JO_GR111
Portland, OR         Fri  Nov 06, 2009     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
Dec           CZ       4.9725    dn 15

Kansas City Hard Red Winter
                                 Change
Dec           KCZ      5.0100    dn 16.5
Mar           KCH      5.1725    dn 16.75
May           KCK      5.2900    dn 16.75
Jul           KCN      5.4075    dn 16.5

Minneapolis Hard Red Spring
                                 Change
Dec           MNZ      5.1825    dn 10.25
Mar           MNH      5.3375    dn 10.75
May           MNK      5.4525    dn 11.25
Jul           MNN      5.5650    dn 11.75


Midday basis for Soft White Wheat - ANY PROTEIN
Basis                                Change     Cash Bids       Change     Futures
Nov       -18 to -12 mostly  -12 +CZ up 14- 10    4.79 to 4.85  dn 1- 5    4.9725  Z
Dec       -17 to -7              +CZ up 10        4.80 to 4.90  dn 5
-
Midday basis for Soft White Wheat - ***MAXIMUM 10.5 PERCENT PROTEIN***
  Exporters are no longer bidding premiums for maximum 10.5% protein SWW.
-
Midday basis for Ordinary percent protein US 1 Hard Red Winter Wheat
Basis                                Change     Cash Bids       Change     Futures
Nov       -36 to -25 mostly  -30 +KCZunch         4.65 to 4.76  dn 17      5.0100  Z
-
Midday basis for 11.5 percent protein US 1 Hard Red Winter Wheat
Basis                                Change     Cash Bids       Change     Futures
Nov       30 to 35   mostly  35  +KCZunch         5.31 to 5.36  dn 17      5.0100  Z
Dec       30 to 44   +KCZ            unch         5.31 to 5.45  dn 17
Jan       25 to 35   +KCZ            unch         5.26 to 5.36  dn 17
Feb       35 to 37   +KCH            unch         5.52 to 5.54  dn 17      5.1725  H
Mar       35 to 42   +KCH            unch         5.52 to 5.59  dn 17
-
Midday basis for 14 percent protein US 1 Dark Northern Spring Wheat
Basis                                Change     Cash Bids       Change     Futures
Nov       135 to 140 mostly  138 +MNZunch         6.53 to 6.58  dn 11      5.1825  Z
Dec       135 to 154 +MNZ            unch         6.53 to 6.72  dn 11
Jan       125 to 151 +MNZ            unch         6.43 to 6.69  dn 11
Feb       125 to 157 +MNH            unch         6.59 to 6.91  dn 11      5.3375  H
Mar       125 to 162 +MNH            unch         6.59 to 6.96  dn 11
-
***Midday basis for 14 percent protein ***GUARANTEED*** US 1 Dark Northern Spring Wheat***
Basis                                Change     Cash Bids       Change     Futures
Nov       145 to 155 mostly  150 +MNZunch         6.63 to 6.73  dn 11      5.1825  Z
Dec       145 to 160 +MNZ            unch         6.63 to 6.78  dn 11
Jan       135 to 155 +MNH            unch         6.69 to 6.89  dn 11      5.3375  H
Feb       135 to 160 +MNH            unch         6.69 to 6.94  dn 11
Mar       135 to 165 +MNH            unch         6.69 to 6.99  dn 11

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
          Martha Hansen              (503) 326-2237
          www.ams.usda.gov/mnreports/JO_GR111.txt

11:59     mh
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