Portland Grain Review 09/17

September 17, 2024 Portland Price Trends 09-01-23 01-01-24 08-01-24 09-10-24 09-17-24 #1 SWW (bus) 6.80 6.65 5.65 5.85 5.85 White Club 7.05 7.15 5.65 6.00 6.00 DNS 14% 8.10 8.03 6.58 6.75 6.86 HRW 11.5% 7.43 6.97 6.04 6.39 6.33 #2 Corn (ton) 246.00 232.00 199.00 199.00 203.00 #2 Barley 200.00 180.00 150.00 150.00 150.00 Wheat...West coast exporters are jockeying for tomorrow's donation for nearly 5 mbus of white wheat to be shipped to Yemen over the next couple of months. The brief run to the $6 level did generate some farm selling last week and nearby basis levels have weakened against Chicago. Protein wheat prices are also holding near last week's levels. Shipments...Weekly export inspections showed another relatively strong week of wheat movement off U.S. ports, coming in at 20.4 mbus. This puts year-to-date shipments at 255 mbus, which is 34% ahead of a year ago. Top shipper was hard red winter with 7 mbus, followed by hard red spring with 6.4 mbus and white wheat with nearly 5 mbus. West coast activity showed nearly 12 mbus of wheat shipped, with Thailand and The Philippines taking the majority of that total. Crop Progress...Winter wheat planting is progressing across the Pacific Northwest, right on track with the average pace. Oregon reports 12% of the crop planted, Idaho is at 11% and Washington shows 43% of the crop is in. Recent rainfall has been welcomed, but all three states show soil moisture conditions mostly in the short to very short status. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.