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Portland Grain Review 02/23

23 Feb 2021
February 23, 2021 Portland Price Trends 02-01-20 08-01-20 01-01-21 02-16-21 02-23-21 #1 SWW (bu) 6.25 5.60 6.65 7.40 7.50 White Club 7.75 6.00 6.90 7.40 7.50 DNS 14% 7.08 6.21 7.14 7.36 7.71 HRW 11.5% 6.17 5.71 7.38 7.63 7.47 #2 Corn (ton) 175.00 151.00 211.00 220.00 225.00 #2 Barley 140.00 130.00 145.00 160.00 160.00 Wheat..Another week and yet another new high in west coast white wheat prices, as bids briefly moved about the $7.50 level on Monday. Sustained export interest is holding exporter buying interest on the front side of the market. New crop August white wheat bids are posted at a discount to old crop, but nearing the $6.75 level. Weekly Shipments...Weekly export inspections showed a subdued pace of overall wheat shipments last week, as weather impacted movement over some parts of the country. Total shipments came in at 11.9 mb compared to 15.4 mb the prior week, placing year-to-date totals at 652 mb and 2% behind a year ago. Top shipper was white wheat with 6.2 mb, followed by hard red winter at 2.9 mb and hard red spring with under a million bushels. China was the top destination off west coast ports with 2.5 mb, Peru took 1.8 mb and Chile accounted for 1.2 mb. -Norm Ruhoff Contributing Analyst Copyright 2021 DTN/Telvent. All Rights Reserved.