Portland Grain Review 10/22

October 22, 2015 Portland Price Trends 10-01-14 01-01-15 09-01-15 10-15-15 10-22-15 #1 SWW (bu) 6.60 6.97 5.70 5.56 5.60 White Club 9.50 9.47 6.45 7.36 7.40 DNS 14% 8.81 8.27 6.36 6.59 6.58 HRW 11.5% 7.18 7.31 5.88 6.00 5.90 #2 Corn (ton) 174.00 195.00 161.00 160.00 160.00 #2 Barley 150.00 170.00 160.00 150.00 150.00 Wheat...West coast wheat markets trailed a bit further from recent highs this week, with basis levels generally holding firm but following a retreat across the futures complex. Both hard red spring and winter wheat markets remain flat bid into December, with white wheat showing carries of 3 cents per month into spring delivery. Japan was in the market this week, covering a total of 3.6 mb from the US for their November and December requirements. Weekly Sales...USDA reported total sales of 13 mb last week, which puts year-to-date sales at 448 mb and 17% behind a year ago. The Philippines was top buyer with 4 mb, mostly white wheat and hard red spring. Sales by class showed hard red spring top seller with 6 mb, followed by soft white with 3 mb and hard red winter with 2 mb. Top buyers year-to-date include unknown, the Philippines, Japan, Mexico and Nigeria. -Norm Ruhoff Contributing Analyst Copyright 2015 DTN/Telvent. All Rights Reserved.