March 27, 2026
                                                                  
                                   Portland Price Trends
                 03-01-25    08-01-25    02-01-26    03-20-26   03-27-26
#1 SWW (bus)        6.15        6.15        5.95        6.25       6.20
White Club          6.30        6.30        6.30        6.60       6.55
DNS 14%             6.56        6.41        6.56        7.07       7.18
HRW 11.5%           6.02        5.88        6.05        6.64       6.83         
      
#2 Corn (ton)     212.00      190.00      192.00      216.00     215.00
#2 Barley         170.00      170.00      160.00      160.00     160.00
 
   Wheat...A general rebound across the futures complex this week was met
with a defensive tone for west coast cash wheat bids, as nearby basis bids
weakened for all three classes of wheat but prices still edged higher by
Friday. Export demand did improve with lower prices over the past week and 
exporters continue to work on maintaining a competitive position for U.S.
wheat against global offers.
   Weekly Sales...USDA reported an improved pace of export demand for U.S.
wheat last week, with 14.6 million bushels in old crop sales along with 7.5
million for new crop. Year-to-date old crop commitments stand at 885 million
bushels which is 15% ahead of a year ago and 19% above average. Top seller
was hard red winter with 6.1 million bushels, putting sales at 312 million
bushels, which is 65% ahead of a year ago and 45% above average. Red spring
wheat booked 3.8 million bushels, putting commitments at 233 million which
is 4% below a year ago but 2% above average. White wheat secured 2.6 million
bushels in new sales and with 197 million in commitments, sets 5% behind a
year ago but 12% above the five-year average pace.
   Top Buyers...The Philippines was the top U.S. wheat buyers last week with
2.6 million bushels of old crop and 5 million of new crop, Taiwan bought 2.5
million bushels of old crop and 1.5 million of new crop, and Mexico held in
the top three again, buying 2.4 million bushels of old crop.

                                  - Norm Ruhoff  Contributing Analyst

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