Portland Grain Review 10/03

October 3, 2023 Portland Price Trends 10-01-22 01-01-23 09-01-23 09-26-23 10-03-23 #1 SWW (bu) 9.30 8.55 6.80 7.00 6.70 White Club 9.80 9.05 7.05 7.25 6.95 DNS 14% 10.06 10.19 8.10 8.39 7.91 HRW 11.5% 11.09 10.08 7.43 7.53 7.18 #2 Corn (ton) 303.00 302.00 246.00 247.00 254.00 #2 Barley 240.00 250.00 200.00 190.00 180.00 Wheat...West coast white wheat markets regained some footing following the post-report decline last week, adding back 20 cents in the early-week trading. Nearby basis levels also remain firm, and exporters also boosted both hard red winter 11.5% protein and dark northern spring 14% basis by 20 cents over the past week. Crop Progress...Idaho saw nearly 20% of their winter wheat crop planted last week, setting at 35% complete versus 52% on average. Washington put in another 13% of the crop and shows planting progress nearly in line with the average pace at 65% complete. Oregon reports 23% planted, standing 7% off the five-year average pace. Recent moisture with a forecast for a clearing trend should improve progress over the next week. Shipments...Weekly export inspections showed a relatively good week of wheat movement off U.S. ports, coming in at 14.6 mb to put the year-to-date total at 223 mb and 28% behind a year ago. Hard red spring was top shipper with 5.1 mb, follwed by hard red winter with 2.5 mb and white wheat at 1.7 mb. The Philippines was the top destination off the west coast with 2.9 mb, followed by South Korea with 2.5 mb. -Norm Ruhoff Contributing Analyst Copyright 2023 DTN/Telvent. All Rights Reserved.