Portland Grain Review 12/18

December 18, 2018 Portland Price Trends 12-01-17 01-01-18 11-01-18 12-11-18 12-18-18 #1 SWW (bu) 5.22 5.32 6.22 6.15 6.28 White Club 5.27 5.32 6.22 6.15 6.28 DNS 14% 7.61 7.52 6.92 6.90 6.94 HRW 11.5% 5.72 5.60 6.51 6.53 6.68 #2 Corn (ton) 153.00 157.00 159.00 172.00 170.00 #2 Barley 125.00 128.00 140.00 140.00 140.00 Wheat...An early-week spike in Chicago futures was enough to move the west coast soft white wheat market to a marketing year high, as spot bids broke through to $6.28; the best close since July of 2015. Basis levels remained a bit defensive for white wheat while spreads held steady on the hard red winter and dark northern spring wheats. Cash bids are also flat through March for dark northern spring as exporters work the front side of the market to cover recent demand. Shipments...Weekly export inpsections showed a solid week of movement of U.S wheat last week, coming in at 25 mb to put the year-to-date total at 430 mb and 15% behind a year ago. Top shipper was hard red winter at 9.2 mb, followed by hard red spring with 7.4 mb. Soft white shipped 3.7 mb and soft red winter registered 3.2 mb. Top destinations off the west coast included Taiwan with 3 mb, Japan at 2.9 mb, the Philippines at 2.4 mb and Bangladesh with 2.2 mb. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.