Corn
440-4
Home
News
Ag Industry News
Cool Tools News
Crop News
Expert Commentary
Farm Equipment News
Farm Safety News
Innovation & Technology
Livestock News
News
Swine News
Women In Agriculture
Markets
Videos
Farm Real Estate
Farm Equipment
Classifieds
Canada East
Canada West
USA
SIGN IN
Login
Sign-Up
Farms.com Home
›
News
U.S Wheat Price Report
Jul 15, 2013
Subscribe to our Newsletters
All three wheat futures markets closed higher this week due to strong export sales and a bullish USDA report. China continued its recent wheat buying spree with more than 1.0 MMT purchased in one week. New USDA supply and demand estimates signaled tighter world wheat supplies and increased trade. KCBT July wheat led all three nearby contracts with a 36 cent increase to $7.13/bu. MGEX July added 35 cents to $7.96/bu and CBOT July wheat closed 18 cents higher at $6.76/bu. CBOT July corn added 23 cents to $7.02/bu and CBOT July soybeans fell 20 cents to $15.63/bu.
In its monthly WASDE update on Thursday, USDA increased estimated world production to a record 698 MMT. USDA reduced estimated ending stocks by 8.87 MMT to 172 MMT, which would be the lowest since 2008/09 and below analysts’ estimates. Projected U.S. exports increased from 26.5 MMT in June to 29.2 MMT.
On Thursday, USDA reported weekly wheat sales of 1,473,300 MT, including 1.02 MMT of SRW to China. Total known outstanding sales and accumulated exports of all classes of wheat for the 2013/14 marketing year, through July 4, 2013 were 10.6 million metric tons (MMT), 43 percent greater than last year's year-to-date total of 7.45 MMT.
The Baltic Panamax Index increased by 89 points since last Friday to 1097. Higher summer demand compared to last year, including good demand for short period ships, helped push the index higher. Maritime Research's Grain Freight Index remained unchanged at 490.3.
The US Dollar Index fell 2 percent this week to 83.16 from 84.66 last Friday.
Source : uswheat.org
Trending Video
CropTalk - Soybean Seedling Disease
Video:
CropTalk - Soybean Seedling Disease
With the extra precipitation around the state, soybean producers may want to be extra vigilant of the potential for fungal diseases among emerging plants.
Ritz Grazes Through Harper Cabinet Shuffle
5 Ways to Participate in Cow Appreciation Day
Business News
by
Better
Farming
Rising Cattle and Beef Prices Continue in June
›
USDA Designates Golden Valley County, ND as Na...
›
Why Conservation Matters for the AMP Redesign ...
›
Rethinking Basis Behavior in a High-Price Catt...
›
What Cattle Working Facilities Are the Best?
›
UW–Madison Study Improves Biofuel Production F...
›
Cattle and Beef Prices Push Higher
›
Trust Protocol Marks Sixth Year of Record Grow...
›
NCBA Supports USDA Plan for Screwworm Sterile ...
›
Strengthening Ties with Farmers in the U.K.
›
General News
by
Better
Farming
Rural internet speeds have improved, but compared...
›
Gate Capital Campaign Completes its Cabinet
›
2025 Canola Production Toolkit
›
CLAAS combine sells for highest price at auction
›
U.S. ag hit by cyberattack
›
Canola Farmers Express Deep Disappointment with P...
›
Compensation rates for destroyed animals to increase
›
Saskatchewan NDP seeking government support for c...
›
Which insects to watch for in 2025
›
Is a second herbicide pass cosmetic or critical?
›
Rimbey livestock auctioneer crowned world champion
›
Forums
by
Agriville
.com
Canada Had Largest Debt Increase Among G7 Countries
›
Agristability
›
Weather pattern change possible
›
Cash Canola Making Crop Year Highs
›
Friday Crop Report on a Thursday. Week 3 of May.
›
Moisture past 90 days
›
Machinery News
by
Better
Farming
IronConnect Launches DealerFlow, End-to-End Equip...
›
AGCO's PTx Trimble Wins Fast Company's World Chang...
›
Deere Tractor Repair Suit Update: Judge Rejects Co...
›
Kubota Leadership Update: Todd Stucke Moves to Jap...
›
North American Equipment Dealers Association Names...
›
Crop News
by
Better
Farming
Maintaining, improving, and maximizing so...
›
U of G, AAFC researchers collaborate wi...
›
GGS, JGS and Tasco Dome unite under one...
›
Farm Credit Canada commits $2 billion t...
›
BFO Statement on the Passing of Bill C-202
›
Livestock News
by
Better
Farming
Saskatchewan NDP seeking government suppo...
›
Rising Cattle and Beef Prices Continue ...
›
Healthiest Haylands and Pastures for th...
›
The Impact of Heat Stress and Fescue To...
›
Congresswoman Tenney Recognizes June as...
›
Sponsored Links:
Highest Yielding Soybeans,
PigCHAMP Grow-Finish,
Precision Agriculture,
Swine Reproduction Software
This website uses tracking tools, including cookies. We use these technologies for a variety of reasons, including to recognize new and past website users, to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests.
You agree to our
Privacy Policy
and
Terms of Access
by clicking I agree.