Portland Grain Review 10/15

October 15, 2019 Portland Price Trends 10-01-18 01-01-19 09-01-19 10-08-19 10-15-19 #1 SWW (bu) 6.15 6.15 5.70 6.05 6.10 White Club 6.15 6.15 5.70 6.45 6.60 DNS 14% 6.67 6.59 5.67 6.78 7.07 HRW 11.5% 6.36 6.39 5.20 5.60 5.76 #2 Corn (ton) 157.00 168.00 162.00 176.00 180.00 #2 Barley 140.00 140.00 140.00 150.00 150.00 Wheat...West coast wheat prices held to the top end of recent trading ranges as the week got underway, with firm basis levels being bolstered by recent demand. Hard red spring wheat broke above the $7 mark for the first time in over a year and soft white is holding above $6. Carries are also being posted for all classes of wheat. Shipments...Weekly export inspections showed another relatively steady week of U.S. wheat loadings, coming in just under 17 mb to put the current year total at 348 mb and 21% ahead of a year ago. Hard red winter was the top shipper at 6.2 mb, followed by hard red spring at 4.9 mb. Soft white also had a relatively strong week at 3.7 mb. Top destinations off the PNW ports were Japan with 3.1 mb, China with 2.3 mb and Indonesia with 1.9 mb. Crop Progress...USDA shows winter wheat planting progress lagging the five-year pace for both Idaho and Washington, while Oregon is sets well- above average. Idaho sets 10% behind average with 72% planted, Washington is 5% behind at 79% sown, while Oregon sets 16% above average at 76% in. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.