USW of FacebookUSW on TwitterUSW on YouTube
July 31, 2015
  • Wheat futures closed lower for the fourth consecutive week. Seasonal harvest pressure and excellent spring wheat prospects, which will add to ample world supply, drove markets lower. Weakness in corn futures and weak export demand for U.S. wheat supplies also pressured wheat contracts. A slightly softer U.S. Dollar Index helped limit losses. CBOT September wheat fell 13 cents to close at $4.99/bu. KCBT dropped 15 cents to $4.92/bu and MGEX lost 18 cents to end the week at $5.27/bu. CBOT September corn declined 22 cents to $3.71/bu and CBOT August soybeans fell 11 cents to $9.81/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.
  • In its weekly crop progress update, USDA reported winter wheat harvest as 85% complete as of July 26, up 10% from the previous week and ahead of the 5-year average of 80%. As spring wheat harvest begins, USDA again upgraded the spring crop condition rating. As of July 26, 71% of the spring wheat crop was in good or excellent condition, up 1% from both the prior week and the prior year.
  • According to USDA’s weekly Export Sales Report, net sales of 699,400 metric tons exceeded trade expectations of 400,000 to 600,000 metric tons. However, total known exports and outstanding sales for delivery in 2015/remain 21% below last year’s sales-to-date at 7.69 MMT.
  • The Baltic Panamax Index closed at 1,023 on Friday, down from 1,137 last week.
  • The US Dollar Index closed at 96.97, down from 97.35 last Friday.

File Name
PR 150731.pdf
2008-2013 U.S. Wheat Associates. All Rights Reserved
CCBot/2.0 (http://commoncrawl.org/faq/) - Is Mobile: Privacy Policy | Non-Discrimination Statementfalse