December 3, 2024 Portland Price Trends 12-01-23 01-01-24 11-01-24 11-26-24 12-03-24 #1 SWW (bus) 6.80 6.65 6.00 6.00 6.00 White Club 7.30 7.15 6.15 6.15 6.15 DNS 14% 8.12 8.03 6.75 6.75 6.68 HRW 11.5% 7.02 6.97 6.42 6.32 6.20 #2 Corn (ton) 228.00 232.00 209.00 213.00 212.00 #2 Barley 180.00 180.00 150.00 150.00 150.00 Wheat...West coast white wheat prices held ground against fresh lows in Chicago futures on Tuesday, with basis strengthening 15 cents from a week ago. Cash bids for both hard red winter and dark northern spring were more reflective of lower futures, as prices approached the low end of the range for the marketing year. New crop August white wheat is actually bid at a premium to old crop, as basis has strengthened nearly 40 cents since early October. New crop hard red winter and dark northern spring bids are posted nearly at par with their respective old crop bids. Shipments...Weekly export inspections showed wheat movement took a back seat to corn and bean loadings over the past week, coming in 10.8 mbus to put year-to-date shipments at 403 mbus, which stands 32% ahead of last year at this time. Shipments were fairly evenly split between the three classes of wheat. West coast activity showed 4.8 mbus of wheat loaded, mostly for The Philippines, along with 10 mbus of corn and 17.4 mbus of soybeans. -Norm Ruhoff Contributing Analyst Copyright 2024 DTN/Telvent. All Rights Reserved.