Portland Grain Review 06/15

June 15, 2017 Portland Price Trends 06-01-16 08-01-16 05-01-17 06-08-17 06-15-17 #1 SWW (bu) 5.35 4.95 4.87 5.03 5.00 White Club 5.35 4.95 5.02 5.13 5.10 DNS 14% 6.29 6.03 6.88 7.30 7.59 HRW 11.5% 5.41 5.10 5.36 5.47 5.58 #2 Corn (ton) 179.00 158.00 161.00 158.00 159.00 #2 Barley 145.00 135.00 125.00 127.00 127.00 Wheat...Basis levels remained somewhat defensive this week against a stronger play in futures, but white wheat once again hit the $5 mark and tripped some additional farm selling. Protein wheat markets were also higher, especially spring wheat spurred on by weather conditions. Weekly Sales...USDA reported total sales volumes slipped a bit from the last few weeks, coming in at 13.8 mb to put year-to-date sales at 256 mb and 7% ahead of a year ago. Top seller was hard red winter with a 5.2 mb tally, followed by soft red winter and hard red spring coming in at 3 mb each. Soft white garnered 2.4 mb in new demand for the week. Top Buyers...Top buyers for the week were Mexico with 4.4 mb trailed by both Nigeria and Taiwan with 2 mb each. Columbia bought 1.8 mb and Peru rounded-out the top five for the week with a million bushels. -Norm Ruhoff Contributing Analyst Copyright 2017 DTN/Telvent. All Rights Reserved.