Portland Grain Review 12/29

December 29, 2015 Portland Price Trends 12-01-14 01-01-15 11-01-15 12-22-15 12-29-15 #1 SWW (bu) 7.29 6.97 5.75 5.37 5.43 White Club 9.99 9.47 7.55 7.62 6.68 DNS 14% 10.17 8.27 6.70 6.23 6.22 HRW 11.5% 7.77 7.31 6.02 5.65 5.68 #2 Corn (ton) 190.00 195.00 163.00 160.00 150.00 #2 Barley 160.00 170.00 150.00 150.00 159.00 Wheat...Other than a limited amount of year-end farmer selling, market activity remained relatively quiet on the west coast with prices ticking slightly higher against futures markets today. Export bid structures had a slight carry posted for white wheat beyond January, while bids remained flat for hard red winter and hard red spring. Shipments..Weekly export inspections showed a good week of loading off the west cost for soft white wheat, coming in at nearly 5 mb. Included in the list of destinations were Indonesia and Bangladesh, along with usual Pacific Rim buyers. Overall wheat shipments totaled 11.2 mb to put year- to-date shipments at 432 mb and 13% behind a year ago. Hard red winter shipped 3.2 mb last week and hard red spring accounted for 2.5 mb. Price Moves....A look back over the past ten years shows white wheat moved higher between January 1 and April 1 five of the ten years, with 1 year unchanged. Average gain for the 5 up-years was 55 cents, while the average loss was 32 cents over the 4 years prices declined. -Norm Ruhoff Contributing Analyst Copyright 2015 DTN/Telvent. All Rights Reserved.