Portland Grain Review 10/03

October 3, 2019 Portland Price Trends 10-01-18 01-01-19 09-01-19 09-26-19 10-03-19 #1 SWW (bu) 6.15 6.15 5.70 5.92 5.97 White Club 6.15 6.15 5.70 5.92 5.97 DNS 14% 6.67 6.59 5.67 6.69 6.52 HRW 11.5% 6.36 6.39 5.20 5.58 5.54 #2 Corn (ton) 157.00 168.00 162.00 170.00 172.00 #2 Barley 140.00 140.00 140.00 150.00 150.00 Wheat...The mid-week retreat across the futures complex pressured the west coast wheat bids, pulling protein wheat prices off the recent high- water mark. Basis levels for all wheats continue to firm, most notably in the red spring wheat market. Weekly Sales...USDA reported a modest increase in overall export sales for U.S. wheat last week, coming in slightly below the four-week average at 12.1 mb. Year-to-date sales now stand at 474 mb; 14% ahead of a year ago but 1% behind the five-year average pace. Top sellers were hard red winter and spring wheat with 4.7 mb each. Hard red winter sales of 179 mb stand 48% ahead of a year ago while red spring sales of 130 mb are 5% ahead of a year ago but 10% behind average. Soft red winter saw 2.7 mb booked and white wheat sales were at 2.4 mb. Soft white commitments are runing 19% behind a year ago and 9% below the five-year average pace. Top Buyers..The Philippines and Japan were at the top end of the list of buyers, booking just over 2 mb each. Brazil bought 1.6 mb, Thailand and Nigeria both secured 1.5 mb. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.