Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Fri May 19, 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 July wheat futures trended 4.75 to 9.25 cents per
bushel higher than Thursday�s 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 were indicated as higher compared to Thursday�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 higher compared to Thursday�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 May
delivery were not well tested in early trading, but were indicated as
higher compared to Thursday�s noon bids.  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 were indicated as
higher compared to Thursday�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 May were not well tested in early trading, but bids were
indicated as higher compared to Thursday�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 May were not well tested in early trading, but bids were
indicated as higher compared to Thursday�s noon bids.  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
    May                                  45 to 57.75       +N
    Jun                                  50 to 57.75       +N
    Jul                                  53.75 to 55       +N
    Aug NC                               35 to 40          +U
    Sep                                  35 to 40          +U
  Guaranteed maximum 10.5 pct protein
    May                                  45 to 60          +N
    Jun                                  50 to 60          +N
    Jul                                  53.75 to 60       +N
    Aug NC                               35 to 40          +U
    Sep                                  35 to 40          +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    May                                  45 to 63.75       +N
  Guaranteed maximum 10.5 pct protein
    May                                  55 to 65          +N
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protein                       -15 to 0          +N
  11 pct protein                         45 to 60          +N
  11.5 pct protein
    May                                  75 to 90          +N
    Jun                                  75 to 85          +N
    Jul                                  75 to 85          +N
    Aug NC                               65 to 70          +U
    Sep                                  70 to 70          +U
  12 pct protein                         90 to 105         +N
  13 pct protein                         120 to 135        +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                         35 to 69          +N
  14 pct protein
    May                                  100 to 125        +N
    Jun                                  100 to 125        +N
    Jul                                  100 to 125        +N
    Aug NC                               90 to 120         +U
    Sep                                  90 to 120         +U
 15 pct protein                          120 to 155        +N
 16 pct protein                          140 to 195        +N
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                  70 to 82          +N
    Jun                                  70 to 75          +N
    Jul                                  71 to 74          +N
    Aug                                  66 to 72          +U
    Sep                                  66 to 72          +U
    Oct                                  70 to 72          +Z
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    May                                  65 to 72          +N
    Jun                                  68 to 72          +N
    Jul                                  70 to 77          +N
    Oct                                  80 to 87          +X
    Nov                                  79 to 85          +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

8:49  P nd