Portland Grain Review 11/29

November 29, 2018 Portland Price Trends 11-01-17 01-01-18 10-01-18 11-22-18 11-29-18 #1 SWW (bu) 5.23 5.32 6.15 6.18 6.20 White Club 5.28 5.32 6.15 6.18 6.20 DNS 14% 7.49 7.52 6.67 6.82 6.85 HRW 11.5% 5.60 5.60 6.36 6.28 6.42 #2 Corn (ton) 145.00 157.00 157.00 162.00 162.00 #2 Barley 125.00 128.00 140.00 140.00 140.00 Wheat...Firming basis levels were the story for west coast markets, as hard red winter saw a 15 cent spike this week and white wheat moved almost a dime higher. Dark northern spring basis also added a nickel. Cash bids all settled higher for the week, most notably hard red winter. Weekly Sales...USDA reported a slight improvement in export demand for U.S. wheat, but the 13.9 mb weekly total came in 24% behind the four-week average. Year-to-date export commitments now stand at 547 mb; 12% behind a year ago and 16% behind the five-year average pace. Top seller for the week was hard red winter at 5.5 mb, putting sales at 158 mb and 36% below a year ago. Hard red spring booked another 5 mb and with 177 mb is running 4% ahead of a year ago and 2% behind average. Soft white registered 3 mb, putting sales at 132 mb; 7% behind last year but 16% ahead of average. Top Buyers...Peru was the top buyer for the week with a 2.9 mb purchase of hard red spring. Nigeria and Mexico booked 2.8 mb each, the Philippines bought 2.2 mb and Japan secured another 2 mb. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.