Portland Grain Review 12/5

December 5, 2023 Portland Price Trends 12-01-22 01-01-23 11-01-23 11-28-23 12-05-23 #1 SWW (bu) 8.80 8.55 6.85 6.75 6.80 White Club 9.30 9.05 7.35 7.25 7.30 DNS 14% 10.10 10.19 7.94 7.89 8.15 HRW 11.5% 10.18 10.08 6.90 6.65 7.13 #2 Corn (ton) 296.00 302.00 238.00 229.00 228.00 #2 Barley 250.00 250.00 180.00 180.00 180.00 Wheat...The rebound across the futures complex has been largely ignored by west coast white wheat exporters, as cash prices held mostly flat early week and nearby basis dropped by half from a week ago. Bids on the protein wheats, however, reflected the gains in the respective futures markets as dark northern spring prices were up 25 cents week on week while hard red winter prices gained nearly 50 cents. A strong coastal front is bringing good moisture to winter wheat production zones in the Pacific Northwest. Shipments...Weekly export inspections showed a markedly slower pace of export movement for U.S. wheat last week, coming in at just 6.8 mb. This places year-to-date shipments 24% behind a year ago at 306 mb. Loadings off the PNW showed a total of 4 mb of primarily hard red spring going to Japan, South Korea and the Philippines. Exporter focus continues to be on corn and soybeans, with China taking on nearly 10 mb of each last week. -Norm Ruhoff Contributing Analyst Copyright 2023 DTN/Telvent. All Rights Reserved.