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                                                       September 17, 2019
                                                                  
                                   Portland Price Trends
                 09-01-18    01-01-19    08-01-19    09-10-19   09-17-19
#1 SWW (bu)         6.05        6.15        5.90        5.80       5.83
White Club          6.05        6.15        5.90        5.80       5.83
DNS 14%             6.84        6.59        5.98        5.79       5.98
HRW 11.5%           6.53        6.39        5.36        5.29       5.33
#2 Corn (ton)     156.00      168.00      170.00      157.00     165.00
#2 Barley         140.00      140.00      140.00      140.00     140.00

   Wheat...West coast wheat market reflected the recent rebound in wheat
futures, as cash prices are holding week-to-week improvements.  Hard red
spring continues to see slightly firmer basis levels but stands 30 cents
under the 10-year average for mid-September.
   Shipments...Weekly export inspections showed a modest uptick in the
pace of export loadings for U.S. wheat over the past week, coming in at
16.8 mb to put the total at 274 mb and 22% ahead of a year ago. Hard red
winter was top shipper with 8.6 mb, with both soft red and soft white at
the 3.5 mb mark.  Hard red spring registered 1.3 mb.  Top destinations
off the west coast were Sri Lanka and South Korea; both near 2 mb.
   Crop Progress...Intermittment rain showers are holding the Washington
spring wheat harvest at bay, with progress at 70% complete versus average
of 97% while Idaho is near the average pace at 94% complete. Winter wheat
plantings are underway across the Pacific Northwest with Idaho going in
near the average pace at 13%, Oregon is nearly double the early pace with
14% planted and Washington is about 10% behind with about a third of the
crop in the ground.
                                      -Norm Ruhoff  Contributing Analyst

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