|
(701) 547-3291
|
|
|
|
|
February 25, 2021
Portland Price Trends
02-01-20 08-01-20 01-01-21 02-18-21 02-25-21
#1 SWW (bu) 6.25 5.60 6.65 7.50 7.65
White Club 7.75 6.00 6.90 7.50 7.65
DNS 14% 7.08 6.21 7.14 7.35 7.50
HRW 11.5% 6.17 5.71 7.38 7.63 7.75
#2 Corn (ton) 175.00 151.00 211.00 220.00 222.00
#2 Barley 140.00 130.00 145.00 160.00 160.00
Wheat...West coast white and hard red winter wheat prices continued
to mark fresh multi-year highs this week. Soft white moved above $7.50
for the first time since May 2014 and hard red winter marked $7.75 for
the first time since November 2014. Exporters are pushing the nearby
delivery positions to cover prior export commitments.
Weekly Sales...USDA reported a big setback in export demand for U.S.
wheat last week, coming in at a marketing year low of 6.2 mb. Current
commitments set a 866 mb, which is 4% ahead of a year ago and 8% above
the five-year average pace. Top seller was hard red spring with 2.2 mb,
which puts sales 7% ahead of a year ago and 9% above average at 258 mb.
Soft white wheat booked 1.8 mb and with 229 mb in sales is setting 38%
ahead of a year ago and 43$ above average. Hard red winter saw sales
slip to just 1.5 mb and with 291 mb in commitments, now sets 6% below
a year ago and 1% below the five-year average pace.
-Norm Ruhoff Contributing Analyst
Copyright 2021 DTN/Telvent. All Rights Reserved.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
|
|