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February 24, 2006

Highlights
Futures continue to rise on funds and fundamentals
Producers are locking in new crop contracts
Bases down across classes
Egyptian GASC bought all French wheat, despite white wheat being competitively priced
Did not affect white wheat (PNW) values
Not much old crop around, new crop values are close to the loan rate, farmers are waiting to sell
Barges rates 20% below 2 weeks ago


(See attached file: PR060224.xls)(See attached file: PR060224.pdf)

File Name
PR060224.xls
PR060224.pdf
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