Portland Grain Review 09/07

September 7, 2021 Portland Price Trends 09-01-20 01-01-20 08-01-21 08-31-21 09-07-21 #1 SWW (bu) 5.35 6.65 9.25 10.85 10.85 White Club 5.70 6.65 10.75 12.60 12.85 DNS 14% 6.51 7.14 10.33 10.45 10.41 HRW 11.5% 6.20 7.38 8.33 8.50 8.79 #2 Corn (ton) 163.00 211.00 246.00 254.00 245.00 #2 Barley 130.00 145.00 200.00 200.00 240.00 Wheat...West coast white wheat markets came out of the long weekend holding steady with last week, with club wheat premiums making another move higher to $2.00 over white wheat. Hard red winter was also moving higher, as nearby basis levels strengthened a dime to 160 over. White wheat basis at 360 over Chicago sets at five times the ten-year average, hard red winter basis at 160 over sets 60 cents above average and hard red spring basis of 135 over is a dime above average. Shipments...Weekly export inspections remain relatively subdued with U.S. wheat shipments coming in just slightly above a week ago at 14 mb. Year-to-date shipments are now at 238 mb, which is running 13% behind a last year at this time. Top shipper for the week was hard red winter at 6.9 mb, followed by hard red spring with 3.6 mb and white wheat at 2.7 mb. The Philippines was the top destination off the west coast, taking 2.3 mb, followed by Taiwan with 2.1 mb and El Salvador with 1.7 mb. -Norm Ruhoff Contributing Analyst Copyright 2021 DTN/Telvent. All Rights Reserved.