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April 22, 2014
                                                                  
                                   Portland Price Trends
                 04-01-13    08-01-13    03-01-14    04-15-14    04-22-14
#1 SWW (bu)         7.95        7.40        7.35        7.86        7.60
White Club          7.95        7.40        8.05        8.36        8.10
HRS 14%             9.18        8.47        8.69        8.73        8.60
HRW 11.5%           8.57        8.20        8.63        8.86        8.51
#2 Corn (ton)     274.00      260.00      195.00      222.00      216.00
#2 Barley         230.00      210.00      165.00      185.00      185.00

   Wheat...West coast wheat markets stablized somewhat today after losing
ground against weaker futures coming out of the long weekend.  Trading on
both old and new crop positions has come to a standstill with lower bids.
White wheat basis is holding near 90 over for old crop and 40 over on new
crop August.  Protein wheats continue to see the old crop basis narrow in
on new crop. Beneficial rains are blanketing the PNW and are expected to
circulate across the region through the week.   
   Shipments...Weekly export inspections showed a solid week of shipments
off the west coast last week with soft white wheat registering a total of
5.1 mb.  Top destinations included Yemen, South Korea and the Philippines.
Hard red spring wheat recorded 3.6 mb in loadings, mostly off the PNW.
   Crop Progress..PNW winter wheat ratings showed the crop is stabilizing
somewhat, primarily in WA where a dry, cold winter inflicted damage. Good
to excellent for that state stands at 36%; OR stands at a 47%; with ID at
the 87% mark.

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