Portland Grain Review 01/06

January 6, 2020 Portland Price Trends 01-01-19 08-01-19 12-01-19 12-31-19 01-06-20 #1 SWW (bu) 6.15 5.90 5.95 6.15 6.12 White Club 6.15 5.90 7.75 7.65 7.02 DNS 14% 6.59 5.98 6.80 7.21 7.08 HRW 11.5% 6.39 5.36 5.99 6.26 6.17 #2 Corn (ton) 168.00 170.00 170.00 172.00 173.00 #2 Barley 140.00 140.00 135.00 140.00 140.00 Wheat...West coast wheat markets lingered through the holiday week as weakening basis levels and post-holiday retreat in futures weighed on the cash bids. Hard red winter basis levels stair-stepped lower against the higher move in futures last week and currently sets 20 cents lower than two weeks ago. Hard red spring basis also slipped a dime, while basis on soft white remains at its lowest point in over a year. Shipments...Weekly export inspections showed a subdued pace of export loading for U.S. wheat over the holiday week, coming in at 12.3 mb to put year-to-date shipmentst at 545 mb and 18% ahead of a year ago. Hard red winter was the top mover for the week with 9.1 mb, followed by red spring with 5 mb and soft white at 1.9 mb. The Philippines and Malaysia were the primary destination for PNW loadings. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.