Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Wed May 15, 2019    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 July wheat futures trended 4.25 to 9.25 cents per
bushel higher compared to Tuesday�s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for May delivery for ordinary protein were not well tested in early
trading, but bids were indicated as steady compared to Tuesday�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
Tuesday�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 May
delivery were not well tested in early trading, but bids were indicated as
higher compared to Tuesday�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 May
delivery were not well tested in early trading, but bids were indicated as
higher compared to Tuesday�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 May delivery were not well tested in early trading, but bids were
indicated as higher compared to Tuesday�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 May 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
    May                                 112.25 to 117.25  +N
    Jun                                 112.25 to 119.25  +N
    Jul                                 112.25 to 119.25  +N
    Aug NC                              95.25 to 105.25   +U
    Sep                                 98.25 to 110.25   +U
  Guaranteed maximum 10.5 pct protein
    May                                 112.25 to 117.25  +N
    Jun                                 112.25 to 117.25  +N
    Jul                                 112.25 to 117.25  +N
    Aug NC                              95.25 to 110.25   +U
    Sep                                 98.25 to 110.25   +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    May                                 112.25 to 117.25  +N
  Guaranteed maximum 10.5 pct protein
    May                                 112.25 to 117.25  +N
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       149 to 159        +N
  11 pct protein                        163 to 173        +N
  11.5 pct protein
    May                                 170 to 180        +N
    Jun                                 165 to 175        +N
    Jul                                 130 to 170        +N
    Aug NC                              115 to 130        +U
    Sep                                 NA
  12 pct protein                        170 to 182        +N
  13 pct protein                        170 to 186        +N
_
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                        70 to 92          +N
  14 pct protein
    May                                 90 to 100         +N
    Jun                                 90 to 95          +N
    Jul                                 80 to 95          +N
    Aug NC                              80 to 95          +U
    Sep                                 NA
 15 pct protein                         90 to 100         +N
 16 pct protein                         90 to 100         +N
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                 113 to 115        +N
    Jun                                 98 to 100         +N
    Jul                                 88 to 90          +N
    Aug                                 75 to 80          +U
    Sep                                 NA
    Oct                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                 NA
    Jun                                 NA
    Jul                                 55 to 55          +N
    Aug                                 60 to 60          +Q
    Sep                                 22 to 22          +X
    Oct                                 18 to 18          +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  503-535-5005
           www.ams.usda.gov/mnreports/jo_gr111.txt
           www.ams.usda.gov/lpsmarketnewspage

8:53 P nd