Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Tue Feb 05, 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     7.5750     dn 5.50
      May   +CK     7.6425     dn 6.50
      Jul   +CN     7.6850     dn 7.50
      Sep   +CU     7.8025     dn 7.25

Kansas City Hard Red Winter
      Mar   +KCH    8.0725     dn 9.75
      May   +KCK    8.1875     dn 10.00
      Jul   +KCN    8.2700     dn 10.75
      Sep   +KCU    8.3950     dn 10.00

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.4175     dn 5.25
      May   +MNK    8.5475     dn 5.00
      Jul   +MNN    8.6400     dn 5.50
      Sep   +MNU    8.6700     dn 4.25

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Feb               mostly 103.75, ranging   97.5 to 110        +CH  up 0.50-unch
    Mar                                        102.5 to 132.5     +CH  dn 4.50-up 5.50
    Apr                                        100.75 to 125.75   +CK  dn 3.50-up 6.50
    May                                        100.75 to 125.75   +CK  dn 3.50-up 6.50
    Aug NC                                     0 to 35            +CU  unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Feb               mostly 103.75, ranging   97.5 to 110        +CH  up 0.50-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 80, ranging   69 to 91           +KCH unch-up 5
  10 pct protein          mostly 80, ranging   69 to 91           +KCH unch-up 5
  11 pct protein                               89 to 107          +KCH unch-up 5
  11.5 pct protein
    Feb                  mostly 108, ranging   99 to 115          +KCH unch-up 5
    Mar                                        105 to 115         +KCH unch-up 5
    Apr                                        95 to 106          +KCK unch-up 2
    May                                        100 to 106         +KCK unch
    Aug NC                                     40 to 50           +KCU unch
  12 pct protein                               104 to 118         +KCH unch-up 3
  13 pct protein         mostly 121, ranging   114 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                               75 to 99           +MNH unch-up 10
  14 pct protein
    Feb                  mostly 102, ranging   95 to 115          +MNH unch-up 10
    Mar                                        100 to 115         +MNH unch-up 10
    Apr                                        95 to 96           +MNK unch
    May                                        97 to 100          +MNK unch
    Aug NC                                     75 to 90           +MNU unch
 15 pct protein                                95 to 115          +MNH unch-up 10
 16 pct protein                                95 to 115          +MNH unch-up 10
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        119 to 125         +CH  dn 4-unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   110 to 137         +CH  unch-up 3

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/lpsmarketnewspage

12:33 P nd

1. Ag markets mixed again Tuesday
2. Behold, the power of Greek yogurt’s whey
3. Milk and dairy product prices remain stable
4. Ag markets generally mixed around midsession on Tuesday
5. How China may keep Calif. dairies in business
6. Why commodity feeding?

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Cattle crush Calif. dairy worker
5. WASDE: Corn price outlook lowered
6. How China may keep Calif. dairies in business

1. Commentary: Clueless consumers
2. Commentary: Why should we care about the farm bill?