December 31, 2024
                                                                  
                                   Portland Price Trends
                 12-01-23    01-01-24    11-01-24    12-24-24   12-31-24
#1 SWW (bus)        6.80        6.65        6.00        5.90       5.90
White Club          7.30        7.15        6.15        6.05       6.05
DNS 14%             8.12        8.03        6.75        6.65       6.71
HRW 11.5%           7.02        6.97        6.42        6.20       6.33
#2 Corn (ton)     228.00      232.00      209.00      216.00     218.00
#2 Barley         180.00      180.00      150.00      150.00     150.00
 
   Wheat...West coast wheat markets remained in a quiet holiday mode, with
protein wheat prices seeing modest advances and white wheat holding steady
in early-week trade. White wheat basis was a bit defensive as the nearby
spread to Chicago has weakened over the past week. 
   Shipments...Weekly export inspections revealed an expected slowed pace
of export loadings over the holiday week, with total wheat loadings coming
in at 12.4 million bushels. Year-to-date shipments now stand at 451 million
bushels, which is 27% ahead of a year ago.  Hard red spring was top shipper
with 4.4 million bushels, followed closely by white wheat with 4.1 million,
and hard red winter registered 2.2 million bushels.  West coast exporters
loaded 6.1 million bushels of wheat that went mostly to Thailand and South 
Korea, along with 9.6 million bushels of corn and 10 million of soybeans.
   Price Performance...Marketing year-to-date white wheat prices delivered
to Portland are averaging $5.96 per bushel, down 14% from the same period a
year ago.  Hard red winter is averaging $6.21, down 17%, and dark northern
spring is averaging $6.81 which is 20% below the same period a year ago.
      
                                    - Norm Ruhoff  Contributing Analyst

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