Portland Grain Review 04/18

April 18, 2023 Portland Price Trends 04-01-22 08-01-22 03-01-23 04-11-23 04-18-23 #1 SWW (bu) 10.75 9.00 8.10 7.50 7.70 White Club 11.75 9.00 8.10 7.50 7.70 DNS 14% 11.45 10.08 9.48 9.53 9.68 HRW 11.5% 11.14 10.00 9.56 10.05 10.06 #2 Corn (ton) 319.00 279.00 278.00 287.00 295.00 #2 Barley 270.00 235.00 250.00 240.00 240.00 Wheat..Two consecutive weeks of CCC tenders helped bolster west coast white wheat bids, with prices moving back to the high end of a two month trading range. USDA is working two donation tenders for Yemen for a total of just over 6 mb, and with a June shipping schedule the business firmed up old crop bids. Crop Progress...A week of warmer and wetter weather proved beneficial to the PNW winter wheat crop, as the three-state index climbed 2 points to 86% of average. Idaho saw the good to excellent category climb 15% to 25% (all in "good"), and Washington gained 6 points to 45%. Oregon saw an 11 point decline in that category, slipping to 31%. Shipments...Weekly export inspections showed U.S. wheat movement off all ports slipped to about two-thirds of the prior week, coming in just under 9 mb. Year-to-date shipping totals stand 3% behind a year ago and top shipper for the week was hard red winter. Thailand was the primary taker off west coast ports. -Norm Ruhoff Contributing Analyst Copyright 2023 DTN/Telvent. All Rights Reserved.