Saturday, December 20, 2014  
 
Wheat News |  Weather 
 Home
 ABOUT MCP
 Contact us
 Farm Stores
 Cash Grain Bids
 MCP Fuel
 Fuel Contracting
 Department Comments
 Calendar of Events
 Career Opportunities
 MCP LINKS
 Applications
 Maintenance Request
 
 
Printable Page Grain   Return to Menu - Page 1 2 3 5 6 9 10 11 12 13
 
 
December 18, 2014
                                                                  
                                   Portland Price Trends
                 12-01-13    01-01-14    11-01-14    12-11-14    12-18-14
#1 SWW (bu)         7.40        7.03        6.97        7.09        7.35
White Club          7.80        7.63        9.92        9.59        9.85
HRS 14%             8.44        8.10        9.19        9.65        9.61
HRW 11.5%           8.11        7.62        7.50        7.52        7.83
#2 Corn (ton)     185.00      186.00      185.00      196.00      200.00
#2 Barley         165.00      155.00      150.00      165.00      170.00

   Wheat...Weaker basis levels across the west coast wheat complex offset
a good share of the advances in futures markets this week, but soft white
wheat did manage to mark a new seasonal high this morning at $7.40.  Hard
red spring wheat basis has declined 95 cents from the highs, but remains
more than double the 10-year average for mid-December.  Basis levels for
hard red winter have dropped 75 cents from October high but are 30 cents
above average, while soft white has dropped $1 off the September highs to
settle today at 40 cents above the 10-year average.  New crop August bids
today showed white wheat at $7.30, hard red winter 11.5% at $7.70 and red
spring 14% closing at $7.76. 
   Weekly Sales...Demand for US wheat spiked to the best level since late
September last week, coming in at 17.5 mb to place overall wheat sales at
656 mb and 24% behind last year. Hard red winter led the pack with 6.1 mb
as traditional buyers returned to the market, putting year-to-date sales
at 202 mb and 37% behind a year ago.  Hard red spring registerd nearly 4
mb on the week, and with 208 mb in commitments stands 19% ahead of a year
ago. Soft red winter saw the best weekly improvement relative to the past
10 weeks with a 3.1 mb weekly tally, while soft white posted another good 
week at 2.7 mb and with 113 mb in the books stands 5% behind last year.         
                                                                          
   Top Buyers...Japan once again topped all buyers for the week, booking
another 4 mb that included 2.5 mb of white wheat; Mexico stepped in for a
total of 3 mb of mostly soft red winter; Nigeria led the charge for hard 
red winter claiming a total of 2.3 mb for the week; Italy bought 1.7 mb 
of durum; and South Korea rounded out the top 5 for the week with nearly 
1 mb of mostly hard red spring wheat.
                                       -Norm Ruhoff  Contributing Analyst

               Copyright  2014 DTN/Telvent.  All Rights Reserved.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN