USW of FacebookUSW on TwitterUSW on YouTube
September 18, 2009

(See attached file: PR 090918.pdf)(See attached file: PR 090918.xls)
  • Futures traded mixed this week. Frost concerns for fall crops caused a rally on Tuesday, but a reduced threat of frost, a global wheat surplus, and profit taking from Tuesday’s rally put pressure back on prices. CBOT December contracts were down 10 cents on the week, closing at $4.57/bu, while KCBT December contracts were down 5 cents. MGEX futures markets finished higher, with December contracts up 2 cents to close at $4.96/bu. Soybeans were up 35 cents on the week, closing at $9.45/bu, while corn was down 2 cents, closing at $3.18/bu.
  • Informa Economics released their 2010 Winter Wheat Acreage Prospects report this week, projecting a 3% decline in 2010 total winter wheat plantings. They estimate total planted acres at 41.6 million, including 30.2 million acres of HRW, 7.7 million SRW, and 3.7 million winter white.
  • Brazil’s agriculture ministry announced that they would start testing vomitoxin levels in U.S. wheat. Wheat futures responded with a drop in prices based on concerns that the news could slow U.S. exports. Brazil’s current tolerance level of vomitoxin in wheat is 2ppm.
  • Freight indices remained relatively stable this week. The Baltic Panamax Index finished 17 points higher on the week, closing at 2,572. Maritime Research’s General Freight Index closed at 471.3, up slightly from 471.1 last week.
  • The dollar ICE index dropped further this week to 76.46, which is down from 76.68 last week. The index reached its lowest point on the year, reaching 76.18 on Thursday.

File Name
PR 090918.pdf
PR 090918.xls
2008-2013 U.S. Wheat Associates. All Rights Reserved
CCBot/2.0 ( - Is Mobile: Privacy Policy | Non-Discrimination Statementfalse