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                                                       April 26, 2018
                                                                  
                                   Portland Price Trends
                 04-01-17    08-01-17    03-01-18    04-17-18    04-26-18
#1 SWW (bu)         4.82        5.20        5.78        5.95        5.90
White Club          4.97        5.30        5.78        5.95        5.90
DNS 14%             6.66        8.38        7.64        7.55        7.43
HRW 11.5%           4.94        5.65        6.83        6.42        6.49
#2 Corn (ton)     160.00      148.00      173.00      179.00      181.00
#2 Barley         120.00      125.00      150.00      152.00      155.00

   Wheat...Confirmation of additional export demand over the past week was
a signal of continued exporter interest in west coast white wheat, with the
export trade continuing to push nearby basis levels.  Flat prices hovered
near the $6 level through the week, attracting modest farm selling interest.
Basis levels held mostly steady on all wheats through the week, with most of
the bids rolling to July futures.
   Weekly Sales...USDA reported a welcome rebound in export demand for U.S.
wheat over the past week, with sales coming in at more than double the four-
week average at 10.9 mb.  Year-to-date sales now stand at 855 mb; which is
16% behind a year ago and 10% under the five-year average pace.  Top seller
for the week was hard red spring wheat with 4 mb, putting current year sales
at 222 mb; 28% behind a year ago adn 15% below average.  White wheat saw a
solid rebound, registering 3.2 mb for the week to put total sales at 222 mb;
9% ahead of a year ago and 21% above average.  Hard red winter recorded 2.7
mb for the week and with 336 mb in commitments stands 21% behind a year ago
and 2% below average.
                                      -Norm Ruhoff  Contributing Analyst

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