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January 2, 2015
  • U.S. wheat futures fell this week due to weak export demand and a stronger U.S. dollar. Waning concern surrounding possible export limitations in Russia also pushed markets lower. A sale of U.S. wheat to Iraq supported futures early in the week. CBOT March wheat fell 51 cents since December 19 to $5.81/bu. KCBT fell 49 cents in two weeks to $6.17/bu and MGEX dropped 37 cents to $6.11/bu. CBOT March corn lost 15 cents in two weeks to $3.96/bu and January soybeans dropped 28 cents to $10.03/bu.
  • Current HRS price indications are for Northern Spring only. Premiums for Dark Northern Spring will vary. SRW indications are for a minimum falling number of 250. Higher minimum specifications will carry a premium.
  • Spring wheat basis softened due to lower freight costs and better railroad performance.
  • Weekly U.S. wheat sales of 293,100 and 354,100 metric tons the last two weeks, respectively, were both near the low end of trade expectations.
  • The Baltic Panamax Index closed at 827 on Friday, down from 907 on December 19.
  • The US Dollar Index closed at 91.13 on Friday, up from 89.83 two weeks ago.

File Name
PR 150102.pdf
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