The State We're In: Wheat prices rise

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Articles - January 2011
Thursday, December 16, 2010
By research editor Brandon Sawyer

In August, after Russia halted wheat exports due to severe drought, cash bids jumped for wheat shipped through Portland. November bids for high-protein spring wheat averaged $10.60 a bushel, while soft white wheat reached $6.29, both rising 34% over last year’s price. The value of 2009’s harvest was $223.6 million, a 35% decrease from 2008 due to lower prices and a smaller crop. Oregon has been planting more wheat, increasing production 20% in 2010.

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All "latest" numbers are for October 2010 unless otherwise noted. Latest Month Previous Month Previous Year Annual Change
EMPLOYMENT/BUSINESS LISTINGS
Total employment State of Oregon, thousands 1,789.7 1,783.7 1,745.2 2.6%
Total unemployment State of Oregon, thousands 196.2 194.6 200.9 -2.3%
Unemployment rate Ore. civilian labor force, seasonally adjusted 10.5% 10.5% 10.9% -0.4
Portland/Vancouver MSA; Employed Seven counties, thousands 1,068.6 1,061.2 1,042.8 2.5%
Portland/Vancouver MSA; Unemployment rate, seasonally adjusted 10.4% 10.5% 11.1% -0.7
Bend MSA; Employed Deschutes County, thousands 68.7 69.8 68.6 0.2%
Bend MSA; Unemployment rate, seasonally adjusted 15.3% 15.4% 15.4% -0.1
Corvallis MSA; Employed Benton County, thousands 41.1 39.7 40.1 2.5%
Corvallis MSA; Unemployment rate, seasonally adjusted 7.2% 7.1% 7.8% -0.6
Eugene/Springfield MSA; Employed Lane County, thousands 165.2 161.8 159.7 3.4%
Eugene/Springfield MSA; Unemployment rate, seasonally adjusted 11.1% 11.0% 12.1% -1.0
Medford/Ashland MSA; Employed Jackson County, thousands 93.2 92.3 89.9 3.7%
Medford/Ashland MSA; Unemployment rate, seasonally adjusted 13.3% 13.4% 13.2% 0.1
Salem MSA; Employed Marion and Polk counties, thousands 181.2 183.1 177.5 2.1%
Salem MSA; Unemployment rate, seasonally adjusted 11.1% 11.0% 11.1% 0.0
The Coast; Employed Five counties, thousands 85.0 86.2 84.7 0.3%
The Coast; Unemployment rate 10.5% 9.8% 10.1% 0.4
Central Oregon; Employed Eight counties, thousands 114.2 116.3 113.0 1.0%
Central Oregon; Unemployment rate 12.1% 11.7% 12.1% 0.0
Eastern Oregon; Employed Nine counties, thousands 87.6 88.4 84.3 3.9%
Eastern Oregon; Unemployment rate 8.7% 8.7% 8.9% -0.2
Help wanted ad count The Oregonian, Portland (November) 1,029 1,507 1,470 -30.0%
Help wanted ad count The Bulletin, Bend (November) 800 867 897 -10.8%
Oregon online job vacancies, total ads in thousands (November) 57.3 56.4 44.2 29.6%
Portland online job vacancies, total ads in thousands (November) 39.4 40.2 30.7 28.3%
New business corporations New filings 712 664 766 -7.0%
Limited liability companies New filings 1,831 1,712 1,930 -5.1%
Business bankruptcies New filings (November) 47 45 36 30.6%
Non-business bankruptcies New filings (November) 1,373 1,566 1,456 -5.7%
TRANSPORTATION
Trucking Weight-mile tax receipts, millions $20.1 $18.2 $22.4 -10.0%
Shipping Port of Portland, total containers load and discharge 15,735 18,977 13,406 17.4%
Shipping Port of Portland, number of calls by oceangoing vessels 49 49 40 22.5%
Airline travel, PDX Passengers, thousands 1,114.7 1,128.6 1,056.8 5.5%
Airline travel, Eugene Passengers, thousands 67.3 69.0 60.7 11.0%
Airline travel, Medford Passengers, thousands 55.2 55.1 52.0 6.3%
Airline travel, Redmond Passengers, thousands 38.2 38.6 37.2 2.6%
REAL ESTATE/CONSTRUCTION PERMITS
Portland-area homes New listings 3,119 3,549 3,443 -9.4%
Willamette Valley Multiple listing sales, millions $82.4 $84.2 $122.8 -32.9%
Central Oregon Multiple listing sales, millions $94.0 $101.8 $125.5 -25.1%
New Oregon single-family home permits 413 505 483 -14.5%
New Oregon multiple-housing unit permits 81 63 200 -59.5%
FARMING/NATURAL RESOURCES/ENERGY
Wheat price No.1 soft white, at Portland, per bushel (November) $6.29 $6.00 $4.89 28.6%
All farm products Farm price index (1990-1992=100%) (November) 149 141 135 10.4%
All crops Farm price index (1990-1992=100%) (November) 153 142 142 7.7%
Livestock Farm price index (1990-1992=100%) (November) 139 138 118 17.8%
Lumber price from Random Lengths Publications, framing composite (November) $275 $255 $245 12.2%
Lumber production Coast, inland and California redwood regions, Western softwood, million board feet 968 966 997 -2.9%
Power PGE, weather-adjusted, million kilowatt-hours (November) 1,562.4 1,469.2 1,513.6 3.2%

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