Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Wed Mar 14, 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 March wheat futures trended steady to 11 cents per
bushel higher than Tuesday�s closes. May wheat futures trended 1.50 to 3.75
cents per bushel higher than Tuesday�s closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for March 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
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 11.5 percent protein US 1 Hard Red Winter Wheat for March
delivery were not well tested in early trading but bids were indicated as
higher compared to Tuesday�s 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 March
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 are not issuing bids for nearby delivery.

   Bids for US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during March were not well tested in early trading, but bids were indicated
as mixed 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 March were not well tested in early trading, but bids were
indicated as lower compared to Tuesday�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
    Mar                                 52 to 76          +K
    Apr                                 52 to 80          +K
    May                                 74 to 85          +K
    Jun                                 58.5 to 68        +N
    Aug NC                              42 to 50          +U
  Guaranteed maximum 10.5 pct protein
    Mar                                 52 to 75          +K
    Apr                                 52 to 80          +K
    May                                 74 to 85          +K
    Jun                                 62.5 to 68        +N
    Aug NC                              43 to 50          +U
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Mar                                 57 to 76          +K
  Guaranteed maximum 10.5 pct protein
    Mar                                 52 to 75          +K
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       40 to 60          +K
  11 pct protein                        100 to 130        +K
  11.5 pct protein
    Mar                                 130 to 155        +K
    Apr                                 135 to 150        +K
    May                                 135 to 155        +K
    Jun                                 135 to 138        +N
  12 pct protein                        145 to 170        +K
  13 pct protein                        175 to 200        +K
_
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                        67 to 90          +K
  14 pct protein
    Mar                                 115 to 135        +K
    Apr                                 115 to 138        +K
    May                                 120 to 138        +K
    Jun                                 110 to 125        +N
 15 pct protein                         147 to 167        +K
 16 pct protein                         178 to 199        +K
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Mar                                 110 to 110        +K
    Apr                                 110 to 110        +K
    May                                 110 to 110        +K
    Jun                                 102 to 105        +N
    Jul                                 87 to 90          +N
    Aug                                 NA
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Mar                                 85 to 98          +K
    Apr                                 98 to 100         +K
    May                                 98 to 100         +K
    Jun                                 95 to 98          +N
    Jul                                 92 to 98          +N
    Oct                                 90 to 100         +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

8:43 P nd