Category Archives: 2018

August 1, 2018

Cash markets today are just a repeat of recent days; growers are selling on the rally and there is no export or domestic demand for the nearby. Exporters, resellers and domestic mills are supporting the deferred cash markets, but everyone is plugged for August. There is not bid for August HRW trains at the gulf…

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July 10, 2018

Resellers/mills are saying it is easier to buy wheat from shippers this week & cash markets are starting to see a few more offers in the winter wheat markets. A few shippers are starting to think about making space as they finish harvest. This isn’t a lot of wheat, but since there isn’t a lot…

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The latest U.S. Drought Monitor indicated 33% of winter wheat production and 27% of spring wheat production is in an area impacted by drought. Source: http://droughtmonitor.unl.edu/CurrentMap.aspx

May 23, 2018

It’s rare to have the cash market and the futures market so strong, when in fact there is no demand. This is acting like a demand pull market, when it is all about supply. The US is rationing demand faster than it may be losing supply. Today’s headlines were: India increases the wheat import tariff…

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April 3, 2018

Today’s futures rally is not buying us any export business, but Russia wheat was up $3-$4/mt today & Matif was up $3-$4/mt as well, so no real damage. The cash markets were mixed as traders were cutting their HRW production estimates after USDA’s crop condition ratings yesterday PM, the gulf traded up 5+ ct/bu on…

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March 22, 2018

PNW exporters and Canadian exporters have seen an excellent run of business this week, but exporters at the gulf are not seeing any business despite the break in flat price. In fact they say “there are no consumptive buyers but there are no sellers either”, shippers/warehousemen are content to carry their wheat for the storage…

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March 6, 2018

The cash markets don’t have anyone pushing to buy wheat unless it is for nearby logistics. The HRW gulf bid/offer is called unchanged and the HRW domestic market saw mills bidding for April/May 5 ct/bu below the spot market. The SRW cif market was still looking for offers, but the bloom is off the domestic…

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