Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Thu Jan 10, 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     7.4450     dn 1.00
      May   +CK     7.5350     dn 1.00
      Jul   +CN     7.6025     dn 1.25
      Sep   +CU     7.7075     dn 1.75

Kansas City Hard Red Winter
      Mar   +KCH    7.9650     dn 4.75
      May   +KCK    8.0650     dn 4.75
      Jul   +KCN    8.1450     dn 4.50
      Sep   +KCU    8.2750     dn 4.75

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.3925     dn 1.25
      May   +MNK    8.5025     unch
      Jul   +MNN    8.6025     up 0.25
      Sep   +MNU    8.6075     up 1.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Jan                mostly 91.50, ranging   85 to 100.5        +CH  up 0.50-unch
    Feb                                        90 to 110.5        +CH  unch-up 10.00
    Mar                                        95 to 110.5        +CH  up 5.00- 9.00
    Apr                                        90 to 101.5        +CK  unch-up 7.00
    May                                        90 to 102.5        +CK  unch-up 5.00
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 91.50, ranging   85 to 100.5        +CH  up 0.50-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 66, ranging   60 to 70           +KCH unch
  10 pct protein          mostly 66, ranging   60 to 70           +KCH unch
  11 pct protein                               80 to 90           +KCH unch
  11.5 pct protein
    Jan                   mostly 96, ranging   90 to 100          +KCH unch
    Feb                                        97 to 105          +KCH unch
    Mar                                        103 to 108         +KCH up 1-unch
    Apr                                        95 to 102          +KCK unch
    May                                        100 to 105         +KCK up 2-unch
  12 pct protein                               95 to 105          +KCH unch
  13 pct protein         mostly 113, 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
  14 pct protein
    Jan                   mostly 90, ranging   85 to 95           +MNH unch
    Feb                                        90 to 101          +MNH unch
    Mar                                        90 to 107          +MNH 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 125         +CH  unch-up 3
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   107 to 135         +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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