Printable Page Grain   Return to Menu - Page 1 2 3 5 6 9 10 11 12 13
 
 

                                                           August 23, 2016
                                                                  
                                   Portland Price Trends
                 08-01-15    01-01-16    07-01-16    08-16-16    08-23-16
#1 SWW (bu)         5.70        5.35        5.05        5.12        4.95
White Club          6.45        6.60        5.05        5.22        5.05
DNS 14%             6.22        6.17        6.00        6.31        6.26
HRW 11.5%           5.64        5.60        4.82        5.11        5.23
#2 Corn (ton)     160.00      154.00      163.00      160.00      159.00
#2 Barley         159.00      150.00      140.00      130.00      130.00

   Wheat...A roll from September to December futures against big carries
between those contracts pulled spot basis levels lower today, especially
for white wheat which saw basis drop 20-plus cents. Harvest pressure has
weighed on all markets with logistics being complicated by lower falling
number issues in white wheat and lower protein red wheats hitting export
channels in Portland.   
   Shipments...Weekly export inspections showed another relatively good
week of export loadings for U.S. wheat, coming in near 20 mb to put the
year-to-date total 33% ahead of last year at 219 mb. Hard red winter in
particular was a solid mover, topping all classes of wheat for the week
with 8.3 mb.  Hard red spring followed that with 6.3 mb shipped.  White
wheat saw 2 mb loaded off the PNW, going primarily to Taiwan. Other top
destinations for the week included Vietnam, the Philippines, Indonsia,
and Japan. 
   Crop Progress...Open weather has allowed for steady harvest progress
across the Pacific Northwest.  The majority of winter wheat crops have
been cut, and USDA shows spring wheat harvest advancing slightly ahead
of average for Idaho and Washingtion, both at 60% or better harvested 
and Montana 14% ahead of average at 53% cut.

                                     -Norm Ruhoff  Extension Economist
               University of Idaho  CALS-AERS

               Copyright  2016 DTN/Telvent.  All Rights Reserved.





DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN