Pacific NW Wheat Basis Report
JO_GR111
Portland, OR    Thu Aug 06, 2020    USDA Market News

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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 5.50 to 10.25 cents per
bushel lower compared to Wednesday�s noon closes.

   Bids for US 1 Soft White Wheat delivered to Portland in unit trains and
barges for August 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 August
delivery were not well tested in early trading, but 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 August
delivery were not well tested in early trading, but 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 US 2 Yellow Corn delivered full coast in 110 car shuttle trains
during August 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 August were not well tested in early trading, but 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 as of 9:30 a.m. Pacific time; Subject to change

US 1 Soft White Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Aug                                 52 to 56          +U
    Sep                                 57 to 61          +U
    Oct                                 NA
    Nov                                 NA
    Dec                                 NA
  Guaranteed maximum 10.5 pct protein
    Aug                                 52 to 57          +U
    Sep                                 57 to 67          +U
    Oct                                 53.25 to 63.25    +Z
    Nov                                 56.25 to 63.25    +Z
    Dec                                 NA
_
US 1 White Club Wheat - delivered by Unit Trains and Barges
  Ordinary protein
    Aug                                 52 to 231         +U
  Guaranteed maximum 10.5 pct protein
    Aug                                 52 to 231         +U
_
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
  Ordinary protei                       110 to 120        +U
  11 pct protein                        130 to 140        +U
  11.5 pct protein
    Aug                                 140 to 150        +U
    Sep                                 140 to 150        +U
    Oct                                 140 to 145        +Z
    Nov                                 145 to 150        +Z
    Dec                                 NA
  12 pct protein                        145 to 155        +U
  13 pct protein                        155 to 165        +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                        79 to 86          +U
  14 pct protein
    Aug                                 95 to 110         +U
    Sep                                 95 to 112         +U
    Oct                                 110 to 125        +Z
    Nov                                 105 to 130        +Z
    Dec                                 NA
 15 pct protein                         103 to 122        +U
 16 pct protein                         111 to 134        +U
_
US 2 Yellow Corn
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Aug                                 100 to 107        +U
    Sep                                 100 to 110        +U
    Oct                                 NA
    Nov                                 100 to 112        +Z
    Dec                                 112 to 115        +Z
    Jan                                 115 to 116        +H
_
US 1 Yellow Soybeans
 Shuttle trains-Delivered full coast Pacific Northwest-BN
    Aug                                 116 to 116        +X
    Sep                                 122 to 125        +X
    Oct                                 130 to 133        +X
    Nov                                 133 to 133        +X
    Dec                                 120 to 120        +F
    Jan                                 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

8:44 P nd