May 7, 2026
                                                                  
                                   Portland Price Trends
                 05-01-25    08-01-25    04-01-26    04-30-26   05-07-26
#1 SWW (bus)        6.25        6.15        6.20        6.30       6.15
White Club          6.40        6.30        6.55        6.65       6.50
DNS 14%             6.60        6.41        7.12        7.66       7.35
HRW 11.5%           5.62        5.88        6.64        7.33       7.08         
      
#2 Corn (ton)     218.00      190.00      204.00      209.00     206.00
#2 Barley         170.00      170.00      160.00      160.00     160.00
 
   Wheat...Confirmation of sizeable soft white wheat new crop sales gave
that market better footing this week, as spot basis levels strengthened 
by nearly 20 cents against Chicago week-on-week. Protein wheat bids were 
more reflective of the retreat across the futures complex, but all three
classes of wheat were posting flat bids into August. Warm and dry weather
remains in the extended forecast for the Pacific Northwest and which may 
lead to further declines in winter wheat conditions.  
   Weekly Sales...USDA revealed total wheat export demand of just under
10 million bushels for both old and new crop positions last week. Old
crop sales of 2.9 million bushels were split mostly between red spring
and winter wheat, putting commitments at 910 million, 16% ahead of a
year ago and 19% above the five-year average pace. New crop sales came
in at 6.8 million bushels with 3.2 million of that being white wheat.
New crop commitments of 61 million bushels are running 34% behind last
year at this time.
                                  - Norm Ruhoff  Contributing Analyst

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