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

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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