Pacific NW Wheat Basis Report

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JO_GR111
Portland, OR    Wed May 14, 2014    USDA Market News

Pacific NW Wheat Basis Report:  Afternoon soft white wheat, hard red
winter wheat and dark northern spring wheat basis at midday for
Portland delivery.

Bids as of 12:30 p.m. Pacific time; Subject to change
Futures closes:
Chicago Soft Red Winter Wheat    Change
      May   +CK   6.8100     dn 19.00
      Jul   +CN   6.9025     dn 19.00
      Sep   +CU   6.9900     dn 19.00
      Dec   +CZ   7.1500     dn 18.25

Chicago Hard Red Winter Wheat
      May   +KCK  8.0750     dn 16.75
      Jul   +KCN  8.0625     dn 18.50
      Sep   +KCU  8.1075     dn 18.25
      Dec   +KCZ  8.2125     dn 19.00

Minneapolis Hard Red Spring Wheat
      May   +MNK  7.8100     dn 9.00
      Jul   +MNN  7.7825     dn 16.50
      Sep   +MNU  7.8350     dn 17.75
      Dec   +MNZ  7.9275     dn 18.75

All wheat bids in cents per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    May              mostly 76.50, ranging   65 to 89.75      +CN  unch-up 9.00
    Jun                                      65 to 80         +CN  unch
    Jul                                      49 to 53.75      +CN  up 7.00-unch
    Aug NC                                   46 to 60         +CU  up 7.00- 5.00
    Sep                                      50 to 60         +CU  up 6.00- 5.00
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    May             mostly 121.50, ranging   95 to 139.75     +CN  unch-up 9.00
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein                           68 to 68         +KCN unch
  10 pct protein                             68 to 68         +KCN unch
  11 pct protein                             76 to 76         +KCN unch
  11.5 pct protein
    May                                      80 to 80         +KCN unch
    Jun                                      75 to 85         +KCN unch
    FH Jul                                   70 to 80         +KCN unch
    LH Jul                                   65 to 80         +KCN unch
    Aug NC                                   55 to 70         +KCU unch
    Sep                                      65 to 75         +KCU unch
  12 pct protein                             82 to 82         +KCN unch
  13 pct protein                             86 to 86         +KCN 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                             82 to 87         +MNN unch
  14 pct protein
    May                mostly 133, ranging   130 to 135       +MNN unch
    Jun                                      115 to 130       +MNN unch
    Jul                                      100 to 125       +MNN unch
    Aug NC                                   90 to 120        +MNU unch-up 5
    Sep                                      80 to 115        +MNU unch-up 5
 15 pct protein                              162 to 167       +MNN unch
 16 pct protein                              194 to 199       +MNN unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                    NA
  Delivered to Portland                      NA
  Rail and Truck del to Willamette Vly       NA
  Rail del to Yakima Valley                  NA
  Truck del to Yakima Valley                 NA

Source:     USDA Market News Service, Portland, OR
            Niki Davila 503-326-2237  Portland.LPGMN@ams.usda.gov
            24 Hour Market Report  503-326-2022
            www.ams.usda.gov/mnreports/jo_gr111.txt
            www.ams.usda.gov/lpsmarketnewspage

11:49 P nd



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