| |
July 16, 2019
Portland Price Trends
07-01-18 08-01-18 06-01-19 07-09-19 07-16-19
#1 SWW (bu) 6.00 6.05 6.20 6.08 6.12
White Club 6.00 6.05 6.20 6.08 6.12
DNS 14% 6.52 7.08 6.43 6.07 6.10
HRW 11.5% 5.86 6.89 6.22 5.52 5.68
#2 Corn (ton) 157.00 160.00 182.00 193.00 194.00
#2 Barley 150.00 140.00 140.00 140.00 140.00
Wheat...Firming basis levels held white wheat bids in check against a
weaker Chicago futures market in early week trade; standing at a premium
to both west coast hard red winter and dark northern spring wheat. Bids
on all wheats remain flat into September.
Shipments...Weekly export inspections showed a sharp decline in total
wheat shipments last week, coming in at about half the prior week at 11.5
mb. Year-to-date loadings now stand at 107 mb and 30% above a year ago.
Top shipper for the week was hard red winter with 6.8 mb and spring wheat
saw 2.9 mb moved. Taiwan was top destination off the west coast with 1.8
mb and Japan took 1.6 mb.
Crop Progress..Hot and dry weather took a toll on the spring wheat crop
in Idaho over the past week, as the overall index dropped 4 points to 92%
of average. This places that crop at the second lowest rating since 1986,
standing just above the 2001 crop. In contrast to that, Washington spring
wheat ratings saw the index climb 3% to 108% of average.
-Norm Ruhoff Contributing Analyst
Copyright 2019 DTN/Telvent. All Rights Reserved.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
|
|
