April 20, 2021
                                                                  
                                   Portland Price Trends
                 04-01-20    08-01-20    03-01-21    04-13-21   04-20-21
#1 SWW (bu)         6.10        5.60        7.60        6.85       7.30
White Club          7.60        6.00        7.60        6.85       7.30
DNS 14%             7.04        6.21        7.33        7.47       7.71
HRW 11.5%           6.30        5.71        7.48        7.06       7.45
#2 Corn (ton)     155.00      151.00      221.00      240.00     254.00
#2 Barley         130.00      130.00      170.00      180.00     170.00

   Wheat...West coast wheat markets saw solid week-to-week gains across
all classes of wheat, following a rebound in respective futures.  White
wheat continued to build on strength from last week, supported by light
farm selling and declining crop conditions. Protein wheats also started
the week markedly higher.
   Crop Progress...USDA reported the three-state weighted winter wheat
index declined over the past week, slipping 3% to 96% of normal as dry
weather impacted the Oregon and Washington crops.  Ratings for Oregon
showed good to excellent dropping 10% to 55% with poor to very poor up
to nearly 10%.  Washington dropped 7% out of good to excellent and sets 
at 67%, while Idaho gained 2% to 55%.
   Shipments..Weekly export inpsections showed a marked improvement for
U.S. wheat loadings last week, coming in at 22.5 mb to put the total at
809 mb and slightly ahead of a year ago. Soft white was the top shipper
at 6.8 mb, going mostly to the Philippines, Thailand and China off west
coast ports.      
                                 -Norm Ruhoff  Contributing Analyst

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