Portland Grain Review 03/19
8 Dec 2015
December 3, 2015 Portland Price Trends 12-01-14 01-01-15 11-01-15 11-24-15 12-01-15 #1 SWW (bu) 7.29 6.97 5.75 5.50 5.45 White Club 9.99 9.47 7.55 6.75 6.70 DNS 14% 10.17 8.27 6.70 6.49 6.57 HRW 11.5% 7.77 7.31 6.02 5.72 5.76 #2 Corn (ton) 190.00 195.00 163.00 161.00 160.00 #2 Barley 160.00 170.00 150.00 150.00 150.00 Wheat...Sharply higher trade across the futures complex today pulled west coast white wheat bids off of fresh five-year lows posted yesterday, and regained some lost ground for the protein wheat markets. Posted bids show both hard red winter and spring wheat markets bid flat through April with soft white flat through January then reflecting a carry of 3 cents per month into April. Japan was in the market this week, booking a total of 4.6 mb to cover their January-February requirements which included 2.5 mb from the US and 2.1 mb of Canadian spring wheat. Weekly Sales...Weekly export sales, while less than stellar, did show a 29% improvement over last week and were highlighted by a 3.6 mb sale of dark northern spring wheat to China. As a result, spring wheat came in as top seller for the week at 3.9 mb, followed by hard red winter at 3.8 and soft red winter with 3.4 mb. Soft white registered a relatively good week with 3.2 mb. South Korea, unknown, Mexico and the Philippines rounded out the list for the top five buyers last week. -Norm Ruhoff Contributing Analyst Copyright 2015 DTN/Telvent. All Rights Reserved.