June 25, 2026
                                                                  
                                   Portland Price Trends
                 06-01-25    08-01-25    05-01-26    06-18-26   06-25-26
#1 SWW (bus)        6.15        6.15        6.30        6.40       6.40
White Club          6.30        6.30        6.65        6.75       6.75
DNS 14%             6.97        6.41        7.64        6.86       6.59
HRW 11.5%           5.85        5.88        7.34        6.75       6.56         
    
#2 Corn (ton)     208.00      190.00      215.00      198.00     195.00
#2 Barley         170.00      170.00      160.00      165.00     165.00
 
   Wheat...Weekly export sales shed some light on the recent resilience
for west coast white wheat markets, revealing yet another good week of
export demand. Week on week price performance showed white wheat bids
held steady while hard red winter and red spring wheat prices posted
respective declines of 20 to 30 cents. Bid structures also flattened
out for all three classes of wheat this week.
   Weekly Sales...USDA reported a surge in U.S. wheat export demand as
the recent retreat in prices is attracting the interest of global buyers.
Total sales of 18.5 million bushels were spread across all the classes
of wheat, and year-to-date commitments of 202 million bushels stand 17%
behind a year ago and 3% below the five-year average pace. Bookings for
hard red winter were 5.1 million bushels and with 50 million bushels in
commitments, sets 46% behind a year ago and 18% below average. Hard red
spring secured 4.3 million bushels and with 59 million in commitments is
running 7% behind a year ago but 3% above average. White wheat also saw
4.3 million in new sales and with 56 million in commitments is setting
59% ahead of a year ago, 41% above average and the best start since the
2018/19 marketing year. Soft red winter booked 3.9 million bushels to
put commitments at 32 million, which is 26% below a year ago and 20% off
the average pace. Mexico, Japan, Bangladesh, Chile and South Korea were
the top buyers.
                               - Norm Ruhoff  Contributing Analyst

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