USW of FacebookUSW on TwitterUSW on YouTube
March 27, 2015
  • Futures closed lower this week on poor export demand for U.S. supplies and abundant global stocks. Improved crop condition ratings in several key winter wheat states and production forecasts in Ukraine and Canada also pressured markets. A weaker U.S. dollar and concerns around dry conditions in the U.S. Plains limited losses. The CBOT May contract lost 22 cents this week to close at $5.08/bu. KCBT dropped 17 cents to $5.53/bu and MGEX fell 14 cents to $5.75/bu. CBOT May corn added 6 cents to $3.91/bu and CBOT soybeans lost 7 cents to $9.67/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.
  • According to UkrAgroConsult, Ukraine's 2015 wheat harvest will fall to 20.6 MMT from 22.5 MMT in 2014 due to unfavorable weather during fall planting and a smaller planted area.
  • Grain marketing company CWB projects 2015/16 Canadian production will fall to 28.7 MMT, down from 29.3 MMT in 2014/15 due to lower predicted yields.
  • USDA reported total export sales of 102,341 metric tons for the week ended March 19, a marketing year low and below analysts’ expectations for 200,000 to 400,000 metric tons. Total sales for 2014/15 are 22.7 MMT, 24% lower than last year’s sales to date of 29.9 MMT. USDA forecasts 2014/15 U.S. wheat exports (including donations) to reach 24.5 MMT.
  • The Baltic Panamax Index closed at 597 on Friday, down from 617 last week.
  • The US Dollar Index closed at 97.44 this week, down from 98.16 last Friday.

File Name
PR 150327.pdf
2008-2013 U.S. Wheat Associates. All Rights Reserved
CCBot/2.0 (http://commoncrawl.org/faq/) - Is Mobile: Privacy Policy | Non-Discrimination Statementfalse