Portland Grain Review 12/30

December 30, 2022 Portland Price Trends 12-01-21 01-01-22 11-01-22 12-23-22 12-30-22 #1 SWW (bu) 10.65 10.70 9.10 8.55 8.55 White Club 12.65 12.45 9.60 9.05 9.05 DNS 14% 11.30 10.78 11.10 10.12 10.07 HRW 11.5% 9.83 9.81 10.70 9.95 10.05 #2 Corn (ton) 255.00 274.00 311.00 296.00 302.00 #2 Barley 240.00 240.00 250.00 250.00 250.00 Wheat...West coast cash wheat markets marked the end of the calendar year trading mostly in-line with a week ago and riding the 3-week rebound across the futures complex. Year-end price comparisons show soft white trading more than $2 lower than a year ago, dark northern spring is down 70 cents and hard red winter 11.5% protein about 20 cents higher. Weekly Sales...USDA reported a rebound in wheat export demand as sales of 17.6 mb were the best tally in two months. Total wheat sales stand at 548 mb, which is 6% behind a year ago and 14% below the five-year average pace. Hard red winter registered the best week of export demand in nearly four months, scoring 6.4 mb to put commitments at 152 mb and setting 34% behind a year ago and 7% below average. Hard red spring garnered 4.6 mb, putting sales at 166 mb and stands 6% ahead of a year ago but 13% behind average. White wheat sales came in right at the four-week average of 3 mb and with 133 mb in commitments, sets 27% ahead of a year ago but 30% off the five-year average pace. Top Buyers...Japan was the big buyer of U.S. wheat last week, booking 5.1 mb of white, hard red winter and spring wheat. Mexico bought 3.7 mb, Unknown bought 3.2 mb, and Taiwan purchased 2 mb of mostly red spring. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.