Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Thu Feb 21, 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     7.2125     dn 17.25
      May   +CK     7.2400     dn 21.25
      Jul   +CN     7.2800     dn 20.00
      Sep   +CU     7.3650     dn 19.75

Kansas City Hard Red Winter
      Mar   +KCH    7.5725     dn 20.00
      May   +KCK    7.6725     dn 20.25
      Jul   +KCN    7.7475     dn 20.00
      Sep   +KCU    7.8850     dn 19.75

Minneapolis Hard Red Spring Wheat
      Mar   +MNH    8.0650     dn 14.25
      May   +MNK    8.1775     dn 16.75
      Jul   +MNN    8.2625     dn 16.75
      Sep   +MNU    8.3025     dn 15.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Feb               mostly 132.25, ranging   126.75 to 140      +CH  up 12.25-unch
    Mar                                        135 to 140         +CH  up 11.50-unch
    Apr                                        130 to 151         +CK  up 10.25- 16.00
    May                                        125 to 151         +CK  up 5.25- 16.00
    Aug NC                                     30 to 40           +CU  up 10.00-dn 5.00
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Feb               mostly 132.25, ranging   126.75 to 140      +CH  up 12.25-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein        mostly 93, ranging   75 to 108          +KCH unch
  10 pct protein          mostly 93, ranging   75 to 108          +KCH unch
  11 pct protein                               95 to 122          +KCH unch
  11.5 pct protein
    Feb                  mostly 118, ranging   105 to 130         +KCH unch
    Mar                                        122 to 130         +KCH unch
    Apr                                        111 to 125         +KCK unch
    May                                        114 to 125         +KCK unch
    Aug NC                                     45 to 65           +KCU unch
  12 pct protein                               111 to 135         +KCH unch
  13 pct protein         mostly 131, ranging   120 to 145         +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                               86 to 100          +MNH unch-dn 5
  14 pct protein
    Feb                  mostly 111, ranging   102 to 120         +MNH unch-dn 5
    Mar                                        105 to 125         +MNH unch
    Apr                                        105 to 115         +MNK unch-up 2
    May                                        105 to 115         +MNK unch
    Aug NC                                     80 to 90           +MNU unch
 15 pct protein                                102 to 120         +MNH unch-dn 5
 16 pct protein                                102 to 120         +MNH unch-dn 5
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        118 to 125         +CH  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   110 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/lpsmarketnewspage

12:37 P nd

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