Portland Grain Review 07/09

July 9, 2019 Portland Price Trends 07-01-18 08-01-18 06-01-19 07-02-19 07-09-19 #1 SWW (bu) 6.00 6.05 6.20 6.00 6.08 White Club 6.00 6.05 6.20 6.00 6.08 DNS 14% 6.52 7.08 6.43 6.16 6.07 HRW 11.5% 5.86 6.89 6.22 5.47 5.52 #2 Corn (ton) 157.00 160.00 182.00 183.00 193.00 #2 Barley 150.00 140.00 140.00 140.00 140.00 Wheat...West coast white wheat markets were holding steady to better in early-week trade, with stronger basis levels offsetting the declines in Chicago futures. Hard red winter also saw basis on 11.5% protein up a nickel this past week while spring wheat basis was unchanged. Shipments...Weekly export inspections showed another solid week for U.S. wheat loadings, coming in at 22.4 mb to put year-to-date shipments at 95 mb and 48% ahead of a year ago. Hard red winter was top shipper with 9 mb, followed by hard red spring with 6.3 mb and soft white wheat at 4.1 mb. Top destinations off the west coast included the Philippines with 6 mb and Japan at 2.1 mb. Crop Progress..Pacific Northwest winter wheat conditions held mostly steady week-to-week, with the three-state index holding at 102% of the twenty-year average. Idaho was the notable change, dropping 9% to 61% good to excellent. U.S. spring wheat ratings showed the overall crop is also holding at 104% of average, with both Idaho and Montana seeing an improvement over the past two weeks. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.