Portland Grain Review 03/06

March 6, 2025 Portland Price Trends 02-01-24 08-01-24 02-01-25 02-27-25 03-06-25 #1 SWW (bus) 6.40 5.65 6.05 6.05 6.15 White Club 6.90 5.65 6.20 6.20 6.30 DNS 14% 7.81 6.58 6.91 6.70 6.61 HRW 11.5% 6.81 6.04 6.51 6.25 6.09 #2 Corn (ton) 225.00 199.00 228.00 230.00 226.00 #2 Barley 150.00 150.00 150.00 170.00 170.00 Wheat...West coast white wheat markets fared relatively well amidst the roller coast performance across the futures complex this week. Spot basis levels adjusted throughout the week with cash bids closing higher relative to a week ago. Hard red winter basis remains somewhat defensive, but USDA showed price levels were attracting export demand over the past week. Weekly Sales...USDA reported a modest improvement in export demand for U.S. wheat last week, but sales of 12.4 million bushels came in about 25% below the four-week average. Total commitments stand at 746 million bushels which is 12% ahead of a year ago and 1% above the five-year average pace. Hard red winter claimed a rare top seller honor for the marketing year with 5 million bushels in new sales, putting commitments at 182 million bushels which sets 51% ahead of a year ago but 22% below average. Hard red spring wheat garnered 3.8 million bushels and with 239 million on the books, sets about 8% ahead of both a year ago and average pace. Soft red winter booked 2.8 million bushels, placing sales at 113 million bushels which stands 33% below a year ago but 10% above average. White wheat sales slipped below a million bushels, putting commitments at 200 million bushels which is 46% ahead of a year ago and 23% above average. - Norm Ruhoff Contributing Analyst Copyright 2025 DTN/Telvent. All Rights Reserved.