Portland Grain Review 02/21

February 21, 2017 Portland Price Trends 02-01-16 08-01-16 01-02-17 02-14-17 02-21-17 #1 SWW (bu) 5.30 4.95 4.53 4.82 4.82 White Club 6.55 4.95 4.68 4.97 4.97 DNS 14% 6.20 6.03 6.58 7.03 6.89 HRW 11.5% 5.62 5.10 5.03 5.53 5.44 #2 Corn (ton) 162.00 158.00 159.00 171.00 175.00 #2 Barley 145.00 135.00 115.00 115.00 115.00 Wheat...West coast wheat markets came out of the extended weekend with bids holding mostly steady, following modest gains across futures. Export bid structures remain flat across all the wheat markets, indicating needs for nearby wheat movement to address recent logistical challenges. Slower rail movement over the past month due to inclement weather was compounded by the current extended closue of the river system. Shipments...Weekly export inspections showed a dramatic improvement in U.S. wheat loadings over the past week, driven primarily by a rebound for west coast port activity from a recent backlog. Total U.S. wheat loadings came in at 20.5 mb to put year-to-date shipments 675 mb and 27% ahead of a year ago. Registering as top shipper for the week was hard red spring with 5.9 mb, followed by white wheat with nearly 5 mb and hard red winter with 4.7 mb. Top destination off the west coast was Japan with 3.5 mb, followed by the Philippines with 2.7 mb, Sri Lanka with 2.4 mb and South Korea with 2.3 mb. -Norm Ruhoff Contributing Analyst Copyright 2017 DTN/Telvent. All Rights Reserved.