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June 25, 2015
                                                                  
                                   Portland Price Trends
                 06-01-14    08-01-14    05-01-15    06-18-15    06-25-15
#1 SWW (bu)         7.21        6.92        6.20        6.00        6.35
White Club          7.71        8.17        7.70        6.75        7.10
HRS 14%             8.37        8.31        7.33        7.14        7.52
HRW 11.5%           7.99        7.62        6.07        5.98        6.28
#2 Corn (ton)     208.00      185.00      162.00      162.00      168.00
#2 Barley         185.00      175.00      150.00      150.00      150.00

   Wheat..West coast wheat markets saw a good week of gains following the
setback last week, as bids generally followed strength across the futures
complex.  Basis levels were somewhat defensive as demand remains light. A
warm front bringing triple-digit temps to areas of the PNW growing region
is expected to move in through the weekend into next week, coming on the
heels of a two week dry spell.
   Weekly Sales..USDA showed an improved week of demand for US wheat with
numbers coming in at 16 mb and near the high end of expectations. Current
year totals now stand at 201 mb and 25% behind last year. Hard red spring
was the top seller with 6 mb, followed by hard red winter at 5 mb. Taiwan,
Mexico and Japan accounted for 10 mb of the weekly total. White wheat saw
1.6 mb sold for the week, leaving the year-to-date tally at 35 mb and 21%
under last year at this time. Japan was in the market this week, covering
a total of 4.2 mb for their August requirements that included 3.2 mb from
the US and the remainder from Canada.
                                      -Norm Ruhoff  Contributing Analyst

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