Portland Grain Review 04/13

April 13, 2021 Portland Price Trends 04-01-20 08-01-20 03-01-21 04-06-21 04-13-21 #1 SWW (bu) 6.10 5.60 7.60 6.70 6.85 White Club 7.60 6.00 7.60 6.70 6.85 DNS 14% 7.04 6.21 7.33 7.13 7.47 HRW 11.5% 6.30 5.71 7.48 6.77 7.06 #2 Corn (ton) 155.00 151.00 221.00 239.00 240.00 #2 Barley 130.00 130.00 170.00 180.00 180.00 Wheat...West coast wheat prices were reflective of gains across the futures complex in early-week trade, with advances posted for all three classes. Old crop premiums to new crop continue to erode, with white wheat now even with new crop prices, hard red winter showing a premium to new crop and hard red spring at a carry to new crop months. Crop Progress...USDA reported the three-state weighted winter wheat index improved to 99% of average last week, coming mainly from a better assessment out of Washington. Good to excellent ratings for Washington jumped 12% to 74%, while Idaho ratings for that category slipped by 8% to 53% and Oregon was down 3% to 65%. Shipments...Weekly export inspections showed 16.8 mb of wheat moved off U.S. ports last week, which puts the year-to-date shipment totals slightly below a year ago. Top shippper was white wheat with 4.6 mb, followed by hard red spring at 4.5 mb and hard red winter registered a total of 4.2 mb. Top destination off PNW ports was the Philippines at 3.9 mb, with China and South Korea both taking 2.5 mb. -Norm Ruhoff Contributing Analyst Copyright 2021 DTN/Telvent. All Rights Reserved.