Mid Miss Group
P.O. Box 150 | Gladstone, IL 61437
Main Office Phone 309-457-4800 | Fertilizer Office 309-325-7103
Toll Free 1-855-MID-MISS(643-6477) | Fax 309-325-7109
   

 

 
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                                                       August 3, 2017
                                                                  
                                   Portland Price Trends
                 08-01-16    01-01-17    07-01-17    07-27-17    08-03-17
#1 SWW (bu)         4.92        4.50        5.25        5.30        5.30
White Club          5.02        4.65        5.35        5.40        5.40
DNS 14%             5.99        6.57        6.57        8.56        8.33
HRW 11.5%           5.06        4.99        4.99        5.80        5.59
#2 Corn (ton)     159.00      160.00      160.00      153.00      150.00
#2 Barley         140.00      115.00      115.00      125.00      125.00

   Wheat...West coast white wheat exporters are showing interest in spot
ownership, as basis levels continue to strengthen against Chicago and the
carries into deferred months soften.  Basis for nearby delivery climbed 
to 70 over Chicago September today, up 65 cents since the first of July.
Carries into October also flattened, with similar bids posted across the
August, September and October delivery positions.
   Weekly Sales..USDA reported the slowest week of demand for U.S. wheat
of the marketing year, comin in at only 5.3 mb across all classes. White
and hard red winter tied for top spot with 1.7 mb for the week.  Current
year demand shows hard red winter running 13% behind a year ago, but the
soft white tally stands 54% ahead of last year.  Hard red spring demand
stands 18% behind a year ago.

                                    -Norm Ruhoff  Contributing Analyst

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