Portland Grain Review 08/16

August 16, 2022 Portland Price Trends 08-01-21 01-01-22 07-01-22 08-09-22 08-16-22 #1 SWW (bu) 9.25 10.70 9.50 8.85 8.70 White Club 10.75 12.45 9.50 8.85 9.20 DNS 14% 10.33 10.78 10.28 9.69 9.83 HRW 11.5% 8.37 9.81 10.23 9.61 9.87 #2 Corn (ton) 245.00 274.00 278.00 279.00 281.00 #2 Barley 200.00 240.00 245.00 235.00 235.00 Wheat...Seasonal harvest pressure kept nearby wheat markets somewhat subdued in early week trade, but exporters did put a premium back on club wheat to entice some farmer movement on late-harvested spring crop. Bid structures are showing only modest carries in white and hard red winter markets, with red spring posting a dime carry into October. Crop Progress..Intermittment showers late last week slowed PNW harvest progress a bit last week, with some inland areas seeing some hail damage. Oregon winter wheat harvest sets at 82% complete with spring wheat at 40%. Idaho is running 40% behind the average pace at 28% complete on the winter wheat harvest with spring wheat 14% cut. Washington is showing 45% of the winter wheat cut, about 30% behind the average pace, with the spring crop reported at 14% cut. Yield reports show exceptional quanity and quality. Shipments...Weekly export inspections showed total U.S. wheat loadings of 13.7 mb last week, down from 23.4 mb the prior week. The year-to-date total of 142 mb sets 23% behind a year ago. Hard red winter, springs and soft red winter moved just over 3.5 mb each while soft white registered a total of 2.8 mb. The Philippines was the top destination for wheat off of the west coast, taking 3.2 mb, and China took on 7.5 mb of soybeans. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.