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                                                      December 7, 2021
                                                                  
                                   Portland Price Trends
                 12-01-20    01-01-20    11-01-21    11-30-21   12-07-21
#1 SWW (bu)         6.35        6.65       10.60       10.75      10.75
White Club          6.60        6.65       12.60       12.75      12.75
DNS 14%             6.59        7.14       11.72       11.20      11.40
HRW 11.5%           6.69        7.38        9.60        9.87       9.88
#2 Corn (ton)     193.00      211.00      277.00      268.00     275.00
#2 Barley         135.00      145.00      240.00      240.00     240.00

   Wheat..With the exception of hard red spring, west coast wheat prices
reflected mostly sideways trade over the past week.  Nearby basis levels 
for white wheat are hovering in the 275 over range, which sets about 10
cents below recent highs, while basis is holding steady for the protein
wheats.  The Pacific Northwest is seeing the first measurable snowfall
of the year this week, providing some snow cover ahead of cool weather.
   Shipments..Soybeans continue to be the big mover off west coast ports,
as total wheat shipments were less than 10 mb last week across all ports.
Year-to-date shipments now stand 17% behind a year ago at 409 mb.  Hard
red winter was the top shipper with 3.8 mb, followed by hard red spring
and white wheat with 2 mb each.  South Korea was the top destination off
the west coast with 2.7 mb, followed by Guatemala with 1.7 mb.
   
                                    -Norm Ruhoff  Contributing Analyst

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