Portland Grain Review 02/28
28 Feb 2019
February 28, 2019 Portland Price Trends 02-01-18 08-01-18 01-01-19 02-21-19 02-28-19 #1 SWW (bu) 5.42 6.05 6.15 6.30 6.15 White Club 5.42 6.05 6.15 6.30 6.15 DNS 14% 7.41 7.08 6.59 6.68 6.71 HRW 11.5% 6.17 6.89 6.39 6.18 6.04 #2 Corn (ton) 161.00 160.00 168.00 181.00 171.00 #2 Barley 140.00 140.00 140.00 140.00 140.00 Wheat..A generally lower week for west coast wheat markets saw prices move slightly higher today for hard red winter and springs on a recovery in the respective futures. Soft white wheat also marked a lower week, despite solid gains in basis levels against Chicago. Weekly Sales...The first official by week export sales report showed overall export demand came in slightly below market expectations. Total sales of 17.5 mb for last week puts total commitments to 807 mb and for the first time this year, 2% ahead of a year ago. Top seller was hard red winter 8.4 mb which stands with 276 mb in commitments which is now 13% behind a year ago. Soft red winter booked 3.8 mb and set 30% above a year ago with 106 mb sold. Hard red spring garnered 2.8 mb and with 288 mb in commitments sets 11% ahead of a year ago. Soft white saw 2.6 mb in new sales and sets 2% ahead of a year ago with 179 mb sold. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.