Portland Grain Review 12/13

December 13, 2022 Portland Price Trends 12-01-21 01-01-22 11-01-22 12-06-22 12-13-22 #1 SWW (bu) 10.65 10.70 9.10 8.40 8.60 White Club 12.65 12.45 9.60 8.90 9.10 DNS 14% 11.30 10.78 11.10 9.73 10.08 HRW 11.5% 9.83 9.81 10.70 9.48 9.91 #2 Corn (ton) 255.00 274.00 311.00 300.00 301.00 #2 Barley 240.00 240.00 250.00 250.00 250.00 Wheat...West coast white wheat bids moved higher in early-week trade, following the modest rebound in Chicago futures, as nearby basis levels held near $1.00 March futures. Exporter bids strucutures show a modest carry for white wheat with August new crop at $8.00, while both hard red winter and spring wheat are bid flat into March, with respective August new crop bids at $9.06 and $9.53 per bushel. Extreme cold temperatures are expected into the weekend for the Pacific Northwest, but most areas have good snow cover. Shipments...Weekly export inspections showed another subdues pace of export loadings for U.S. wheat, coming in at only 7.6 mb to put overall shipments at 409 mb and 3% behind a year ago. Hard red winter moved a total of 3.9 mb, hard red spring registered 2.7 mb and white wheat saw less than a million bushels shipped. West coast port activity showed 2.3 mb of wheat loaded for Japan and China taking on 22 mb of soybeans. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.