May   +KCK    8.1125     dn 1.00
      Jul   +KCN    8.1900     dn 0.75
      Sep   +KCU    8.3075     dn 0.50

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.3625     dn 3.00
      May   +MNK    8.4925     dn 2.25
      Jul   +MNN    8.5850     dn 2.00
      Sep   +MNU    8.6050     dn 2.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Feb               mostly 106.25, ranging   90.75 to 115       +CH  dn 0.25-unch
    Mar                                        100.75 to 115      +CH  dn 0.25-unch
    Apr                                        104.5 to 117.5     +CK  up 0.50- 7.50
    May                                        104.5 to 117.5     +CK  up 0.50- 7.50
    Aug NC                                     0 to 35            +CU  unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Feb               mostly 106.25, ranging   90.75 to 115       +CH  dn 0.25-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 83, ranging   69 to 91           +KCH unch
  10 pct protein          mostly 83, ranging   69 to 91           +KCH unch
  11 pct protein                               89 to 110          +KCH unch-up 3
  11.5 pct protein
    Feb                  mostly 110, ranging   99 to 120          +KCH unch-up 5
    Mar                                        105 to 120         +KCH unch-up 5
    Apr                                        100 to 106         +KCK unch
    May                                        100 to 108         +KCK unch
    Aug NC                                     40 to 45           +KCU unch
  12 pct protein                               104 to 125         +KCH unch-up 7
  13 pct protein         mostly 124, ranging   114 to 135         +KCH unch-up 10
_
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 99           +MNH unch
  14 pct protein
    Feb                  mostly 104, ranging   95 to 115          +MNH unch
    Mar                                        100 to 115         +MNH unch
    Apr                                        95 to 102          +MNK unch
    May                                        97 to 106          +MNK unch
    Aug NC                                     75 to 90           +MNU unch
 15 pct protein                                95 to 115          +MNH unch
 16 pct protein                                95 to 115          +MNH unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        119 to 125         +CH  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   110 to 137         +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

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