Portland Grain Review 11/05

November 5, 2020 Portland Price Trends 11-01-19 01-01-20 10-01-20 10-29-20 11-05-20 #1 SWW (bu) 6.00 6.15 5.70 6.05 6.05 White Club 7.50 7.65 6.05 6.40 6.40 DNS 14% 7.06 7.21 6.53 6.72 6.80 HRW 11.5% 5.96 6.26 6.46 6.77 6.98 #2 Corn (ton) 177.00 172.00 168.00 169.00 170.00 #2 Barley 135.00 140.00 130.00 135.00 135.00 Wheat...West coast white wheat markets continue to attract a steady stream of global buying interest; just what is needed to offset a large inventory from a high yielding crop this year. Export sales to date set at 148 mb, the best total for late October going back 30 years. Weekly Sales...USDA reported another relatively solid week of export demand for U.S. as the tally came in 10% ahead of the four-week moving average at21.9 mb. Year-to-date sales now stand at 594 mb, which is 12% ahead of both last year and the five-year average pace. Top seller was hard red winter with 7.3 mb and with 225 mb in commitments, is now 12% ahead of a year ago and 16% above average. White wheat had another good week with 6.5 mb in sales and with 225 mb is 41% ahead of a year ago and 32% ahead of average. Hard red spring registered 6 mb for the week which puts sales at 174 mb; 15% ahead of last year and 5% above average. Top Buyers...Top U.S. wheat buyer last week was classified as unknown with 5 mb, followed by Taiwan and South Korea with more than 3 mb each, the Philippines with 2.2 mb and Colombia with 1.8 mb. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.