Portland Grain Review 02/18

February 18, 2020 Portland Price Trends 02-01-19 08-01-19 01-01-20 02-11-20 02-18-20 #1 SWW (bu) 6.52 5.90 6.15 6.30 6.30 White Club 6.52 5.90 7.65 7.80 7.80 DNS 14% 6.79 5.98 7.21 7.06 7.14 HRW 11.5% 6.59 5.36 6.26 6.19 6.32 #2 Corn (ton) 169.00 170.00 172.00 175.00 174.00 #2 Barley 140.00 140.00 140.00 140.00 140.00 Wheat...A stronger open across the futures markets pulled west coast wheat markets higher this morning, with basis levels holding steady on the protein wheats. Exporter bid structures show a modest carry in the white and hard red winter markets, while dark northern spring bids are showing a premim for nearby delivery. Shipments...Weekly export inspections showed another relatively good week of U.S. wheat shipments, coming in at 18.4 mb to put year-to-date totals 12% ahead of a year ago at 651 mb. Top shipper for the week was hard red winter with 6.6 mb, followed by hard red spring at 5.9 mb and soft white with 2.4 mb. Top destinations off the west coast included the Philippines, Thailand, Taiwan and Japan; each taking near 2 mb. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.