April 15, 2025
                                                                  
                                   Portland Price Trends
                 04-01-24    08-01-24    03-01-25    04-08-25   04-15-25
#1 SWW (bus)        5.65        5.65        6.15        6.20       6.20
White Club          5.65        5.65        6.30        6.35       6.35
DNS 14%             7.30        6.58        6.56        6.66       6.73
HRW 11.5%           6.50        6.04        6.02        6.05       5.97
#2 Corn (ton)     220.00      199.00      212.00      216.00     217.00
#2 Barley         155.00      150.00      170.00      170.00     170.00
 
   Wheat...West coast wheat markets saw white wheat prices move mostly
sideways in early-week trade, with hard red winter and red spring bids
tailing lower against their respective futures markets. New crop August 
bids on Tuesday showed white wheat at $6.25, hard red winter 11.5% pro
at $6.07 and dark northern spring 14% protein at $6.95.
   Crop Progress...Winter wheat conditions across the Pacific Northwest 
showed a modest improvement over the past week, as gains in Washington
helped offset declines in Oregon.  Good to excellent ratings for Idaho
slipped a point to 68%, while Oregon saw an 11% decline to 49% due to
warmer and drier weather with heavy wind. Ratings for Washington saw a 
4 point improvement to 69% good to excellent. 
   Shipments...Weekly export inspections showed a marked increase for
U.S. wheat shipments last week, coming in at 22 million bushels to put
year-to-date loadings at 672 million bushels and 14% ahead of a year
ago.  Hard red winter was the top mover with 8.3 million bushels with
hard red spring registering 5 million and white wheat at 2.8 million. 
West coast exporters shipped a total of 8.5 million bushels of wheat,
mostly to Japan, along with 23 million bushels of corn.
   
                                   - Norm Ruhoff  Contributing Analyst

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