Portland Grain Review 12/06

December 6, 2016 Portland Price Trends 12-01-15 01-01-16 11-01-16 11-29-16 12-06-16 #1 SWW (bu) 5.40 5.35 4.75 4.66 4.68 White Club 6.65 6.60 5.00 4.81 4.83 DNS 14% 5.69 6.17 6.34 6.49 6.49 HRW 11.5% 6.52 5.60 5.04 5.03 4.90 #2 Corn (ton) 159.00 154.00 145.00 150.00 154.00 #2 Barley 150.00 150.00 115.00 115.00 115.00 Wheat..West coast wheat markets remained relatively quiet as the week got underway, with current price levels finding very limited farm selling interest. Trade focus has remained primarily on logistics, with Portland exporters making a final push to get barges downriver before an extended maintenance closure of the river systems begins next week. Many areas of the Pacific Northwest received a covering of snow over the past few days, welcomed ahead of an extended forecast of colder temperatures. Shipments...Weekly export inspections showed a solid improvement for U.S. wheat loadings over the past week, coming in at 16.6 mb to put the current year toal at 498 mb and 29% ahead of a year ago. Top shipper was hard red winter wheat with 5.5 mb, followed by hard red spring with 5.3 mb. Soft white registered a total of 3 mb and soft red winter claimed a total of 2.7 mb. Japan was top destination off the west coast with 2.4 mb. China and Chile each took on 1.6 mb and South Korea loaded 1.2 mb. -Norm Ruhoff Extension Economist University of Idaho CALS-AERS Copyright 2016 DTN/Telvent. All Rights Reserved.