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                                                       January 12, 2017
                                                                  
                                   Portland Price Trends
                 01-02-16    08-01-16    12-01-16    01-05-17    01-12-17
#1 SWW (bu)         5.35        4.95        4.55        4.60        4.58
White Club          6.60        4.95        4.70        4.75        4.73
DNS 14%             6.17        6.03        6.53        6.70        6.95
HRW 11.5%           5.60        5.10        4.88        5.19        5.29
#2 Corn (ton)     159.00      158.00      148.00      163.00      163.00
#2 Barley         150.00      135.00      115.00      115.00      115.00

   Wheat..Follow-through strength from today's crop report provided a lift
to west coast wheat markets, reflected mostly in hard red winter and hard
red spring prices as white wheat basis remains defensive.  Current market
structures in spring wheat futures had some exporters rolling bids to the 
May futures today.
   Weekly Sales...USDA reported total U.S. wheat sales rebounded from the
prior week of extremely soft demand, coming in right at the 4-week average
of 14.4 mb.  Year-to-date sales now stand at 784 mb which is 33% ahead of
last year and 7% above the five-year average pace. Top seller was hard red
winter with 8 mb, putting demand for that class of wheat 91% ahead of last
year and 25% above average.  Hard red spring sales of 3.8 mb placed current
year commitments at 253 mb; 33% above last year and 30% better than average.
White wheat tallied 1.6 mb for the week, standing at 130 mb in sales which
is 18% ahead of last year and on par with the five-year average pace.  The
majority of sales were registered to unknown, with Mexico and Nigeria also
on the list of buyers for the week.

                                     -Norm Ruhoff  Extension Economist
               University of Idaho  CALS-AERS

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