Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Wed Mar 20, 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
      May   +CK     7.3600     up 14.00
      Jul   +CN     7.3400     up 13.25
      Sep   +CU     7.3925     up 12.75
      Dec   +CZ     7.5025     up 11.75

Kansas City Hard Red Winter
      May   +KCK    7.6625     up 14.50
      Jul   +KCN    7.7100     up 14.25
      Sep   +KCU    7.8200     up 13.75
      Dec   +KCZ    7.9625     up 13.00

Minneapolis Hard Red Spring Wheat
      May   +MNK    8.0950     up 10.75
      Jul   +MNN    8.0900     up 11.00
      Sep   +MNU    8.0900     up 12.00
      Dec   +MNZ    8.1525     up 11.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Mar               mostly 116.00, ranging   109 to 130         +CK  dn 9.00-unch
    Apr                                        109 to 130         +CK  dn 14.00- 3.00
    May                                        104 to 130         +CK  dn 9.00- 6.00
    Jun                                        106 to 116         +CN  dn 8.25
    Aug NC                                     35 to 40           +CU  unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Mar               mostly 116.00, ranging   109 to 130         +CK  dn 9.00-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein       mostly 117, ranging   110 to 128         +KCK unch
  10 pct protein         mostly 117, ranging   110 to 128         +KCK unch
  11 pct protein                               130 to 136         +KCK unch
  11.5 pct protein
    Mar                  mostly 140, ranging   140 to 145         +KCK unch
    Apr                                        130 to 145         +KCK unch
    May                                        127 to 145         +KCK unch
    Jun                                        105 to 135         +KCN unch
    Aug NC                                     60 to 70           +KCU unch
  12 pct protein                               140 to 150         +KCK unch
  13 pct protein         mostly 151, ranging   140 to 160         +KCK 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                               125 to 139         +MNK unch
  14 pct protein
    Mar                  mostly 149, ranging   145 to 155         +MNK unch
    Apr                                        135 to 150         +MNK unch
    May                                        130 to 145         +MNK unch
    Jun                                        115 to 120         +MNN unch
    Aug NC                                     85 to 90           +MNU unch
 15 pct protein                                145 to 155         +MNK unch
 16 pct protein                                145 to 155         +MNK unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        130 to 131         +CK  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   130 to 141         +CK  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

12:38 P nd

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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

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2. Seven jobs more dangerous than farming
3. D.C. Watch: Farm bill progressing
4. April milk production up 0.3 percent
5. Chocolate milk a top post-workout food
6. Class III futures close out quietly last week

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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?