Portland Grain Review 02/25

February 25, 2025 Portland Price Trends 01-01-24 08-01-24 01-01-25 02-18-25 02-25-25 #1 SWW (bus) 6.65 5.65 5.90 6.30 6.10 White Club 7.15 5.65 6.05 6.45 6.25 DNS 14% 8.03 6.58 6.71 7.08 6.95 HRW 11.5% 6.97 6.04 6.33 6.77 6.45 #2 Corn (ton) 232.00 199.00 224.00 236.00 230.00 #2 Barley 180.00 150.00 150.00 150.00 150.00 Wheat...West coast cash wheat bids continued to drift lower in tandem with declines across the futures complex in early week trade. Spot basis for all the wheats also remained defensive, with white wheat slipping to 24 over Chicago, hard red winter dropping another dime to 40 over the KC futures and dark northern spring also off a dime at 65 over Minneapolis. Bid structures also show carries posted in the cash markets. Shipments...Weekly export inspections showed a modest uptick in wheat shipments last week, coming in at 13.7 million bushels to put year-to-date totals at 559 million bushels, which is 21% ahead of the same period for a year ago. Hard red spring was top shipper with 4 million bushels, hard red winter registered 2.6 million and white wheat moved 2.2 million. West coast exporters loaded nearly 6 million bushels of wheat, going mostly to South Korea, along with 11 million bushels of corn going to South Korea and Japan. - Norm Ruhoff Contributing Analyst Copyright 2025 DTN/Telvent. All Rights Reserved.