News & Resources

Portland Grain Review 01/16

16 Jan 2025
January 16, 2025 Portland Price Trends 01-01-24 08-01-24 12-01-24 01-09-25 01-16-25 #1 SWW (bus) 6.65 5.65 5.95 5.90 5.90 White Club 7.15 5.65 6.10 6.05 6.05 DNS 14% 8.03 6.58 6.67 6.68 6.57 HRW 11.5% 6.97 6.04 6.16 6.36 6.24 #2 Corn (ton) 232.00 199.00 212.00 222.00 231.00 #2 Barley 180.00 150.00 150.00 150.00 150.00 Wheat...West coast white wheat markets traded within a nickel range this week, with exporters holding bids on a mostly sideways trek as that price is attracting demand. South Korea booked another 4.8 million bushels of white wheat and with 72 million bushels in purchases is setting 30 million bushels above last year's total. Exporter bid structures remain flat for all classes of wheat, as both hard red winter and dark northern spring bids are leveled out from January through May. Weekly Sales...USDA reported a nice rebound in U.S. wheat export demand over the past week, coming in near the top end of the marketing year range at 18.9 million bushels. Commitments now stand at 644 million bushels, up 14% from a year ago and right in-line with the 5-year average pace. White wheat sales led the charge, coming in at 8.7 million bushels to put current year sales at 176 million bushels, which stands 57% better than a year ago and 25% above average. Hard red spring also saw an improved week of demand with 6.2 million bushels in sales, placing commitments at 211 million bushels which is 15% ahead of a year ago and 12% above average. Hard red winter saw 2 million bushels in new sales and with 150 million bushels in commitments, sets 52% ahead of a year ago but 26% below average. - Norm Ruhoff Contributing Analyst Copyright 2025 DTN/Telvent. All Rights Reserved.