Printable Page Grain   Return to Menu - Page 1 2 3 5 6 9 10 11 12 13
 
 
January 27, 2015
                                                                  
                                   Portland Price Trends
                 01-01-14    08-01-14    12-01-14    01-20-15    01-20-15
#1 SWW (bu)         7.03        6.92        7.35        6.67        6.60
White Club          7.63        8.17       10.05        9.17        9.10
HRS 14%             8.10        8.31       10.22        8.53        8.43
HRW 11.5%           7.62        7.62        7.99        6.86        6.65
#2 Corn (ton)     186.00      185.00      196.00      182.00      179.00
#2 Barley         155.00      175.00      160.00      170.00      170.00

   Wheat...Early-week trade on the West coast saw wheat markets drifting
a bit lower, with hard red winter marking new lows for the marketing year,
soft white within a dime of season lows, and hard red spring holding 50
cents above the lows. Continued small but steady export inquiries against
limited farm offerings have helped firm white wheat and red spring wheat 
basis levels.
   Shipments...Weekly export loadings put total US wheat shipments at 9.6
mb last week, behind the pace needed to meet USDA projections and holding
year-to-date totals 33% behind last year. Hard red spring was top shipper
with 2.8 mb; soft white moved 1.3 mb off the PNW. Clear weather returning
to the west coast should improve loadings this week.
   Basis...West coast wheat basis levels continue to post a week-to-week
improvement.  White wheat basis is holding at 140 over Chicago which is 
up 50 cents from the recent low; hard red winter at 115 over the KC is up 
20; and hard red spring added another dime to 275 over Minneapolis and is
up 75 cents from late December.                                                 
                     
                                      -Norm Ruhoff  Contributing Analyst

               Copyright  2015 DTN/Telvent.  All Rights Reserved.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN