Portland Grain Review 02/20

February 20, 2024 Portland Price Trends 02-01-23 08-01-23 01-01-24 02-13-24 02-20-24 #1 SWW (bu) 8.40 7.05 6.65 6.35 6.20 White Club 8.55 7.30 7.15 6.85 6.45 DNS 14% 10.02 9.05 8.03 7.58 7.48 HRW 11.5% 10.03 8.24 6.97 6.53 6.45 #2 Corn (ton) 296.00 254.00 232.00 219.00 218.00 #2 Barley 250.00 210.00 180.00 180.00 180.00 Wheat...West coast wheat markets came out of the extended weekend on a more positive note, finding support from a stronger futures complex. Old crop to new crop spreads also widened a bit for white wheat, as the nearby bid stands at a 15 cent premium to new crop. Hard red winter also has old crop posted at a 15 cent premium to August new crop, while hard red spring shows nearby bids at a 10 cent premium to August bids. Shipments...Weekly export inspections showed another decent week for wheat movement off U.S. ports, coming in at 14 mb to put the year-to-date total at 444 mb and 17% behind a year ago. Soft white wheat was the top mover with 3.6 mb, followed by hard red spring with 3.1 mb and hard red winter with 2.4 mb. West coast loading activity showed the Philippines and Japan taking on a total of 5.7 mb of wheat, with 7.4 mb of soybeans loaded for China and 7.7 mb of corn shipped to Colombia and Japan. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.