Portland Grain Review 03/23

March 23, 2023 Portland Price Trends 03-01-22 08-01-22 01-01-23 03-16-23 03-23-23 #1 SWW (bu) 11.25 9.00 8.55 8.00 7.55 White Club 12.75 9.00 9.05 8.00 7.55 DNS 14% 11.59 10.08 10.19 9.34 9.22 HRW 11.5% 11.83 10.00 10.08 9.60 9.57 #2 Corn (ton) 313.00 279.00 302.00 279.00 278.00 #2 Barley 260.00 235.00 250.00 250.00 240.00 Wheat...Declines across the futures complex were apparent in the cash markets for west coast wheat deliveries this week. The nearby white wheat bids slipped 45 cents from last week. Fresh export demand remains very limited across all wheats, but the white wheat tally did show that China has been a fairly active buyer. Year-to-date Chinese white wheat bookings stand at 27 mb compared to 11 mb a year ago. Weekly Sales...USDA weekly export numbers showed recent price declines did little to stimulate demand, as weekly sales came in below 5 mb for the past week. Year-to-date totals now stand at 656 mb, which is 5% below a year ago and 18% behind the five-year average pace. Top seller was white wheat with 2.2 mb, putting sales at 151 mb which sets 32% ahead of a year ago but 34% below average. Hard red winter garnered just 1.8 mb in sales and with 178 mb in commitments, stands 35% behind a year ago and 12% off the average pace. Hard red spring registered only 200,000 bushels in new business last week. -Norm Ruhoff Contributing Analyst Copyright 2023 DTN/Telvent. All Rights Reserved.