Portland Grain Review 02/06

February 6, 2018 Portland Price Trends 02-01-17 08-01-17 01-01-18 01-30-18 02-06-18 #1 SWW (bu) 4.68 5.20 5.25 5.50 5.45 White Club 4.83 5.30 5.25 5.50 5.45 DNS 14% 6.89 8.38 7.52 7.46 7.38 HRW 11.5% 5.28 5.65 5.60 6.20 6.17 #2 Corn (ton) 169.00 148.00 157.00 162.00 162.00 #2 Barley 115.00 125.00 128.00 140.00 140.00 Wheat...West coast wheat markets saw white wheat basis levels firming against the decline in Chicago from last week, with flat bids posting a modest rebound today. Bid structures for soft white are mostly flat into new crop, while both hard red winter and red spring show a modest carry beyond March. The export line-up this week shows both Taiwan and Japan in the market, with Japan seeking a total of 3.6 mb from U.S., Canadian and Australian origins. Shipments..Weekly export inspections showed a relatively good week of shipments for U.S. wheat, coming in at 15.7 mb to put year-to-date totals at 611 mb and 5% behind a year ago. Top shipper was hard red winter with 7.5 mb, followed by red spring at 3 mb and soft white with 2.1 mb. Major destination off the west coast was Japan with 4.6 mb. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.