Portland Grain Review 08/22

August 22, 2023 Portland Price Trends 08-01-22 08-01-22 07-01-23 08-15-23 08-22-23 #1 SWW (bu) 9.00 9.00 7.00 6.80 6.90 White Club 9.00 9.00 7.15 7.05 7.15 DNS 14% 9.77 10.08 8.79 8.45 8.23 HRW 11.5% 9.76 10.00 8.41 7.63 7.57 #2 Corn (ton) 276.00 279.00 261.00 249.00 249.00 #2 Barley 235.00 235.00 210.00 200.00 200.00 Wheat...West coast white wheat cash markets have held in a relatively narrow trading range since the first of the month, with a stronger basis generally offsetting declines in Chicago. With limited farmer selling, exporters continue to support the market for coverage on recent demand. Crop Progress...USDA reported nearly 20% of the PNW winter wheat crop was harvested over the past week, with Idaho now 70% complete, Washington at 87% complete and Oregon fully completed. Spring wheat harvest is also running ahead of average for Oregon and Washington, while Idaho shows 27% of the crop cut versus an average pace of 44%. Shipments...Weekly export inspections showed a modest increase in U.S. wheat loadings last week, coming in at 1.4 mb to put year-to-date totals at 134 mb and 18% behind a year ago. Hard red winter was top shipper with 4.1 mb, followed by hard red spring with 3.2 mb and white wheat at 2.5 mb. West coast loading activity showed Taiwan and South Korea taking 2 mb each, while Yemen and Japan each took on about 1 mb. -Norm Ruhoff Contributing Analyst Copyright 2023 DTN/Telvent. All Rights Reserved.