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

                                                      January 24, 2020
                                   Portland Price Trends
                 01-01-19    08-01-19    12-01-19    01-17-20   01-24-20
#1 SWW (bu)         6.15        5.90        5.95        6.22       6.31
White Club          6.15        5.90        7.75        7.72       7.81
DNS 14%             6.59        5.98        6.80        7.20       7.27
HRW 11.5%           6.39        5.36        5.99        6.25       6.31
#2 Corn (ton)     168.00      170.00      170.00      171.00     176.00
#2 Barley         140.00      140.00      135.00      140.00     140.00

   Wheat...West coast wheat markets saw cash bids reach new marketing
year highs this week, bolstered by higher futures and firming of basis
levels.  Hard red spring actually marked the highest levels since June
2018 while hard red winter marked the best levels since February 2019.
Recent improved demand has been the primary driver.
   Weekly Sales...USDA reported a strong week of export demand for U.S.
wheat, coming in at a marketing year high of 25.6 mb.  Commitments to
date now stand at 745 mb, which is 13% ahead of a year ago and 4% over
the five-year-average pace.  Top seller last week was hard red winter
with 10.4 mb, putting sales at 273 mb; 33% ahead of a year ago and 11%
above average.  Hard red spring garnered 8.1 mb to put commitments at
213 mb; 5% over a year ago but 3% behind average. Soft white wheat saw
6.7 mb in new commitments, placing year-to-date sales at 151 mb which
is 1% behind a year ago but 7% above the average pace. 
   Top Buyers...Bangladesh topped a long list of buyers last week with
4.1 mb of protein wheat. Japan booked 3.5 mb, Guatemala was at 3.3 mb,
Taiwan bought 2.8 mb and South Korea 2.6 mb.
                                      -Norm Ruhoff  Contributing Analyst

               Copyright  2020 DTN/Telvent.  All Rights Reserved.

No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
Copyright DTN. All rights reserved. Disclaimer.
Futures and commodities trading involves significant risk of loss and is not suitable for every investor. Information herein is strictly the opinion of its author and is intended for informational purposes. Information is obtained from sources believed to be reliable but is in no way guaranteed. Neither Northern Crops Marketing nor its employees are liable or responsible for its use. Opinions, data, and recommendations are subject to change; past performance is not indicative of future results.
Powered By DTN