Portland Grain Review 11/12

November 12, 2024 Portland Price Trends 11-01-23 01-01-24 10-01-24 11-05-24 11-12-24 #1 SWW (bus) 6.85 6.65 6.00 6.00 5.90 White Club 7.35 7.15 6.15 6.15 6.05 DNS 14% 7.94 8.03 7.05 6.84 6.53 HRW 11.5% 6.74 6.97 6.53 6.31 6.21 #2 Corn (ton) 237.00 232.00 216.00 206.00 212.00 #2 Barley 280.00 180.00 150.00 150.00 150.00 Wheat...West coast cash wheat prices came under pressure from weakness across the futures complex in early week trade, but white wheat saw spot basis levels firm up a bit against declines in Chicago. Bid structures at the export level showed all three wheat classes mostly flat at least into the new calendar year. Shipments...Weekly export inspections showed a marked improvement for U.S. wheat movement last week, coming in at 12.7 mbus to put year-to-date shipments at 371 mbus and 35% ahead of a year ago. Hard red spring wheat was the top shipper with 4.3 mbus, followed by soft white with 3 mbus and both classes benefitting from South Korean deliveries. A total 0f 8.8 mbus of wheat moved off the west coast, along with nearly 32 mbus of soybeans destined for China. Crop Progress...The 3-state Pacific Northwest winter wheat condition saw a modest week-to-week improvement, as recent moisture boosted ratings for Washington and Oregon, while Idaho was mostly unchanged. Good to excellent ratings for Oregon climbed 4 points to 67%, Washington was also up 4 points to 54%, while Idaho slipped a point to 42%. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.