Portland Grain Review 01/18

January 18, 2022 Portland Price Trends 01-01-20 08-01-21 12-01-21 01-11-22 01-18-22 #1 SWW (bu) 6.65 9.25 10.65 10.50 10.90 White Club 6.65 10.75 12.65 12.25 12.65 DNS 14% 7.14 10.33 11.30 10.41 10.05 HRW 11.5% 7.38 8.33 9.83 9.90 9.68 #2 Corn (ton) 211.00 251.00 269.00 281.00 280.00 #2 Barley 145.00 200.00 240.00 240.00 240.00 Wheat..The recent CCC tender announcement for donation of more than 3 mb of U.S. white wheat has spurred west coast prices. As is typically seen with these types of tenders, delivery is fairly prompt and in addition to the new demand, provides exporters an opportunity to ship higher protein white wheat from this past harvest. Bids on the red wheats remain reflective of movement in respective futures, gaining from the higher prices being registered today. Shipments...Weekly export inspections showed U.S. wheat shipments made a good rebound over the past week, coming in at 13.5 mb to put year-to-date loadings at 471 mb and 18% below a year ago. Hard red winter was the top shipper with 5.5 mb, followed by hard red spring at 2.8 mb and white wheat at 2.2 mb. Vietnam was the top wheat destination off the PNW, taking 2.5 mb, followed by the Philippines and Guatemala. Japan accounted for most of the corn shipments off the west coast and China continues to take a large amount of soybeans from PNW ports. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.