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                                                       March 26, 2019
                                                                  
                                   Portland Price Trends
                 03-01-18    08-01-18    02-01-19    03-19-19   03-26-19
#1 SWW (bu)         5.78        6.05        6.52        5.95       5.95
White Club          5.78        6.05        6.52        5.95       5.95
DNS 14%             7.64        7.08        6.79        6.80       6.86
HRW 11.5%           6.83        6.89        6.59        6.11       6.23
#2 Corn (ton)     173.00      160.00      169.00      187.00     186.00
#2 Barley         150.00      140.00      140.00      140.00     140.00

   Wheat...A continued recovery in wheat futures bolstered west coast
wheat bids in early-week trade, especially for hard red winter and hard
red spring wheat. Protein wheat basis levels have strengthened over the
past two weeks, while white wheat basis has turned defensive; standing
nearly 30 cents below recent highs.  
   Shipments...Weekly export inspections showed a good week of loadings
for hard red winter, putting the total for all wheat at 12.5 mb for the
week.  Year-to-date shipments now stand at 692 mb and stand 3% behind a
year ago.  Hard red winter accounted for two-thirds of the overall total
with 8.1 mb, followed by hard red spring with 2.3 mb.  Soft white wheat
shipments came to a standstill with just 400,000 bushels shipped. Japan
and Taiwan were top destinations off the west coast with 1.8 mb each. 
 
                                   -Norm Ruhoff  Contributing Analyst

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