Pacific NW Wheat Basis Report

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JO_GR111
Portland, OR    Tue May 07, 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     6.9950     up 6.50
      Jul   +CN     7.0900     up 6.25
      Sep   +CU     7.1875     up 6.25
      Dec   +CZ     7.3575     up 7.00

Kansas City Hard Red Winter
      May   +KCK    7.6975     up 1.00
      Jul   +KCN    7.5800     up 1.25
      Sep   +KCU    7.6875     up 1.25
      Dec   +KCZ    7.8625     up 1.25

Minneapolis Hard Red Spring Wheat
      May   +MNK    8.5775     up 6.75
      Jul   +MNN    8.0975     up 4.00
      Sep   +MNU    8.0650     up 2.50
      Dec   +MNZ    8.1350     up 2.25

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    May                mostly 54.00, ranging   46 to 60           +CN  dn 6.25-unch
    Jun                                        51 to 70           +CN  dn 6.25-unch
    Jul                                        49.75 to 65        +CN  unch
    Aug NC                                     38.25 to 40        +CU  up 0.75-unch
    Sep                                        40 to 45           +CU  unch
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    May                mostly 54.00, ranging   46 to 60           +CN  dn 6.25-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein       mostly 117, ranging   113 to 120         +KCN unch-dn 5
  10 pct protein         mostly 117, ranging   113 to 120         +KCN unch-dn 5
  11 pct protein                               121 to 130         +KCN unch-dn 5
  11.5 pct protein
    May                  mostly 131, ranging   125 to 135         +KCN unch-dn 5
    Jun                                        110 to 130         +KCN unch
    FH Jul                                     100 to 120         +KCN unch
    LH Jul                                     80 to 105          +KCN unch
    Aug NC                                     65 to 80           +KCU unch
    Sep                                        70 to 90           +KCU unch
  12 pct protein                               125 to 138         +KCN unch-dn 2
  13 pct protein         mostly 135, ranging   125 to 144         +KCN 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                               94 to 109          +MNN unch
  14 pct protein
    May                  mostly 118, ranging   110 to 125         +MNN unch
    Jun                                        110 to 125         +MNN up 5-unch
    Jul                                        95 to 110          +MNN unch
    Aug NC                                     90 to 105          +MNU unch
    Sep                                        90 to 100          +MNU unch
 15 pct protein                                110 to 125         +MNN unch
 16 pct protein                                110 to 125         +MNN unch
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        146 to 149         +CN  up 6-3
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   127 to 160         +CN  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

11:43 P nd


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