Portland Grain Review 04/30

April 30, 2024 Portland Price Trends 04-01-23 08-01-23 03-01-24 04-23-24 04-30-24 #1 SWW (bu) 7.65 7.05 5.80 6.00 5.95 White Club 7.65 7.30 6.05 6.00 5.95 DNS 14% 9.77 9.05 7.34 7.45 7.89 HRW 11.5% 10.08 8.24 6.34 6.72 7.01 #2 Corn (ton) 290.00 254.00 213.00 219.00 218.00 #2 Barley 240.00 210.00 180.00 155.00 155.00 Wheat..A retreat across the wheat futures complex weighed on west coast cash prices in early-week trade, with soft white wheat down 20 cents from the recent highs. With an exporter shift to July futures, nearby basis for white wheat slipped back into negative territory while basis on the protein wheats held mostly steady on the roll. Crop Progress...The Pacific Northwest winter wheat crop benefitted from recent warmer weather and precipitation, with the three-state index moving up 9 points from last week. Within that number, good to excellent ratings for Idaho slipped a point to 67% and Washington jumped 8% to 56%. Oregon dropped 2% from good to excellent to 63%, but saw the "excellent" category jump 8 points to 12%. Spring wheat plantings are three-quarter complete in the PNW, with Idaho's crop going in 15% ahead of the average pace. Shipments..Weekly export inspections showed another relatively good week of wheat shipments, coming in at 17.6 mbus to put year-to-date loadings 7% behind a year ago at 622 mbus. Top shipper was hard red spring at 7.7 mbus, followed by soft red winter at 4.2 mb. West coast loadings showed nearly 9 mbus shipped, mostly for Vietnam, Taiwan, and Chile. Corn shipments came in at nearly 18 mbus, with the majority of that going to Japan. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.