Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Thu Mar 07, 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     6.8675     up 10.50
      May   +CK     6.9550     up 11.75
      Jul   +CN     6.9900     up 10.25
      Sep   +CU     7.0650     up 9.00

Kansas City Hard Red Winter
      Mar   +KCH    7.4000     up 10.50
      May   +KCK    7.3450     up 10.00
      Jul   +KCN    7.4125     up 9.75
      Sep   +KCU    7.5500     up 10.50

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.0625     up 4.25
      May   +MNK    7.9550     up 12.00
      Jul   +MNN    7.9500     up 12.75
      Sep   +MNU    7.9375     up 10.75

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Mar               mostly 162.25, ranging   156.5 to 165       +CK  dn 3.50- 1.25
    Apr                                        146.5 to 165       +CK  dn 9.75- 11.25
    May                                        146.5 to 165       +CK  dn 9.75- 11.25
    Jun                                        NA
    Aug NC                                     40 to 55           +CU  unch-up 5.00
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Mar               mostly 162.25, ranging   156.5 to 165       +CK  dn 3.50- 1.25
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein       mostly 111, ranging   100 to 123         +KCK up 10-5
  10 pct protein         mostly 111, ranging   100 to 123         +KCK up 10-5
  11 pct protein                               120 to 131         +KCK up 10-5
  11.5 pct protein
    Mar                  mostly 135, ranging   130 to 140         +KCK up 10
    Apr                                        125 to 140         +KCK up 2-10
    May                                        122 to 140         +KCK up 2-10
    Jun                                        120 to 130         +KCN unch-up 10
    Aug NC                                     60 to 65           +KCU unch
  12 pct protein                               133 to 145         +KCK up 10
  13 pct protein         mostly 144, ranging   135 to 155         +KCK up 6-10
_
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                               129 to 139         +MNK up 9-10
  14 pct protein
    Mar                  mostly 150, ranging   145 to 155         +MNK up 5-10
    Apr                                        134 to 150         +MNK up 2-10
    May                                        130 to 150         +MNK up 2-15
    Jun                                        NA
    Aug NC                                     85 to 90           +MNU up 5-unch
 15 pct protein                                145 to 155         +MNK up 5-10
 16 pct protein                                145 to 155         +MNK up 5-10
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        132 to 138         +CK  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   130 to 153         +CK  up 0.5-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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