USDA Portland Midday Basis Report 07/25 14:00

USDA Portland Midday Basis Report                  07/25 14:00

JO_GR111
Portland, OR    Mon  Jul 25, 2011    USDA Market News

Pacific NW Wheat Basis Report:  Hard red winter wheat and dark northern
spring wheat basis at midday for Portland delivery.

Futures closes:
Chicago Soft Red Winter Wheat            Change
Sep             CU            6.8850     dn 3.75

Kansas City Hard Red Winter              Change
Sep            KCU            7.7050     dn 9.5
Dec            KCZ            7.9625     dn 8
Mar            KCH            8.1000     dn 6.75
May            KCK            8.1450     dn 7

Minneapolis Hard Red Spring              Change
Sep            MNU            8.3075     dn 7.75
Dec            MNZ            8.3375     dn 8
Mar            MNH            8.4275     dn 9
May            MNK            8.4675     dn 8.75

Midday basis for Soft White Wheat - delivered by Unit Trains and Barges
Basis                                    Change        Cash Bids     Change     
 Futures
Jul        -19 to 12 mostly 2       +CU  dn 2-up 9     6.70-7.01     dn 5-up 6  
 6.8850 U
Aug NC     -14 to 15                +CU  dn 2-up 12    6.75-7.04     dn 5-up 9
-
Midday basis for Ordinary percent protein US 1 Hard Red Winter Wheat
Basis                                    Change        Cash Bids     Change     
 Futures
Jul        -110 to -100 mostly -106 +KCU unch-dn 20    6.61-6.71     dn 9-29    
 7.7050 U
-
Midday basis for 11.5 percent protein US 1 Hard Red Winter Wheat
Basis                                    Change        Cash Bids     Change     
 Futures
Jul        20 to 42 mostly 28       +KCU dn 5-unch     7.91-8.13     dn 14-9    
 7.7050 U
Aug NC     25 to 40                 +KCU unch          7.96-8.11     dn 9
Sep 1-10   30 to 40                 +KCU unch          8.01-8.11     dn 9
Sep 11-20  30 to 43                 +KCU unch          8.01-8.14     dn 9
Sep 21-30  33 to 45                 +KCU unch          8.04-8.16     dn 9
Oct        25 to 35                 +KCZ unch          8.21-8.31     dn 8       
 7.9625 Z
Nov        30 to 40                 +KCZ unch          8.26-8.36     dn 8
-
Midday basis for 14 percent protein US 1 Dark Northern Spring Wheat
Basis                                    Change        Cash Bids     Change     
 Futures
Jul        150 to 190 mostly 165    +MNU unch-dn 30    9.81-10.21    dn 8-38    
 8.3075 U
Aug NC     140 to 175               +MNU dn 10-15      9.71-10.06    dn 18-23
Sep        130 to 155               +MNU unch-dn 15    9.61-9.86     dn 8-23
Oct        135 to 155               +MNZ unch-dn 15    9.69-9.89     dn 8-23    
 8.3375 Z
Nov        140 to 160               +MNZ up 5-dn 10    9.74-9.94     dn 3-18
-
***Midday basis for ***GUARANTEED 14 percent protein*** US 1 Dark Northern
Spring Wheat***
Basis                                    Change        Cash Bids     Change     
 Futures
Jul        150 to 170               +MNU unch          9.81-10.01    dn 8       
 8.3075 U
Aug        140 to 160               +MNU unch          9.71-9.91     dn 8
Sep        130 to 140               +MNU unch          9.61-9.71     dn 8
Oct        135 to 160               +MNZ unch          9.69-9.94     dn 8       
 8.3375 Z
Nov        140 to 170               +MNZ up 5-unch     9.74-10.04    dn 3-8

Kansas City Board of Trade/Minneapolis Grain Exchange/Chicago Board of Trade (C)
month symbols: H-March, K-May, N-July, U-September and Z-December

Source:    USDA Market News Portland, OR
           Niki Davila 503-326-2237 Portland.LGMN@ams.usda.gov
           www.ams.usda.gov/mnreports/JO_GR110.txt
           www.ams.usda.gov/lsmarketnews

11:44      P nd


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