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

                                                       February 16, 2017
                                                                  
                                   Portland Price Trends
                 02-01-16    08-01-16    01-02-17    02-09-17    02-16-17
#1 SWW (bu)         5.30        4.95        4.53        4.82        4.80
White Club          6.55        4.95        4.68        4.97        4.95
DNS 14%             6.20        6.03        6.58        7.01        6.91
HRW 11.5%           5.62        5.10        5.03        5.38        5.46
#2 Corn (ton)     162.00      158.00      159.00      170.00      176.00
#2 Barley         145.00      135.00      115.00      115.00      115.00

   Wheat...West coast wheat markets gave back some of the recent gains made
over the past few weeks today, following the retreat across futures markets.
Both hard red winter and hard red spring took the bigger hit as basis levels
held steady against the decline, while white wheat basis firmed.
   Weekly Sales...USDA reported another healthy week of demand for the U.S.
wheat market, as total sales came in near 21 mb to put year-to-date sales at
881 mb; up 39% over last year and 8% above the five-year average pace.  Both
hard red winter and white wheat were top sellers with 7.8 mb.  Sales of hard
red winter now stand at 357 mb which is 97% ahead of a year ago and 27% above
the five-year average.  White wheat commitments stand at 155 mb; 29% ahead of
a year ago and 3% above average.  Hard red spring wheat sales of 3.7 put the
current year total 30% ahead of both last year and average at 218 mb.
   Top Buyers..Top buyer for the past week was unknown with a total of 5.5 mb, 
followed by Mexico with 3.6 mb.  Both Nigeria and South Korea secured another
2.3 mb and Yemen booked 1.8 mb. Unknown, South Korea and Yemen all contributed
to the strong white wheat sales numbers.
 
                                           -Norm Ruhoff  Contributing Analyst

               Copyright  2017 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