Portland Grain Review 03/19

March 19, 2018 Portland Price Trends 03-01-17 08-01-17 02-01-18 03-12-18 03-19-18 #1 SWW (bu) 4.90 5.20 5.42 5.70 5.60 White Club 5.05 5.30 5.42 5.70 5.60 DNS 14% 6.96 8.38 7.41 7.54 7.40 HRW 11.5% 5.52 5.65 6.17 6.62 6.14 #2 Corn (ton) 175.00 148.00 161.00 178.00 178.00 #2 Barley 158.00 125.00 140.00 150.00 150.00 Wheat...Firming basis levels for white wheat against a weaker Chicago futures market remains apparent, as spot basis has strengthened more than 40 cents over the past two weeks. Spot basis on dark northern spring was also up a dime over the past week, with all markets bid flat into April. Japan will be in the market this week, seeking a total of 4.7 mb from the U.S., Canada and Australia. Shipments...Weekly export inspections showed another relatively solid week of wheat shipments off U.S. ports, coming in at 16.3 mb to put the current year total at 703 mb and 7% below a year ago. Hard red winter was top shipper for the week with 8.5 mb, followed by hard red spring at 4.8 mb and soft white with 2.1 mb. Top destination off the PNW was Japan at 2.4 mb, followed by South Korea with 2.1 mb, Thailand taking 1.8 mb and both Taiwan and the Philippines near the 1.5 mb mark. -Norm Ruhoff Contributing Analyst Copyright 2018 DTN/Telvent. All Rights Reserved.