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February 13, 2025
Portland Price Trends
01-01-24 08-01-24 01-01-25 02-06-25 02-13-25
#1 SWW (bus) 6.65 5.65 5.90 6.10 6.20
White Club 7.15 5.65 6.05 6.25 6.35
DNS 14% 8.03 6.58 6.71 7.03 6.89
HRW 11.5% 6.97 6.04 6.33 6.62 6.45
#2 Corn (ton) 232.00 199.00 224.00 227.00 228.00
#2 Barley 180.00 150.00 150.00 150.00 150.00
Wheat...West coast white wheat prices were the sole gainer on a week-to-
week basis, moving modestly higher as spreads to Chicago futures firmed in
late week trade. Recent export demand remains supportive to white wheat,
with USDA reporting another solid week of sales. New crop August bids held
at a 10 cent premium to old crop, posted today at $6.30.
Weekly Sales...USDA reported yet another relatively good week of export
demand for U.S. wheat, with sales of 20.9 million bushels that sets at the
top of the marketing year range and the best level since June. Year-to-date
sales of 704 million bushels now sets 11% better than a year ago and right
on track with the five-year average pace. Hard red spring wheat was the top
seller with nearly 7 million bushels and with 226 million in commitments is
running 8% ahead of both a year ago and the average pace. Hard red winter
sales also picked up for the second stright week with 5.8 million bushels to
put sales 50% ahead of a year ago but 25% below average. White wheat also
had a good week with 5.5 million bushels and with 192 million bushels in the
books, set 47% ahead of a year ago and 24% above average. Mexico was the top
buyer with 4.7 million bushels, followed by South Korea with 3.1 million and
The Philippines with 1.8 million bushels.
- Norm Ruhoff Contributing Analyst
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