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                                                           August 30, 2016
                                   Portland Price Trends
                 08-01-15    01-01-16    07-01-16    08-23-16    08-23-16
#1 SWW (bu)         5.70        5.35        5.05        4.95        4.65
White Club          6.45        6.60        5.05        5.05        4.75
DNS 14%             6.22        6.17        6.00        6.26        5.96
HRW 11.5%           5.64        5.60        4.82        5.23        4.87
#2 Corn (ton)     160.00      154.00      163.00      159.00      153.00
#2 Barley         159.00      150.00      140.00      130.00      125.00

   Wheat...A move to ten-year lows across Chicago wheat futures pressured
west coast white wheat prices lower in early-week trade, closing today at
$4.70 and the lowest since June 2010.  Carries remain relatively flat for
the next 90 days across the wheat complex, and the recent retreat in hard 
red winter price levels has triggered LDP payments in many areas.
   Shipments...Weekly export inspections showed total U.S. wheat shipments
held in-line with a week ago, coming in near the 19 mb mark to put current
year loadings 26% ahead of last year at 238 mb.  Top shipper for the week
was hard red spring with 7.6 mb, followed closely by hard red winter with
7.6 mb.  Soft white loaded 2.3 mb off the PNW.  Big taker for the week was
the Philippines with 5.1 mb. Guatemala, China and Thailand were the other
notable destinations.
   Crop Progress...With winter wheat harvest virtually, Pacific Northwest
harvest progress has shifted to completion of the spring cereal and pulse
crop harvest.  Overall progress is hovering slightly ahead of the average
pace, with some push being noted ahead of a weather front moving in over
this coming weekend. Up-country storage remains tight against good yields
and slow farmer selling at current 
                                     -Norm Ruhoff  Extension Economist
               University of Idaho  CALS-AERS

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