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November 24 2015
                                   Portland Price Trends
                 11-01-14    01-01-15    10-01-15    11-17-15    11-24-15
#1 SWW (bu)         7.02        6.97        5.80        5.43        5.50
White Club          9.97        9.47        7.60        6.68        6.75
DNS 14%             9.27        8.27        6.71        6.43        6.49
HRW 11.5%           7.62        7.31        6.27        5.76        5.72
#2 Corn (ton)     190.00      195.00      168.00      159.00      161.00
#2 Barley         150.00      170.00      155.00      150.00      150.00

   Wheat...The holiday-shortened trading week saw west coast wheat markets
slipping against lower futures markets today.  Front side markets on the red
wheats remain somewhat defensive, with several exporters not posting bids on
spot delivery and paring back basis levels.  Premiums continue to be posted
for maximum 10.5% protein on soft white and club wheat. 
   Shipments...Weekly export inspections showed another relatively slow week
of wheat movement off US ports, coming in about on par with last week at 9.9
mb.  Top shipper for the week was soft white wheat, coming in at 2.9 mb, and
going to Taiwan, South Korea and Japan. Hard red winter registered a total of
2.8 mb.  Overall US wheat shipments stand at 365 mb and 16% behind last year.
   Crop Progress...Recent moisture across the Pacific Northwest has improved 
winter wheat conditions, most notably for Oregon which saw good to excellent
gain a point from last week to 15% and poor to very poor decline 3 points to
15%.  Washington dropped 3 points to 38% good to excellent, while Idaho held
steady at 66%.  Montana was also unchanged at 73% good to excellent.

                                         -Norm Ruhoff  Contributing Analyst

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