Portland Grain Review 02/13

February 13 2018 Portland Price Trends 02-01-17 08-01-17 01-01-18 02-06-18 02-13-18 #1 SWW (bu) 4.68 5.20 5.25 5.45 5.55 White Club 4.83 5.30 5.25 5.45 5.55 DNS 14% 6.89 8.38 7.52 7.38 7.34 HRW 11.5% 5.28 5.65 5.60 6.17 6.33 #2 Corn (ton) 169.00 148.00 157.00 162.00 166.00 #2 Barley 115.00 125.00 128.00 140.00 140.00 Wheat...Rebounding wheat futures and firm basis levels moved bids for soft white wheat toward the upper end of marketing year trading ranges in early week trade. Exporter bids show all markets mostly flat into April, with the exception of the dark northern spring market; showing a 12 cent carry from March to April. Nearby basis levels continue to hold at near double the ten-year average for white wheat and hard red winter. Shipments...USDA showed the gap in U.S. wheat shipments continuing to narrow relative to a year ago, as nearly 18 mb in loadings over the past week put total movement at 629 mb and 4% behind a year ago. Top shipper for the week was hard red winter with 8.5 mb, followed by red spring at 4.9 mb and soft white with 2 mb. Notables on destinations off the west coast were Japan with 3.6 mb, China at 2.3 mb and South Korea at 1.5 mb. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.