Portland Grain Review 12/28

December 28, 2018 Portland Price Trends 12-01-17 01-01-18 11-01-18 12-20-18 12-28-18 #1 SWW (bu) 5.22 5.32 6.22 6.22 6.20 White Club 5.27 5.32 6.22 6.22 6.20 DNS 14% 7.61 7.52 6.92 6.53 6.63 HRW 11.5% 5.72 5.60 6.51 6.71 6.46 #2 Corn (ton) 153.00 157.00 159.00 166.00 168.00 #2 Barley 125.00 128.00 140.00 140.00 140.00 Wheat...An appreviated week of typically quite holiday trade found west coast wheat markets generally follow futures markets, with USDA information missing due to the partial government closure. White wheat markets did see basis levels strengthen about a dime over the past week, reflecting export interest, while dark northern spring wheat basis weakened a nickel. Price Performance...A look at average wheat prices from a marketing year standpoint shows Portland white wheat trading higher for the third straight year. Since June 1 of this year soft white has averaged $6.11 per bushel, up 12% from the 2017 marketing year average. Hard red winter is also up, averaging $6.43 year-to-date which is 8% better than 2017. Dark northern spring has averaged $6.83 since the first of the marketing year which is down 11% from the 2017 average. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.