October 15, 2019
                                                                  
                                   Portland Price Trends
                 10-01-18    01-01-19    09-01-19    10-08-19   10-15-19
#1 SWW (bu)         6.15        6.15        5.70        6.05       6.10
White Club          6.15        6.15        5.70        6.45       6.60
DNS 14%             6.67        6.59        5.67        6.78       7.07
HRW 11.5%           6.36        6.39        5.20        5.60       5.76
#2 Corn (ton)     157.00      168.00      162.00      176.00     180.00
#2 Barley         140.00      140.00      140.00      150.00     150.00

   Wheat...West coast wheat prices held to the top end of recent trading
ranges as the week got underway, with firm basis levels being bolstered
by recent demand.  Hard red spring wheat broke above the $7 mark for the
first time in over a year and soft white is holding above $6. Carries are
also being posted for all classes of wheat.
   Shipments...Weekly export inspections showed another relatively steady
week of U.S. wheat loadings, coming in just under 17 mb to put the current
year total at 348 mb and 21% ahead of a year ago.  Hard red winter was the
top shipper at 6.2 mb, followed by hard red spring at 4.9 mb.  Soft white
also had a relatively strong week at 3.7 mb.  Top destinations off the PNW
ports were Japan with 3.1 mb, China with 2.3 mb and Indonesia with 1.9 mb.
   Crop Progress...USDA shows winter wheat planting progress lagging the
five-year pace for both Idaho and Washington, while Oregon is sets well-
above average. Idaho sets 10% behind average with 72% planted, Washington
is 5% behind at 79% sown, while Oregon sets 16% above average at 76% in.

                                       -Norm Ruhoff  Contributing Analyst

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