Portland Grain Review 01/09

January 9, 2024 Portland Price Trends 01-01-23 08-01-23 12-01-23 01-02-24 01-09-24 #1 SWW (bu) 8.55 7.05 6.85 6.65 6.45 White Club 9.00 7.30 7.35 7.15 6.95 DNS 14% 10.14 9.05 7.94 8.01 7.94 HRW 11.5% 10.02 8.24 6.90 6.91 6.89 #2 Corn (ton) 302.00 254.00 238.00 229.00 223.00 #2 Barley 250.00 210.00 180.00 180.00 180.00 Wheat...A modest rebound across the futures complex gave west coast wheat prices some footing on Tuesday, with hard red winter and hard red spring bids fully reflecting the uptick. Nearby white wheat bids held at the $6.45 mark for the third straight day. An arctic front is working its way into the Pacific Northwest this weekend, with most areas holding some snow cover and expecting more before the weekend. Shipments..Relative to recent performance, weekly export inspections showed a much improved pace for wheat loadings off U.S. ports over the past week. Shipments of 18 mb moved the year-to-date total to 372 mb and 16% behind a year ago. White wheat was the top shipper with 5.7 mb, hard red spring registered 5 mb and hard red winter recorded 4.6 mb. The PNW ports were active last week, reporting China taking 8.7 mb of wheat and 9.7 mb of soybeans. Other movement included 3.1 mb for the Philippines, and 3.1 mb going to Bangladesh. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.