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

                                                      March 31, 2020
                                                                  
                                   Portland Price Trends
                 03-01-19    08-01-19    02-01-20    03-24-20   03-24-20
#1 SWW (bu)         6.10        5.90        6.25        6.10       6.15
White Club          6.10        5.90        7.75        7.60       7.65
DNS 14%             6.68        5.98        7.08        7.15       7.19
HRW 11.5%           6.00        5.36        6.17        6.46       6.48
#2 Corn (ton)     180.00      170.00      175.00      157.00     157.00
#2 Barley         140.00      140.00      140.00      135.00     130.00

   Wheat..Defensive basis levels held west coast white wheat bids mostly
in check as the week got underway, while firm basis and a higher futures
market held spring wheat bids firm.  Hard red winter 11.5% protein bids
also held near the top end of the price range for the marketing year.
   Acreage...Wheat planting intentions across the three state PNW region
show total wheat plantings down less than 1% at 4.165 mln acres.  Idaho
plantings are expected to be up, mostly on higher spring acreage, while
total acreage in Washington is expected to be down 2% due to less winter 
wheat acres.  USDA also reported sharp reductions in U.S. pulse acreage. 
   Shipments...Weekly export inspections showed total U.S. wheat loadings
were on par with that prior week at 13.3 mb, putting year-to-date totals
at 752 mb and 9% ahead of a year ago. Hard red winter stole the show with
shipments of 8.5 mb.  Hard red spring moved 1.3 mb for the week and soft
white less than a million bushels. Indonesia was the primary destination
off the west coast, taking over 3 mb of wheat.
 
                                   -Norm Ruhoff  Contributing Analyst

               Copyright  2020 DTN/Telvent.  All Rights Reserved.





Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN