June 11, 2026
                                                                  
                                   Portland Price Trends
                 06-01-25    08-01-25    05-01-26    06-04-26   06-11-26
#1 SWW (bus)        6.15        6.15        6.30        6.20       6.30
White Club          6.30        6.30        6.65        6.55       6.65
DNS 14%             6.97        6.41        7.64        6.81       6.81
HRW 11.5%           5.85        5.88        7.34        6.58       6.76         
    
#2 Corn (ton)     208.00      190.00      215.00      201.00     197.00
#2 Barley         170.00      170.00      160.00      165.00     165.00
 
   Wheat...West coast wheat prices found some support this week as futures
markets bounced from recent lows. USDA lowered U.S. wheat production with 
export demand unchanged, reducing stocks 18 million bushels from their May
estimate to 744 million bushels, which would be down 20% from last year.
White wheat basis also strengthened for the third week in a row. Warmer
weather is expected across the Pacific Northwest into next week, coming
on the heels of recent moisture and cooler weather.
   Weekly Sales...USDA rolled export sales data to the new marketing year,
reporting total sales of 24.5 million bushels of wheat which included 11 
million bushels of sales carried forward. New marketing year commitments
of 169 million bushels set 22% behind a year ago and 7% below the 5-year
average pace. Hard red winter shows 39 million bushels in sales, which is
54% behind a year ago and 25% below average. Soft wheat shows 46 million
bushels in commitments and is 12% behind a year ago and 9% below average.
Hard red spring shows sales of 50 million bushels, which is 12% below a
year ago and 9% below average. Mexico, Taiwan, the Philippines, Japan,
and Indonesia were the top buyers last week.

                                  - Norm Ruhoff  Contributing Analyst

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