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 market which has seen decent grower/shipper movement on the flat price rally. The spring wheat domestic and PNW export market are unable to load cars due to the big snow storm and poor railroad performance has trains stranded. You saw how poor PNW inspections were last week and exporters say loaded trains have sat for a week or more waiting on power & there were no cars on the domestic spot market today.

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