Portland Grain Review 12/13

December 13, 2016 Portland Price Trends 12-01-15 01-01-16 11-01-16 12-06-16 12-13-16 #1 SWW (bu) 5.40 5.35 4.75 4.68 4.70 White Club 6.65 6.60 5.00 4.83 4.85 DNS 14% 5.69 6.17 6.34 6.49 6.53 HRW 11.5% 6.52 5.60 5.04 4.90 5.00 #2 Corn (ton) 159.00 154.00 145.00 154.00 158.00 #2 Barley 150.00 150.00 115.00 115.00 115.00 Wheat...West coast wheat markets remained mostly flat as the week got underway, with white wheat basis somewhat defensive. Trading activity was termed light, with minimal farmer participation at current prices levels. A frigid arctic front is moving into the Pacific Northwest this week with most areas benefiting from a good layer of snow from the past week. Shipments..Weekly export inspections showed a total of 16.2 mb of U.S. wheat loaded off all ports last week, putting year-to-date shipments at 518 mb and 29% ahead of a year ago. Top shipper was hard red winter with 7.6 mb, followed by hard red spring with 3.4 mb and soft white at 2.6 mb. Top destinations off the west coast were Thailand with 2.1 mb, Indonesia and Venezuela with 1.2 mb each. -Norm Ruhoff Extension Economist University of Idaho CALS-AERS Copyright 2016 DTN/Telvent. All Rights Reserved.