Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Mon Jan 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     7.5125     up 4.00
      May   +CK     7.6100     up 4.25
      Jul   +CN     7.6775     up 4.50
      Sep   +CU     7.8100     up 6.25

Kansas City Hard Red Winter
      Mar   +KCH    8.0750     up 3.00
      May   +KCK    8.1650     up 3.25
      Jul   +KCN    8.2175     up 4.00
      Sep   +KCU    8.3400     up 6.00

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.4650     up 5.50
      May   +MNK    8.5500     up 4.75
      Jul   +MNN    8.6375     up 4.50
      Sep   +MNU    8.6275     up 4.75

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Jan                mostly 85.25, ranging   78.75 to 90        +CH  up 3.75-unch
    Feb                                        83.75 to 90        +CH  up 3.75-dn 2.75
    Mar                                        83.75 to 91.75     +CH  dn 1.25- 3.00
    Apr                                        79 to 85           +CK  dn 1.00- 2.25
    May                                        79 to 85           +CK  dn 4.25
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 85.25, ranging   78.75 to 90        +CH  up 3.75-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 63, ranging   55 to 70           +KCH unch
  10 pct protein          mostly 63, ranging   55 to 70           +KCH unch
  11 pct protein                               75 to 90           +KCH unch
  11.5 pct protein
    Jan                   mostly 93, ranging   85 to 100          +KCH unch
    Feb                                        95 to 104          +KCH unch
    Mar                                        100 to 107         +KCH unch
    Apr                                        95 to 102          +KCK unch
    May                                        98 to 105          +KCK up 3-unch
  12 pct protein                               95 to 105          +KCH unch
  13 pct protein         mostly 110, ranging   105 to 115         +KCH 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                               57 to 75           +MNH unch-dn 4
  14 pct protein
    Jan                   mostly 90, ranging   85 to 95           +MNH unch
    Feb                                        90 to 101          +MNH dn 5-unch
    Mar                                        90 to 107          +MNH dn 5-unch
    Apr                                        90 to 97           +MNK unch
    May                                        90 to 101          +MNK unch
 15 pct protein                                85 to 95           +MNH unch
 16 pct protein                                85 to 95           +MNH unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        122 to 122         +CH  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   107 to 133         +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/lsmarketnews

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