Portland Grain Review 11/26

November 26, 2024 Portland Price Trends 11-01-23 01-01-24 10-01-24 11-19-24 11-26-24 #1 SWW (bus) 6.85 6.65 6.00 6.15 6.00 White Club 7.35 7.15 6.15 6.30 6.15 DNS 14% 7.94 8.03 7.05 6.65 6.75 HRW 11.5% 6.74 6.97 6.53 6.37 6.32 #2 Corn (ton) 237.00 232.00 216.00 216.00 213.00 #2 Barley 280.00 180.00 150.00 150.00 150.00 Wheat...West coast wheat markets held mostly steady on the front side of a holiday-shortened week, with white wheat bids hovering near the $6 level. Soft white wheat bids have held within a 20 cent range since late September, with the average since the start of the marketing year at $5.96 compared to an average of $6.98 for the same period last year. Shipments...Weekly export inspections showed a rebound in wheat movement off U.S. ports last week, coming in at 13.2 mbus to put year-to-date loadings at 393 mbus, which is 31% ahead of a year ago. Hard red spring was the top shipper, followed by hard red winter with 4.7 mbus and white wheat with 2.5 mbus. West coast exporters shipped 8.2 mbus of wheat, going mostly to Japan and The Philippines, along with 17.6 mbus of soybeans for China. Crop Progress...Winter wheat conditions for the Pacific Northwest showed an overall decline this past week. While good to excellent ratings held at 47% for Idaho, Oregon reported a 6 point decline to 54% and Washington lost 5 points to 48%. Emergence remains good for all three states. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.