Portland Grain Review 11/22

November 22, 2022 Portland Price Trends 11-01-21 01-01-22 10-01-22 11-15-22 11-22-22 #1 SWW (bu) 10.60 10.70 9.30 8.95 8.85 White Club 12.60 12.45 9.80 9.45 9.35 DNS 14% 11.72 10.78 10.56 10.54 10.34 HRW 11.5% 9.60 9.81 11.09 10.83 10.35 #2 Corn (ton) 258.00 274.00 303.00 300.00 297.00 #2 Barley 240.00 240.00 240.00 250.00 250.00 Wheat...West coast white wheat markets continued to show some strength against Chicago futures in early week trade, as spot basis moved back to nearly 90 cents over. Limited farmer selling interest and recent export demand remain supportive. Gains in Minneapolis futures relative to KC have also brought dark northern red spring and hard red winter cash bids back to even money. Shipments...Weekly export inspections showed a modest improvement for shipments of U.S. wheat last week, with soybeans continuing to be the big mover off the west coast. Total wheat loadings were at 10.2 mb over the past week, putting the year-to-date total 2% behind a year ago at 377 mb. West coast port activity showed 2.9 mb of wheat going to Yemen and 27 mb of soybeans lifted for China. Crop Progress...PNW winter wheat conditions held mostly in-line with a week ago and while overall ratings are lower than a year ago, emergence remains good. Idaho saw good to excellent slip 3 points to 38%, Oregon slipped 2 points to 71% and Washington dropped 1% to 60%. Forecasts show snowfall is expected through the holiday weekend in the northern portions of Washington and Idaho. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.