Portland Grain Review 03/17
17 Mar 2020
March 17, 2020 Portland Price Trends 03-01-19 08-01-19 02-01-20 03-10-20 03-17-20 #1 SWW (bu) 6.10 5.90 6.25 5.95 5.80 White Club 6.10 5.90 7.75 7.45 7.30 DNS 14% 6.68 5.98 7.08 6.94 6.91 HRW 11.5% 6.00 5.36 6.17 5.92 5.81 #2 Corn (ton) 180.00 170.00 175.00 172.00 160.00 #2 Barley 140.00 140.00 140.00 135.00 135.00 Wheat...Early-week trade in the west coast wheat markets showed basis levels holding mostly steady in old crop positions, leaving cash prices to trail lower with futures. Exporter bid structures remain flat with limited carry into the next two months. All three primary wheat markets are currently trading about 40 cents off the marketing year highs. Shipments...Weekly export inspections showed U.S. wheat loadings were in-line with the prior week at 16.5 mb, which places total shipments at 724 mb and 10% ahead of a year ago. Top shipper over the past week was was hard red spring with 6 mb, followed by hard red winter with 4.6 mb. White wheat registered 2.2 mb. Top destinations off the PNW ports were the Philippines with 2.4 mb, Japan with 2.1 mb and Indonesia 1.8 mb. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.