Portland Grain Review 11/29

November 29, 2022 Portland Price Trends 11-01-21 01-01-22 10-01-22 11-22-22 11-29-22 #1 SWW (bu) 10.60 10.70 9.30 8.85 8.75 White Club 12.60 12.45 9.80 9.35 9.25 DNS 14% 11.72 10.78 10.56 10.34 10.15 HRW 11.5% 9.60 9.81 11.09 10.35 10.06 #2 Corn (ton) 258.00 274.00 303.00 297.00 300.00 #2 Barley 240.00 240.00 240.00 250.00 250.00 Wheat...West coast white wheat markets continued to hold mostly steady in early week trade, as basis levels have strengthened against the recent retreat in Chicago futures. Bids on hard red winter and spring wheat were more reflective of declines in the underlying futures, as spot bids moved toward the low end of a three month trading range. Shipments...Weekly export inpsections showed that wheat shipments off the west coast remained at a virtual standstill last week, with exporter efforts focused on soybeans. Overall U.S. wheat shipments came in at 7.2 mb, putting the marketing year total at 385 mb and 3% behind a year ago. West coast ports loaded 17 mb of soybeans for China last week. Crop Progress...Pacific Northwest winter wheat growing regions are in the midst of an arctic blast, ushering in extreme cold temperatures this week. The sharp temperature declines were preceded by snowfall and more snow is expected through mid-week. -Norm Ruhoff Contributing Analyst Copyright 2022 DTN/Telvent. All Rights Reserved.