Pacific NW Wheat Basis Report

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JO_GR111
Portland, OR    Wed Aug 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
      Sep   +CU     6.3875     up 4.50
      Dec   +CZ     6.4925     up 3.25
      Mar   +CH     6.6075     up 3.25
      May   +CK     6.6700     up 3.00

Kansas City Hard Red Winter
      Sep   +KCU    6.9950     up 2.75
      Dec   +KCZ    7.0175     up 2.50
      Mar   +KCH    7.0850     up 1.75
      May   +KCK    7.1150     up 1.00

Minneapolis Hard Red Spring Wheat
      Sep   +MNU    7.2875     dn 6.25
      Dec   +MNZ    7.3575     dn 3.25
      Mar   +MNH    7.4800     dn 2.00
      May   +MNK    7.5500     dn 1.50

All wheat bids in dollars per bushel with changes in cents per bushel
US 1 Soft White Wheat - delivered by Unit Trains and Barges
    Aug NC             mostly 95.25, ranging   85 to 100          +CU  unch-dn 0.75
    Sep                                        90 to 105          +CU  unch-up 4.25
    Oct                                        80 to 95           +CZ  unch-up 3.00
    Nov                                        80 to 95           +CZ  unch
    Dec                                        80 to 95.75        +CZ  unch-dn 2.25
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
    Aug NC            mostly 100.25, ranging   96.25 to 105       +CU  up 11.25-unch
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein       mostly 101, ranging   98 to 106          +KCU unch
  10 pct protein         mostly 101, ranging   98 to 106          +KCU unch
  11 pct protein                               106 to 112         +KCU unch-dn 1
  11.5 pct protein
    Aug NC               mostly 113, ranging   110 to 117         +KCU unch-dn 1
    Sep                                        110 to 127         +KCU unch
    Oct                                        100 to 128         +KCZ unch
    Nov                                        105 to 129         +KCZ unch
    Dec                                        110 to 130         +KCZ unch
  12 pct protein                               112 to 118         +KCU unch
  13 pct protein         mostly 117, ranging   112 to 124         +KCU dn 1-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                               84 to 101          +MNU unch-up 3
  14 pct protein
    Aug NC               mostly 108, ranging   100 to 117         +MNU unch-up 2
    Sep                                        100 to 117         +MNU unch-up 3
    Oct                                        100 to 115         +MNZ unch
    Nov                                        103 to 118         +MNZ up 3-unch
    Dec                                        105 to 120         +MNZ up 5-unch
 15 pct protein                                100 to 117         +MNU unch-up 2
 16 pct protein                                100 to 117         +MNU unch-up 2
_
US 2 Yellow Corn in dollars per CWT
  Domestic-single rail cars
  Delivered full coast-BN                      NA
  Delivered to Portland                        246 to 250         +CU  unch-up 2
  Rail and Truck del to Willamette Vly         NA
  Rail del to Yakima Valley                    NA
  Truck del to Yakima Valley                   245 to 261         +CU  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

11:57 P nd



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