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                                                      October 19, 2021
                                                                  
                                   Portland Price Trends
                 10-01-20    01-01-20    09-01-21    10-12-21   10-19-21
#1 SWW (bu)         5.70        6.65       10.85       10.55      10.55
White Club          6.05        6.65       12.85       12.55      12.55
DNS 14%             6.53        7.14       10.34       10.80      10.94
HRW 11.5%           6.46        7.38        8.64        9.00       9.09
#2 Corn (ton)     168.00      211.00      242.00      248.00     252.00
#2 Barley         130.00      145.00      240.00      240.00     240.00

   Wheat...West coast wheat markets showed white wheat prices steady as
the week got underway, while hard red winter and spring wheat bids moved
higher on strength in the underlying futures.  Exporter bids also show
premiums of $1 per bushel or more being paid for low protein soft white.
   Shipments...USDA reported a marketing year low for US wheat shipments
last week, coming in at just 5.1 mb to put year-to-date loadings at 343
mb and 12% behind a year ago.  Hard red winter shipped a total of 3.5 mb
off all US ports while both hard red spring and soft white saw loadings
come to a virtual standstill, with less than a million bushel shippped.
South Korea and Taiwan were the only takes off the west coast.
   Crop Progress...Cooler weather and recent moisture encouraged further
winter wheat planting across the PNW last week. Washington and Idaho are
both showing progress above 90% with average emergence, while Oregon is
lagging the average pace and emergence 10% below the 5-year average.
    
                                   -Norm Ruhoff  Contributing Analyst

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