Corn
410-0s
Home
News
News
Farm Equipment News
Crop News
Livestock News
Swine News
Expert Commentary
Ag Industry News
Innovation & Technology
Farm Safety News
Cool Tools News
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
2024 Wheat Harvest Update
Video:
2024 Wheat Harvest Update
Amanda Silva, OSU Extension small grains specialist, explains how much the recent rains have slowed down wheat harvest.
Ritz Grazes Through Harper Cabinet Shuffle
5 Ways to Participate in Cow Appreciation Day
Business News
by
Better
Farming
Agriculture Commission and MI Dept. of Agricul...
›
Efficient Agrologistics Contributes to Better ...
›
Five Things We’ll Miss Without a New Farm Bill
›
ChangeMakers Hawai?i Receives More Than $1.3M ...
›
Biden-Harris Administration Announces $90 Mill...
›
US Federal Debt, Interest Outlays, and the Far...
›
Market Movers to Watch for the Week of July 29
›
AGCO to sell its Grain & Proteins business
›
US cattle feedlots see slight increase
›
Improved weather boosts corn crop conditions
›
General News
by
Better
Farming
Is Agriculture on the Brink of a Farm Economy Cli...
›
Canada Updates Old-, New-Crop Balance Sheets
›
Crop Report For The Period July 16 To July 22, 2024
›
FPT Ag Ministers’ Meeting recap: Nova Scotia
›
Select FFA alumni attend New Century Farmer Confe...
›
Bird flu infects three more Colorado poultry farm...
›
Heat lowers crop yield potential in some areas
›
From one farm to another
›
Clean Energy’s RNG facility breaks ground in Texas
›
Food waste recycling site helps local councils pr...
›
Governments of Canada and Manitoba supporting far...
›
Forums
by
Agriville
.com
Corn's Stage 4 Decline Continues
›
Fababeans and Peas
›
Friday Crop Report on a Thursday week 14.
›
So who is INVESTING in Genesis Fertilizers?
›
Volatility Alert (VIX)
›
CBOT Wheat trades at a Historically Important level
›
Any one hear from Larry W?
›
Drones
›
A Top in the S&P500?
›
Friday Crop Report week 15.
›
Machinery News
by
Better
Farming
Planting A Flag: AGCO All-In On Mixed-Fleet After...
›
Ag in Motion farm show combines business and fun
›
Machinery News: AGCO Reorganizes Ohio Dealer Netwo...
›
Machinery And Tech News: More John Deere Layoffs, ...
›
John Deere Rolls Out Proven E-Drive Production Cla...
›
Crop News
by
Better
Farming
Canada Updates Old-, New-Crop Balance Sheets
›
Crop Report For The Period July 16 To J...
›
CULT Food Science Provides Update on Pr...
›
Heat lowers crop yield potential in som...
›
Canadian Innovators Lead in Reducing Ag...
›
Livestock News
by
Better
Farming
Clean Energy’s RNG facility breaks ground...
›
Enhancing meat trade between US and Canada
›
Ticking clock for American farmers
›
Agriculture Commission and MI Dept. of ...
›
Commercial Dairy Cow Farmers in Colorad...
›
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.