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     AgChoice Kansas locations include Weir, Parsons, Moran, Hepler, Madison and Blue Mound.  Oklahoma has one AgChoice location in Chelsea. Check out the Emporia AgChoice group with locations in Madison, Olpe & Osage City, KS.
 
 

 
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                                                       February 15, 2018
                                                                  
                                   Portland Price Trends
                 02-01-17    08-01-17    01-01-18    02-08-18    02-15-18
#1 SWW (bu)         4.68        5.20        5.25        5.47        5.53
White Club          4.83        5.30        5.25        5.47        5.53
DNS 14%             6.89        8.38        7.52        7.42        7.34
HRW 11.5%           5.28        5.65        5.60        6.27        6.29
#2 Corn (ton)     169.00      148.00      157.00      161.00      166.00
#2 Barley         115.00      125.00      128.00      140.00      140.00

   Wheat...West coast white wheat markets marked the highest price levels
since mid-summer this week, bolstered by a the higher Chicago market. Red
wheat markets saw hard red winter cash bids go to an inverse, with nearby
bids at a premium to to April, while hard red spring showed a carry.
   Weekly Sales...USDA reported total U.S. wheat export demand of 11.4 mb
over the past week, right in-line with the four-week average. Year-to-date
sales now stand at 776 mb, which is 12% behind a year ago and 6% under the
five-year average pace.  Top seller was hard red winter with 4.8 mb, which
places sales at 313 mb; 12% behind a year ago but 8% above average.  Hard
red spring booked 4 mb to put sales at 203 mb; 27% behind this time a year
ago and 12% below average.  Soft white saw less than a million bushels in
new demand, leaving current year sales at 168 mb; 9% ahead of a year ago,
19% ahead of average.
   Top Buyers...Japan topped the list of buyers last week, committing to
another 3.1 mb, followed by Indonesia with 3 mb, Taiwan at 2.8 mb, Mexico
with 2.2 mb and China at 1.2 mb.

                                     -Norm Ruhoff  Contributing Analyst

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