Portland Grain Review 10/09

October 9, 2018 Portland Price Trends 10-01-17 01-01-18 09-01-18 10-02-18 10-09-18 #1 SWW (bu) 5.35 5.32 6.05 6.15 6.18 White Club 5.40 5.32 6.05 6.15 6.18 DNS 14% 7.41 7.52 6.84 6.82 6.93 HRW 11.5% 5.79 5.60 6.53 6.38 6.44 #2 Corn (ton) 141.00 157.00 156.00 157.00 159.00 #2 Barley 125.00 128.00 140.00 140.00 140.00 Wheat..West coast white wheat markets remain firm, supported by recent demand and limited farmer marketings. As a result, spot basis levels to Chicago are holding near 100 over, which is nearly triple the average for the past ten years. Hard red winter basis at 125 over is also 40 cents above average while dark northern spring basis is 50 cents under average. Crop Progress..Winter wheat plantings moved forward across the Pacific Northwest last week, most notably in Idaho where another 14% of the crop was put in to reach 67% complete. Oregon is right on track with average at 42% planted and Washington saw another 6% planted over the week, now on pace with average at 75% complete. Shipments...Weekly export inspections showed a modest improvement for wheat shipments off U.S. ports last week, coming in at 15.5 mb to put the current year total at 269 mb and 29% behind a year ago. Top shipper was hard red spring wheat at 5.4 mb, followed by soft white wheat with 5 mb. Hard red winter registered 3.2 mb and soft red winter 1.9 mb. Vietnam was the top destination off the west coast with nearly 3 mb, followed by Indonesia with 2.5 mb. Taiwan rounded-out the top three with 1.9 mb. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.