Portland Grain Review 01/23

January 23, 2024 Portland Price Trends 01-01-23 08-01-23 12-01-23 01-16-24 01-23-24 #1 SWW (bu) 8.55 7.05 6.85 6.35 6.45 White Club 9.00 7.30 7.35 6.85 6.95 DNS 14% 10.14 9.05 7.94 7.76 7.84 HRW 11.5% 10.02 8.24 6.90 6.61 6.77 #2 Corn (ton) 302.00 254.00 238.00 221.00 225.00 #2 Barley 250.00 210.00 180.00 180.00 180.00 Wheat...Early week trade on the west coast markets showed soft white wheat bids holding steady, while hard red winter and spring wheat bids reflected recent gains in the underlying futures. Warmer weather has returned to the Pacific Northwest after the arctic front last week, and taken away a good share of the recent snow cover. Shipments...Weekly export inspections showed a modest uptick in U.S. wheat loadings last week, but the pace remains near the low end of the historical ranges. Shipments of 11.5 mb places U.S. wheat loadings at 394 mb, which stands 16% below a year ago. Soft red winter was the top mover with 4.6 mb, soft white wheat recorded 3.6 mb and hard red winter saw 1.8 mb moved. Top destinations off the west coast were Indonesia and China, with nearly 10 mb of soybeans also loaded for China. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.