Portland Grain Review 12/05

December 5, 2024 Portland Price Trends 12-01-23 01-01-24 11-01-24 11-28-24 12-05-24 #1 SWW (bus) 6.80 6.65 6.00 5.95 5.95 White Club 7.30 7.15 6.15 6.10 6.10 DNS 14% 8.12 8.03 6.75 6.66 6.73 HRW 11.5% 7.02 6.97 6.42 6.19 6.27 #2 Corn (ton) 228.00 232.00 209.00 210.00 211.00 #2 Barley 180.00 180.00 150.00 150.00 150.00 Wheat...It was mostly a sideways week for west coast wheat prices, as bids gained some footing from higher futures markets on Thursday. White wheat prices continue to hover within a dime of the $6 mark, supported by another week of good buying out of South Korea. Weekly Sales...USDA reported wheat export demand came in near the prior week at 13.9 mbus, placing year-to-date commitments at 571 mbus which is 23% ahead of a year ago and 3% above the five-year average pace. Hard red winter was top seller with 4.6 mbus and with 133 mbus in sales is setting 51% ahead of a year ago but 25% below average. White wheat garnered 3.7 mbus for the week, putting commitments at 151 mbus which is 53% ahead of a year ago and 24% above average. Soft red winter booked 3.5 mbus to place sales at 91 mbus, down 15% from a year ago but 17% above average. Hard red spring saw 2.2 mbus in new business and with 185 mbus in the books, sets 16% ahead of a year ago and 14% above average. Top Buyers...Mexico claimed top buyer honors last week with 5.6 mbus of mostly hard red winter, South Korea bought 5 mbus of mostly soft white and Unknown booked 2 mbus of soft red winter. Venezuela and Algeria rounded-out the top five iwth 1.2 mbus and 1 mbus, respectively. - Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.