Portland Grain Review 12/19

December 19, 2019 Portland Price Trends 12-01-18 01-01-19 11-01-19 12-12-19 12-19-19 #1 SWW (bu) 6.25 6.15 6.00 6.00 6.03 White Club 6.25 6.15 7.50 7.70 7.73 DNS 14% 6.97 6.59 7.06 6.93 7.11 HRW 11.5% 6.56 6.39 5.96 6.03 6.15 #2 Corn (ton) 170.00 168.00 177.00 173.00 172.00 #2 Barley 140.00 140.00 135.00 140.00 140.00 Wheat...West coast wheat markets saw notable gains in protein wheats over the past week, while soft white moved only slightly higher. Recent demand shows offers are price competitive, keeping white wheat basis on the defensive while hard red spring basis remains firm. Weekly Sales...USDA reported a significant jump in U.S. wheat demand over the past week, as overall sales hit a marketing year high of nearly 32 mb. Year-to-date sales now stand at 655 mb, whihc is 7% ahead of a year ago and on-par with the five-year average pace. Hard red winter was the top seller, marking a high sales mark for the year with 13.6 mb and sets 31% ahead of a year ago and 7% above average. Hard red spring saw 8.6 mb in new commitments and with 184 mb sets 4% behind a year ago and 9% below average. Soft white posted the second best weekly total of the year with 7.2 mb, putting sales at 129 mb which is 10% behind last year but now 1% above the five-year average pace. Top Buyers..The Philippines, Mexico and unknown all registerd as top buyers over the past week, with each booking 4.6 mb. Both Indonesia and Thailand bought 3.5 mb to round-out the toop five for the week. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.