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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Australian Bureau of Statistics cuts 2016/17 Wheat Crop to 30.4 million MT

ABS released updated crop production estimates for 2016/17 marketing year lowering wheat production to 30.4 million MT, 3.0 million MT below USDA.  ABS also reduced 2015/16 wheat production 400 thousand tonnes to 21.9 million MT, compared to USDA’s 22.28 million MT.  USDA will have to adjust its 2017/18 Australian wheat export forecast in its January…

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