Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Fri Jan 11, 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     7.5475     up 10.25
      May   +CK     7.6200     up 8.50
      Jul   +CN     7.6700     up 6.75
      Sep   +CU     7.7600     up 5.25

Kansas City Hard Red Winter
      Mar   +KCH    8.0700     up 10.50
      May   +KCK    8.1700     up 10.50
      Jul   +KCN    8.2475     up 10.25
      Sep   +KCU    8.3775     up 10.25

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.4525     up 6.00
      May   +MNK    8.5525     up 5.00
      Jul   +MNN    8.6625     up 6.00
      Sep   +MNU    8.6750     up 6.75

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 82.00, ranging   75.25 to 87.25     +CH  dn 9.75- 13.25
    Feb                                        80 to 95.25        +CH  dn 10.00- 15.25
    Mar                                        80 to 97.25        +CH  dn 15.00- 13.25
    Apr                                        78 to 92           +CK  dn 12.00- 9.50
    May                                        78 to 94           +CK  dn 12.00- 8.50
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 82.00, ranging   75.25 to 87.25     +CH  dn 9.75- 13.25
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 65, ranging   60 to 70           +KCH unch
  10 pct protein          mostly 65, ranging   60 to 70           +KCH unch
  11 pct protein                               80 to 90           +KCH unch
  11.5 pct protein
    Jan                   mostly 95, ranging   90 to 100          +KCH unch
    Feb                                        97 to 105          +KCH unch
    Mar                                        100 to 108         +KCH dn 3-unch
    Apr                                        95 to 102          +KCK unch
    May                                        100 to 105         +KCK unch
  12 pct protein                               95 to 105          +KCH unch
  13 pct protein         mostly 111, 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 88, ranging   85 to 95           +MNH unch
    Feb                                        90 to 95           +MNH unch-dn 6
    Mar                                        90 to 100          +MNH unch-dn 7
    Apr                                        90 to 95           +MNK unch-dn 2
    May                                        90 to 100          +MNK unch-dn 1
 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
  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

12:37 P nd

1. Ag markets diverged significantly Friday afternoon
2. Vilsack: Food, Farm and Jobs Bill critical for U.S. producers
3. Ag markets decidedly mixed on Friday morning
4. Dairy among best snacks for diabetics
5. Farmers dodge showers to plant corn at breakneck pace
6. Does farming make you fat?

1. Beware of the soy milk after-taste face
2. Monsters love milk, too
3. What sick day? Farmers take just three a year
4. Salma Hayek: Milk part of 'perfect' breakfast
5. Activists at the door
6. IDFA: Opposition to Dairy Supply Management mounts

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. IDFA: Opposition to Dairy Supply Management mounts
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Cold spring stunts upper Midwest hay crop
6. Buffet concerned about soil and starvation