Portland Grain Review 04/13

April 13, 2017 Portland Price Trends 04-01-16 08-01-16 03-01-17 04-06-17 04-13-17 #1 SWW (bu) 5.14 4.95 4.90 4.75 4.80 White Club 5.34 4.95 5.05 4.90 4.95 DNS 14% 6.24 6.03 6.96 6.56 6.65 HRW 11.5% 5.52 5.10 5.47 4.96 5.02 #2 Corn (ton) 153.00 158.00 175.00 157.00 161.00 #2 Barley 140.00 135.00 118.00 120.00 125.00 Wheat...West coast wheat markets settled into the extended weekend with bids holding recent modest gains. Trade remains generally quiet as farmer attention has shifted to spring field work as weather allows. An unusually wet spring across the Pacific Northwest has plantings running about a week or more behind the average pace. Weekly Sales...USDA reported U.S. wheat demand declined from the prior two weeks, coming in right at the four-week average. Weekly sales of 15.5 mb put year-to-date commitments at 1 billion bushels which is 41% ahead of a year ago and 8% above the five-year average pace for early April. Hard red winter was top seller with 7.6 mb, placing total sales at 414 mb which is more than double a year ago and 28% above average. Hard red spring saw 4.1 mb in new demand, putting current year commitments at 308 mb which is 31% above last year and 27% ahead of average. Soft white sales came in at 1.9 mb for a year-to-date total of 172 mb that stands 28% ahead of a year ago and 5% above average. Top Buyers...China was notable as the top buyer last week, securing a total of 4.1 mb of both soft white and red spring wheat. Nigeria bought 3.6 mb of hard red winter, followed by Japan with 2.4 mb, Sudan with 2 mb of hard red winter and Chile with 1.2 mb of hard red winter and springs. -Norm Ruhoff Contributing Analyst Copyright 2017 DTN/Telvent. All Rights Reserved.