Portland Grain Review 11/15

November 15, 2022 Portland Price Trends 11-01-21 01-01-22 10-01-22 11-08-22 11-15-22 #1 SWW (bu) 10.60 10.70 9.30 9.05 9.00 White Club 12.60 12.45 9.80 9.55 9.50 DNS 14% 11.72 10.78 10.56 10.37 10.54 HRW 11.5% 9.60 9.81 11.09 10.74 10.83 #2 Corn (ton) 258.00 274.00 303.00 302.00 300.00 #2 Barley 240.00 240.00 240.00 250.00 250.00 Wheat...White wheat markets displayed some resilience in early week trade, as the nearby basis to Chicago continued to strengthen and cash bids held near the $9 mark. Support stems from the recent improved pace of export demand over the past three weeks. Shipments...West coast export activity remains focused on loading of soybeans to accommodate restricted movements on the Mississippi to the Gulf. Wheat shipments off all U.S. ports were only 2.8 mb, putting the year-to-date total at 363 mb and 4% behind a year ago. Soybean movement to China registered 22 mb off the west coast and nearly the same amount loaded out of the Gulf. Crop Progress...Week-to-week winter wheat conditions were virtually unchanged for the Pacific Northwest, with Idaho ratings lagging average levels this year. Oregon reports 73% of the crop as good to excellent, Washington is at 61%, and Idaho is setting at just 41% with 52% of that crop rated as fair. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.