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Grain Information |
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Daily Blurb: |
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May 16, 2008 |
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| 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. |
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May 7, 2008 |
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| 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. |
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May 12,
2008 |
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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. |
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May 13, 2008 |
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