Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Mon Jul 17, 2017    USDA Market News

Pacific NW Basis Report:  Morning soft white wheat, hard red
winter wheat, dark northern spring wheat, corn and soybean basis
for Portland delivery.  All bids in cents per bushel.
Bids are limited and not fully established in early trading.

   Bids for grains delivered to Portland, Oregon in dollars per bushel.

   In early trading September wheat futures trended mixed, from 7.75 cents
 lower to 4.75 cents per bushel higher than Friday�s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for July delivery for ordinary protein were not well tested in
early trading, but were indicated as lower compared to Friday�s noon
bids for the same delivery period.  Some exporters were not issuing bids
for nearby delivery.  Bids for guaranteed maximum 10.5 percent protein
were not well tested early trading, but were indicated as lower compared
to Friday�s bids for the same delivery period.  Some exporters were not
issuing bids for nearby delivery.

   Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for July
delivery were not well tested in early trading, but were indicated as
lower compared to Friday�s noon bids.  Some exporters were not issuing
bids for nearby delivery.

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for July
delivery were not well tested in early trading, but were indicated as
higher compared to Friday�s noon bids.  Some exporters are not issuing
bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle
trains during July were not well tested in early trading, but bids were
indicated as steady as compared to Friday�s noon bids. Some exporters were
not issuing bids for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during July were well tested early trading, but bids were indicated
as higher compared to Friday�s noon bids for the same delivery period.
Some exporters were not issuing bids for nearby delivery.

Bids as of 9:30 a.m. Pacific time; Subject to change

US 1 Soft White Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jul                                  10 to 38          +U
    Aug NC                               15 to 38          +U
    Sep                                  15 to 42          +U
    Oct                                  NA
    Nov                                  NA
  Guaranteed maximum 10.5 pct protein
    Jul                                  10 to 29          +U
    Aug NC                               10 to 29          +U
    Sep                                  15 to 34          +U
    Oct                                  5 to 20           +Z
    Nov                                  10 to 20          +Z
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Jul                                  10 to 43          +U
  Guaranteed maximum 10.5 pct protein
    Jul                                  10 to 29          +U
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein                       -15 to 5          +U
  11 pct protein                         45 to 65          +U
  11.5 pct protein
    Jul                                  75 to 95          +U
    Aug NC                               70 to 95          +U
    Sep                                  75 to 95          +U
    Oct                                  70 to 85          +Z
    Nov                                  70 to 85          +Z
  12 pct protein                         90 to 115         +U
  13 pct protein                         120 to 155        +U
_
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                         44 to 55          +U
  14 pct protein
    Jul                                  100 to 115        +U
    Aug NC                               100 to 115        +U
    Sep                                  100 to 125        +U
    Oct                                  130 to 145        +Z
    Nov                                  130 to 150        +Z
 15 pct protein                          128 to 155        +U
 16 pct protein                          156 to 195        +U
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jul                                  51 to 52          +U
    Aug                                  51 to 51          +U
    Sep                                  NA
    Oct                                  63 to 68          +Z
    Nov                                  63 to 68          +Z
    Dec                                  65 to 68          +Z
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Jul                                  68 to 72          +Q
    Aug                                  70 to 70          +Q
    Sep                                  78 to 78          +X
    Oct                                  80 to 80          +X
    Nov                                  78 to 78          +x
_
BASIS REPORT SYMBOLS:
January-F; February-G; March-H; April-J; May-K; June-M; July-N;
August-Q; September-U; October-V; November-X; December-Z

Source:     USDA Market News Service, Portland, OR
            Niki Davila 503-535-5001  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

10:43 P nd