Portland Grain Review 04/23

April 23, 2024 Portland Price Trends 04-01-23 08-01-23 03-01-24 04-16-24 04-23-24 #1 SWW (bu) 7.65 7.05 5.80 5.75 6.00 White Club 7.65 7.30 6.05 5.75 6.00 DNS 14% 9.77 9.05 7.34 7.25 7.45 HRW 11.5% 10.08 8.24 6.34 6.57 6.72 #2 Corn (ton) 290.00 254.00 213.00 222.00 219.00 #2 Barley 240.00 210.00 180.00 155.00 155.00 Wheat...The early-week surge across the wheat futures complex brought west coast white wheat prices back to the $6 mark for the first time since February, attracting a small amount of selling interest. Bid structures show white wheat bid flat into October. Crop Progress...USDA reported that the three-state crop condition index for the Pacific Northwest held unchanged from last week, with an improved rating out of Washington offsetting modest declines for Idaho and Oregon. Good to excellent ratings for Idaho slipped a point to 68%, Oregen dropped 4 points to 65%, but Washington improved 3% to 48%. Spring wheat plantings moved above the halfway mark for both Idaho and Washington, with respective planted rates of 55% and 60%. Shipments...Weekly export inspections showed another relatively strong week of U.S. wheat shipments, coming in at 16.5 mbus. With a total of 604 mbus moved, year-to-date loadings of 604 mbus stand 8% behind a year ago. West coast exporters loaded 8.5 mb of wheat, going mostly to Japan and The Philippines. More than 20 mbus of corn were also shipped off the PNW, going mostly to Japan and South Korea. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.