Portland, OR - Fri May 09, 2008 - USDA Market News
Hard red winter wheat and dark northern spring wheat basis at midday for
Portland delivery.
Futures closes:
Chicago Soft Red Winter Wheat
Change
Jul= CN 8.0450 dn 17.5
Kansas City Hard Red Winter
Change
May= KCK 8.8100 dn 19
Jul= KCN 8.4550 dn 22.5
Sep= KCU 8.5400 dn 19.5
Dec= KCZ 8.7400 dn 23
Minneapolis Hard Red Spring
Change
May= MNK 11.9500 dn 15
Jul= MNN 10.0300 dn 0.25
Sep= MNU 8.9575 dn 14.25
Dec= MNZ 9.0000 dn 16.75
Midday basis for Soft White Wheat
Basis Change Cash Bids Change Futures
May= NA NA 8.0450 N
-
Midday basis for Ordinary percent protein US 1 Hard Red Winter Wheat
Basis Change Cash Bids Change Futures
May= NA NA 8.4550 N
-
Midday basis for 11.5 percent protein US 1 Hard Red Winter Wheat
Basis Change Cash Bids Change Futures
May= 110 to 150 mostly 130 +KCNunch 9.56 to 9.96 dn 22 8.4550 N
FH Jun= 90 to 125 +KCN unch 9.36 to 9.71 dn 22
LH Jun= 90 to 95 +KCN unch 9.36 to 9.41 dn 22
Jul 1-10=90 to 90 +KCN unch 9.36 to 9.36 dn 22
Jul 11-2075 to 80 +KCN unch 9.21 to 9.26 dn 22
Jul 21-3170 to 70 +KCN unch 9.16 to 9.16 dn 22
Aug NC= 58 to 60 +KCU unch 9.12 to 9.14 dn 20 8.5400 U
Sep= 65 to 70 +KCU dn 3-unch 9.19 to 9.24 dn 23- 20
-
Midday basis for 14 percent protein US 1 Dark Northern Spring Wheat
Basis Change Cash Bids Change Futures
May= 200 to 215 mostly 208 +MNNunch 12.03 to 12.18 unch 10.0300 N
Jun= 200 to 225 +MNN unch 12.03 to 12.28 unch
Jul 1-10=190 to 190 +MNN unch 11.93 to 11.93 unch
Jul 11-20140 to 140 +MNN unch 11.43 to 11.43 unch
Jul 21-3180 to 90 +MNN unch 10.83 to 10.93 unch
Aug 1-10=100 to 110 +MNU unch 9.96 to 10.06 dn 14 8.9575 U
Aug 11-2095 to 105 +MNU unch 9.91 to 10.01 dn 14
Aug 21-3190 to 105 +MNU unch-up 5 9.86 to 10.01 dn 14- 9
FH Sep= 90 to 105 +MNU unch-up 5 9.86 to 10.01 dn 14- 9
LH Sep= 93 to 105 +MNU unch 9.89 to 10.01 dn 14
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
Tiffany Smit (503) 326-2237
www.ams.usda.gov/mnreports/JO_GR111.txt
11:58
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