Portland Grain Review 09/19

September 19, 2023 Portland Price Trends 09-01-22 01-01-23 08-01-23 09-12-23 09-19-23 #1 SWW (bu) 8.90 8.55 7.05 6.70 6.80 White Club 9.40 9.05 7.30 6.95 7.05 DNS 14% 9.66 10.19 9.05 8.29 8.30 HRW 11.5% 9.88 10.08 8.24 7.51 7.56 #2 Corn (ton) 296.00 302.00 254.00 251.00 248.00 #2 Barley 235.00 250.00 210.00 200.00 190.00 Wheat...West coast wheat markets showed prices holding mostly steady to a week ago in early week trade. Nearby white wheat basis to Chicago held firm, with a small donation tender for Yemen this week providing footing. White wheat export bids were flat into November, hard red winter showed a modest carry and dark northern spring was bid flat into January. Crop Progress..Pacific Northwest winter wheat plantings remain slightly behind the average pace, as Idaho is reported 13% planted versus a 5-year average of 21%, Washington is 5% behind average at 41% planted and Oregon stands right in line with average at 12% sown. Planting conditions remain extremely dry but cooler, wetter weather is expected into next week. Shipments...Weekly export inspections showed U.S. wheat shipments held in-line with the prior week, coming in at 13.4 mb. Year-to-date loadings now stand 29% behind a year ago at 188 mb. Top shippers were soft white and hard red spring wheat, with each registering 4 mb for the week. Hard red winter recorded 2.3 mb. Indonesia was the big taker off the PNW with nearly 4 mb of white wheat being loaded for that country. -Norm Ruhoff Contributing Analyst Copyright 2023 DTN/Telvent. All Rights Reserved.