Portland Grain Review 05/26

May 26, 2020 Portland Price Trends 05-01-19 08-01-19 04-01-20 05-19-20 05-26-20 #1 SWW (bu) 5.67 5.90 6.10 6.10 6.05 White Club 5.67 5.90 7.60 7.60 7.55 DNS 14% 6.12 5.98 7.04 6.80 6.88 HRW 11.5% 5.70 5.36 6.30 5.93 5.97 #2 Corn (ton) 168.00 170.00 155.00 140.00 140.00 #2 Barley 140.00 140.00 130.00 155.00 153.00 Wheat...West coast red wheat markets came out of the extended weekend on a firmer note, reflective of respective futures markets, while white wheat held below recent highs. Exporters continue to show old crop bids at a premium to new crop. Crop Progress...Despite a divergence in winter wheat conditions, the overall Pacific Northwest crop rating index improved over the past week on a good round of precipitation. Good to excellent ratings for Idaho climbed 2% to 73% and Washington saw a 4% improvement to 87%. However, Oregon's crop continued to deteriorate as good to excellent slipped 13% to 40% and poor to very poor climbed to 25%. The net effect across the three-state weighted index was a 1 point improvement to 103% of normal. Shipments...Weekly export inspections showed a relatively good week of late season wheat shipments off U.S. ports last week, coming in at 16.8 mb to put year-to-date shipments at 896 mb; on par with a year ago. Top shipper was hard red winter with 7.6 mb, followed by red spring with 5.7 mb and soft white at 2.3 mb. China was a big taker off the Gulf and west coast last week. -Norm Ruhoff Contributing Analyst Copyright 2020 DTN/Telvent. All Rights Reserved.