Portland Grain Review 11/07

November 7, 2019 Portland Price Trends 11-01-18 01-01-19 10-01-19 10-31-19 11-07-19 #1 SWW (bu) 6.22 6.15 5.90 6.00 6.00 White Club 6.22 6.15 5.90 7.50 7.70 DNS 14% 6.92 6.59 6.58 6.99 6.94 HRW 11.5% 6.51 6.39 5.61 5.90 5.96 #2 Corn (ton) 159.00 168.00 173.00 177.00 175.00 #2 Barley 140.00 140.00 150.00 135.00 135.00 Wheat...West coast wheat prices drifted a bit lower week-to-week in in tandem with the futures complex. White wheat continues to tread at the $6 mark and premiums have been building on club wheat; closing the week at $1.70 over soft white. Shipments...Weekly export sales showed U.S. wheat sales came in 27% below the prior week and below the four-week average at 13.2 mb. Total commitments stand at 549 mb, which is 9% ahead of a year ago but down 2% from the five-year average pace. Top seller for the week was hard red wpring wheat with 4.4 mb to put sales at 151 mb; down 7% from last year and 12% behind average. Hard red winter registered 3.3 mb to put sales at 201 mb, which stands 39% ahead of a year ago and 6% above the five-year average. Soft white booked 2.4 mb and with 105 mb in sales, sets 14% below a year ago and 5% below average. Top Buyers...The Philippines was top buyer for the week with 2.2 mb, followed by Thailand with 1.6 mb. Both Unknown and Mexico came in with 1.5 mb and Taiwan booked 1.4 mb. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.