Portland Grain Review 03/31

March 31, 2022 Portland Price Trends 03-01-21 08-01-21 02-01-22 03-24-22 03-31-22 #1 SWW (bu) 7.60 9.25 10.75 11.50 10.75 White Club 7.60 10.75 12.50 12.50 11.75 DNS 14% 7.33 10.33 10.25 11.63 11.76 HRW 11.5% 7.48 8.33 9.86 11.97 11.56 #2 Corn (ton) 221.00 251.00 298.00 349.00 348.00 #2 Barley 170.00 200.00 240.00 270.00 270.00 Wheat...West coast cash wheat markets were generally lower across the board this week, with relative values between hard red winter and spring wheat seeing a drastic realignment. Club wheat premiums have also seen a decline the past few weeks, as fresh export demand for all wheats has been limited. Weekly Sales...For the third straight week, USDA reported a subdued pace of export demand for U.S. wheat with total sales of only 3.5 mb for the week. This puts year-to-date commitments at 698 mb, which stands 24% behind both a year ago and the five-year average pace. Hard red spring garnered 2 mb in new business, putting sales 30% behind a year ago and 27% below average at 192 mb. Both hard red winter and white wheat sales were below a million bushels. Planting Intentions...All wheat plantings for the PNW are expected to be up about 1.5% this year, coming mostly on increased acreage committed to winter wheat. Idaho winter wheat plantings are expected to be up 11% with spring acres down 8%, while Washington intends to see winter acres up 6% and spring plantings down 16%. Oregon wheat acreage is unchanged. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.