Portland Grain Review 03/26

March 26, 2024 Portland Price Trends 03-01-23 08-01-23 02-01-24 03-19-24 03-26-24 #1 SWW (bu) 8.10 7.05 6.40 5.55 5.60 White Club 8.10 7.30 6.90 5.55 5.60 DNS 14% 9.48 9.05 7.81 7.49 7.39 HRW 11.5% 9.56 8.24 6.81 6.52 6.48 #2 Corn (ton) 278.00 254.00 226.00 224.00 220.00 #2 Barley 250.00 210.00 180.00 155.00 155.00 Wheat...West coast white wheat markets saw an early-week spike to the $5.70 level, as exporters worked to cover a recent feed wheat sale. The spike generated some movement and prices pulled back in short order. Bid structures show white wheat prices are flat into October, with hard red winter and hard red spring posting a modest carry into June. Shipments...Weekly export inspections showed another relatively light week of wheat movement off U.S. ports, coming in at 11.5 mb to put year- to-date loadings at 520 million bushels and 15% behind a year ago. Hard red spring was the top shipper with 6.7 million bushels, followed by soft white wheat with 2.3 million and hard red winter at 1.7 million. Exporter activity on the west coast showed a total of 6.6 mb of wheat shipped that went mostly Bangladesh, South Korea and Taiwan. Nearly 20 mb of corn were also loaded for Colombia, South Korea and Japan. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.