Pacific NW Wheat Basis Report

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JO_GR111
Portland, OR    Wed Jan 23, 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     7.7475     dn 4.50
      May   +CK     7.8375     dn 4.75
      Jul   +CN     7.8875     dn 4.50
      Sep   +CU     8.0000     dn 3.50

Kansas City Hard Red Winter
      Mar   +KCH    8.3025     dn 0.50
      May   +KCK    8.4050     dn 0.25
      Jul   +KCN    8.4850     dn 0.25
      Sep   +KCU    8.6050     up 1.25

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.6050     dn 3.75
      May   +MNK    8.7225     dn 3.75
      Jul   +MNN    8.8125     dn 3.50
      Sep   +MNU    8.8200     dn 1.00

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 85.00, ranging   75.25 to 95        +CH  up 4.50-unch
    Feb                                        95 to 100.25       +CH  up 5.00- 5.25
    Mar                                        95 to 105.25       +CH  up 5.00- 2.50
    Apr                                        90 to 101.25       +CK  up 3.50- 4.75
    May                                        90 to 101.25       +CK  unch-up 4.75
    Aug NC                                     -5 to 20           +CU  unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Jan                mostly 85.00, ranging   75.25 to 95        +CH  up 4.50-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 71, ranging   60 to 80           +KCH unch
  10 pct protein          mostly 71, ranging   60 to 80           +KCH unch
  11 pct protein                               80 to 100          +KCH unch
  11.5 pct protein
    Jan                   mostly 99, ranging   90 to 110          +KCH unch
    Feb                                        99 to 110          +KCH unch
    Mar                                        105 to 110         +KCH unch
    Apr                                        95 to 102          +KCK unch
    May                                        100 to 105         +KCK unch
    Aug NC                                     40 to 50           +KCU unch
  12 pct protein                               95 to 115          +KCH unch
  13 pct protein         mostly 113, ranging   105 to 125         +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                               65 to 80           +MNH unch
  14 pct protein
    Jan                   mostly 92, ranging   85 to 100          +MNH unch
    Feb                                        95 to 105          +MNH up 5-unch
    Mar                                        95 to 105          +MNH up 5-unch
    Apr                                        93 to 95           +MNK unch
    May                                        97 to 100          +MNK unch
    Aug NC                                     75 to 90           +MNU unch
 15 pct protein                                85 to 100          +MNH unch
 16 pct protein                                85 to 100          +MNH unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        123 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 136         +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

12:36 P nd



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