Recently Published

Commercial Sales - July 29, 2010
Commercial Sales - July 22, 2010
Harvest Report - July 23, 2010
Price Report - July 23, 2010
Wheat Letter - July 22, 2010
Harvest Report - July 16, 2010
Price Report - July 16, 2010
Commercial Sales - July 15, 2010

Information You Need
Throughout the year, wheat producers, buyers, and users can monitor critical information about the U.S. wheat crop and market conditions.

Every Friday afternoon (ET), U.S. Wheat Associates (USW) publishes a Price Report, compiled through information from numerous market sources, including U.S. wheat exporters of all classes from various U.S. ports (the prices reported are not intended to represent offers nor should importers of U.S. wheat rely upon them as such). The Price Report includes FOB and futures prices, and ocean freight and currency exchange rates. An interactive Charting Feature, allowing the user to track and compare prices and basis over time to improve risk management, is also provided.

USW also compiles and posts a Commercial Sales report every Thursday afternoon (ET) using USDA data. The Commercial Sales report tracks year-to-date and historic export sales for all six U.S. wheat classes.

Every month, within a few days after USDA releases its World Agricultural Supply and Demand Estimates report, USW updates and posts a Supply and Demand analysis of the global wheat market.

Wheat Harvest

USW provides weekly Harvest Reports on Fridays beginning when the U.S. wheat hard red winter and soft red winter harvest starts in late-May or June. There are reports for each class, including comments on crop conditions, harvest progress, and crop quality information as the data are compiled.

2009 Crop Quality Report

After the U.S. harvest is complete, USW publishes a detailed Crop Quality Report including data for all classes of U.S. wheat. The report provides information that can be very helpful to importers to specify their needs and get the best value in their purchase contracts. USW representatives share this data with buyers in person and at annual USW Crop Quality Seminars.

USW also publishes Wheat Letter every other Thursday, and an Annual Report to U.S. wheat producers. Click here to subscribe to Wheat Letter.

COMMERCIAL SALES

July 29, 2010

According to the U.S. Department of Agriculture's weekly Export Sales Report, total known outstanding sales and accumulated exports of all classes of wheat for the 2010/11 marketing year, through July 22, 2010 were 8.397 million metric tons (MMT), 34 percent greater than last year's year-to-date total of 6.289 MMT.

July 23, 2010

Adverse weather continues to be the driving factor in wheat prices. Futures fell early in the week because of profit taking following last week’s rally, but continued concerns over EU and Black Sea production pushed prices higher once again. CBOT nearbys reached their highest level since June 2009 on Thursday and gained 9 cents on the week, to $5.96/bu. KCBT nearbys were up 16 cents, to $6.15/bu, while MGEX nearbys closed at $6.28/bu, a 17-cent gain from a week ago. Corn prices fell this week due to favorable weather and steady crop conditions. CBOT corn was down 23 cents, closing at $3.71/bu. Soybeans lost 2 cents on the week, closing at $10.17/bu.