Portland Grain Review 03/03
3 Mar 2020
March 3, 2020 Portland Price Trends 03-01-19 08-01-19 02-01-20 02-25-20 03-03-20 #1 SWW (bu) 6.10 5.90 6.25 6.15 5.95 White Club 6.10 5.90 7.75 7.65 7.45 DNS 14% 6.68 5.98 7.08 6.93 6.97 HRW 11.5% 6.00 5.36 6.17 6.08 6.08 #2 Corn (ton) 180.00 170.00 175.00 170.00 170.00 #2 Barley 140.00 140.00 140.00 140.00 140.00 Wheat...Mostly steady basis levels and moderating futures helped to provide a slightly higher west coast wheat market in early-week trade. Nearby basis on protein wheats remained steadfast over the past week, while front month bids in white wheat showed basis somewhat defensive. Shipments...Weekly export inspections showed a solid rebound in the pace of export loadings for U.S. over the past week. Total shipments of 24 mb were 50% above the prior week and put the year-to-date tally at 692 mb, which is 11% ahead of a year ago. Top shipper was hard red winter with 10.4 mb, followed by hard red spring with 6.4 mb and white wheat with 4.4 mb. Top destinations off west coast ports were Thailand with 4.2 mb, followed by Indonesia and the Philippines taking 2.8 mb each and South Korea with 2.4 mb. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.