Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Thu Oct 11, 2018    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 December wheat futures trended mixed, from two cents
lower to one cent per bushel lower than Wednesday�s noon closes, with the
greatest decline in Chicago hard red wheat and the advance in Minneapolis
dark northern spring wheat.

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

   Bids for 14 percent protein US 1 Dark Northern Spring Wheat for October
delivery were not well tested but bids were indicated as higher compared to
Wednesday�s noon bids for the same delivery period.  Some exporters were
not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during October delivery were not well tested in early trading but bids were
indicated as higher compared to Wednesday�s noon bids for the same delivery
period.  Some exporters were not issuing bids for nearby delivery.

   Bids for US 1 Yellow Soybeans delivered full coast in 110 car shuttle
trains during October were not available in early trading as most 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
    Oct                                 90.5 to 107.5     +Z
    Nov                                 90.5 to 107.5     +Z
    Dec                                 108.5 to 112.5    +Z
    Jan                                 90 to 95          +H
    Feb                                 92 to 98          +H
  Guaranteed maximum 10.5 pct protein
    Oct                                 90.5 to 105.5     +Z
    Nov                                 90.5 to 105.5     +Z
    Dec                                 NA
    Jan                                 NA
    Feb                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Oct                                 90.5 to 107.5     +Z
  Guaranteed maximum 10.5 pct protein
    Oct                                 90.5 to 105.5     +Z
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       95 to 109         +Z
  11 pct protein                        105 to 123        +Z
  11.5 pct protein
    Oct                                 110 to 130        +Z
    Nov                                 135 to 135        +Z
    Dec                                 135 to 137        +Z
    Jan                                 115 to 115        +H
    Feb                                 NA
  12 pct protein                        110 to 130        +Z
  13 pct protein                        110 to 140        +Z
_
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                        45 to 87          +Z
  14 pct protein
    Oct                                 85 to 95          +Z
    Nov                                 95 to 110         +Z
    Dec                                 100 to 110        +Z
    Jan                                 95 to 105         +H
    Feb                                 NA
 15 pct protein                         85 to 98          +Z
 16 pct protein                         85 to 106         +Z
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Oct                                 87 to 88          +Z
    Nov                                 82 to 86          +Z
    Dec                                 90 to 96          +Z
    Jan                                 92 to 92          +H
    Feb                                 92 to 93          +H
    Mar                                 92 to 92          +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Oct                                 NA
    Nov                                 NA
    Dec                                 NA
    Jan                                 NA
    Feb                                 NA
    Mar                                 NA
_
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  503-535-5005
           www.ams.usda.gov/mnreports/jo_gr111.txt
           www.ams.usda.gov/lpsmarketnewspage

8:47 P nd