Portland Grain Review 08/29

August 29, 2019 Portland Price Trends 08-01-18 01-01-19 07-01-19 08-22-19 08-29-19 #1 SWW (bu) 6.05 6.15 6.00 5.75 5.75 White Club 6.05 6.15 6.00 5.75 5.75 DNS 14% 7.08 6.59 6.24 5.67 5.62 HRW 11.5% 6.89 6.39 5.59 5.27 5.23 #2 Corn (ton) 160.00 168.00 182.00 162.00 162.00 #2 Barley 140.00 140.00 140.00 140.00 140.00 Wheat..It was generally a sideways week for west coast wheat markets, as white wheat held the $5.75 mark the whole week. Hard red winter also saw stronger basis levels supporting bids while hard red spring drifted to multi-year lows. Farm selling remains limited at current levels. Weekly Sales...USDA reported another solid week of export demand for U.S. wheat, coming in at a marketing-year best of 24.3 mb. This places total sales at 407 mb, up 24% from a year ago and 2% ahead of the 5-year average pace. Top seller was hard red spring with 8.7 mb and with 112 mb in sales stands 12% ahead of a year ago but 7% behind average. Sales of hard red winter came in at 8.3 mb to put the year-to-date commitments at 156 mb; 65% ahead of a year ago and 16% above average. Soft white saw 4.7 mb in new buying, placing sales at 72 mb which is 14% behind a year ago and 9% below average. Top Buyers...South Korea claimed top-buyer honors last week with 3.8 mb, followed by Mexico with 3.3 mb, Unknown at 2.7 mb, Japan at 2.5 mb and Nigeria with 2.4 mb. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.