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Grain Information
 

Daily Blurb:

 
 

May 16, 2008

 
 
 
Wheat futures have been on both sides of unchanged so far this morning, with Chicago currently up 1c.    Pea & lentil markets remain steady with very little left to trade.

 

 
 

May 7, 2008

 
   
USDA will publicize their revised Supply & Demand report this coming Friday.  We could use some warmer weather and timely remains to help our PNW wheat crop.  Trading has been non-existent the past week with everyone concentrating on getting the spring seed in the ground.  The marketers are waiting to see if Pakistan will be coming in for a purchase.

 

May 12, 2008

 
 
News this morning is that Pakistan has increased its wheat import target to 2.5 million tonnes, which is up from 1.5 milion tonnes.  They are going to build up their strategic wheat reserves to counteract the high food prices in that country.  Russian farmers are selling off their grain stocks, which has caused a six-week decline in the wheat price there, as they are anticipating good harvest yields this crop year.

 

 

May 13, 2008