Pacific NW Wheat Basis Report

JO_GR111
Portland, OR    Fri Mar 15, 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
      May   +CK     7.2300     dn 1.75
      Jul   +CN     7.2125     up 1.25
      Sep   +CU     7.2675     up 2.25
      Dec   +CZ     7.3900     up 2.50

Kansas City Hard Red Winter
      May   +KCK    7.5150     dn 1.25
      Jul   +KCN    7.5575     dn 0.50
      Sep   +KCU    7.6750     dn 0.25
      Dec   +KCZ    7.8225     dn 0.25

Minneapolis Hard Red Spring Wheat
      May   +MNK    7.9625     dn 4.75
      Jul   +MNN    7.9625     dn 3.50
      Sep   +MNU    7.9625     dn 3.25
      Dec   +MNZ    8.0250     dn 1.75

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Mar               mostly 160.00, ranging   155 to 165         +CK  unch
    Apr                                        155 to 165         +CK  up 4.75-unch
    May                                        155 to 165         +CK  up 4.75-unch
    Jun                                        NA
    Aug NC                                     50 to 55           +CU  unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Mar               mostly 160.00, ranging   155 to 165         +CK  unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein       mostly 116, ranging   110 to 128         +KCK unch
  10 pct protein         mostly 116, ranging   110 to 128         +KCK unch
  11 pct protein                               130 to 136         +KCK unch
  11.5 pct protein
    Mar                                        140 to 140         +KCK unch
    Apr                                        130 to 145         +KCK unch
    May                                        127 to 145         +KCK unch
    Jun                                        135 to 135         +KCN unch
    Aug NC                                     60 to 65           +KCU unch
  12 pct protein                               140 to 145         +KCK unch
  13 pct protein         mostly 150, ranging   140 to 155         +KCK 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                               129 to 139         +MNK unch
  14 pct protein
    Mar                  mostly 151, ranging   145 to 155         +MNK unch
    Apr                                        135 to 155         +MNK unch
    May                                        130 to 155         +MNK unch
    Jun                                        NA
    Aug NC                                     85 to 90           +MNU unch
 15 pct protein                                145 to 155         +MNK unch
 16 pct protein                                145 to 155         +MNK unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        130 to 132         +CK  unch
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   130 to 141         +CK  unch

Source:     USDA Market News Service, Portland, OR
            Tiffany Smit 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

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