Markets

Pacific NW Wheat Basis Report



JO_GR111

Portland, OR    Wed Dec 24, 2014    USDA Market News



***THIS REPORT WILL NOT BE ISSUED AGAIN UNTIL MONDAY DECEMBER 29, DUE 

TO THE HOLIDAY***



Pacific NW Wheat Basis Report:  Afternoon soft white wheat, hard red

winter wheat and dark northern spring wheat basis at midday for

Portland delivery.



Bids as of 12:30 p.m. Pacific time; Subject to change

Futures closes:

Chicago Soft Red Winter Wheat    Change

      Mar   +CH   6.1150     dn 24.00

      May   +CK   6.1525     dn 23.25

      Jul   +CN   6.1650     dn 22.50

      Sep   +CU   6.2400     dn 21.75



Chicago Hard Red Winter Wheat

      Mar   +KCH  6.4400     dn 20.75

      May   +KCK  6.4850     dn 21.25

      Jul   +KCN  6.5325     dn 21.00

      Sep   +KCU  6.6325     dn 20.25



Minneapolis Hard Red Spring Wheat

      Mar   +MNH  6.3250     dn 19.00

      May   +MNK  6.4050     dn 18.25

      Jul   +MNN  6.4900     dn 17.75

      Sep   +MNU  6.5675     dn 15.75



All wheat bids in cents per bushel with changes in cents per bushel

US 1 Soft White Wheat - delivered by Unit Trains and Barges

  Ordinary protein

    Dec                                      NA

    Jan                                      73.5 to 78       +CH  up 24-unch

    Feb                                      78 to 78.5       +CH  up 23.5-1

    Mar                                      78 to 88.5       +CH  up 13.5-11

    Aug NC                                   35 to 76         +CU  unch-up 21.75

  Gtd 10.5 pct protein

    Dec                                      175 to 175       +CH  unch

    Jan                                      150 to 188.5     +CH  unch-up 3.5

    Feb                                      150 to 193.5     +CH  unch-up 8.5

    Mar                                      150 to 198.5     +CH  unch-up 12

    Aug NC                                   35 to 80         +CU  unch

_

US 1 White Club Wheat - delivered by Unit Trains and Barges

  Ordinary protein

    Dec                                      NA

  Gtd 10.5 pct protein

    Dec             mostly 400.00, ranging   375 to 425       +CH  unch

_

US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or

better)

  Ordinary protein                           NA

  10 pct protein                             NA

  11 pct protein                             NA

  11.5 pct protein

    Dec                                      NA

    Jan                                      85 to 95         +KCH unch

    Feb                                      85 to 100        +KCH unch

    Mar                                      75 to 100        +KCH unch

    Aug NC                                   80 to 80         +KCU unch

  12 pct protein                             NA

  13 pct protein                             NA

_

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                             NA

  14 pct protein

    Dec                                      NA

    Jan                                      240 to 250       +MNH unch-dn 50

    Feb                                      240 to 260       +MNH unch-dn 40

    Mar                                      250 to 275       +MNH dn 20-25

    Aug NC                                   140 to 160       +MNU dn 5-up 10

 15 pct protein                              NA

 16 pct protein                              NA

_

US 2 Yellow Corn in dollars per CWT

  Domestic-single rail cars

  Delivered full coast-BN                    NA

  Delivered to Portland                      NA

  Rail and Truck del to Willamette Vly       NA

  Rail del to Yakima Valley                  NA

  Truck del to Yakima Valley                 NA



Source:     USDA Market News Service, Portland, OR

            Niki Davila 503-326-2237  Portland.LPGMN@ams.usda.gov

            24 Hour Market Report  503-326-2022

            www.ams.usda.gov/mnreports/jo_gr111.txt

            www.ams.usda.gov/lpsmarketnewspage



10:26 P nd

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