Portland Grain Review 02/25

February 25, 2020 Portland Price Trends 02-01-19 08-01-19 01-01-20 02-18-20 02-25-20 #1 SWW (bu) 6.52 5.90 6.15 6.30 6.15 White Club 6.52 5.90 7.65 7.80 7.65 DNS 14% 6.79 5.98 7.21 7.14 6.93 HRW 11.5% 6.59 5.36 6.26 6.32 6.08 #2 Corn (ton) 169.00 170.00 172.00 174.00 170.00 #2 Barley 140.00 140.00 140.00 140.00 140.00 Wheat...West coast wheat markets were reflective of a retreat across the futures complex in early-week trade, with cash bids marking a lower price level relative to a week ago. Exporters also rolled bids to the May futures and in the process, flattened cash bid structures into May for the protein wheats. Shipments...A marked decline in shipments of hard red winter weighed on total export loadings of U.S. wheat over the past week, coming in 18% below last week at 15.1 mb. Year-to-date shipments now stand at 666 mb, which is 10% above mid-February of last year. Top shipper for the week was hard red spring with 5.9 mb, followed by soft white with 4.8 mb. Top destinations off the west coast were Japan with 3.2 mb, Sri Lanka at 2.5 mb, the Philippines with 2.4 mb and Bangladesh at 2.1 mb. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.