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April 15, 2014
                                                                  
                                   Portland Price Trends
                 04-01-13    08-01-13    03-01-14    04-08-14    04-15-14
#1 SWW (bu)         7.95        7.40        7.35        7.65        7.86
White Club          7.95        7.40        8.05        8.15        8.36
HRS 14%             9.18        8.47        8.69        8.78        8.73
HRW 11.5%           8.57        8.20        8.63        8.71        8.86
#2 Corn (ton)     274.00      260.00      195.00      225.00      222.00
#2 Barley         230.00      210.00      165.00      180.00      185.00

   Wheat...West coast wheat prices surged higher in early-week trade, as
bids tagged along with higher futures markets. Soft white wheat basis was
mostly steady in the nearby positions, posted at 85 over the Chicago May,
while new crop August at about 40 over placed flat price at $7.60.  Spot
basis on springs and winter remained defensive, with new crop unchanged.
   Shipments...Weekly export inpsections revealed another solid week for
wheat movement off the west coast.  Soft white wheat registered a total
of 4.4 mb, with Indonesia being the notable destination.  Shipments for
hard red spring also jumped to nearly 8 mb for the week off all ports.
   Crop Progress...Winter wheat ratings across the PNW showed the three
state index drifting a bit lower this week, mostly on the shoulders of a
weaker rating in WA.  Good to excellent for WA slipped 4 points to 35%,
with poor to very poor gaining 4 points to 20%;  OR gained 4 points in
good to excellent at 47%; with ID up 10 points to 88%.

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