Prices of Hard Red Spring (HRS) and white wheat
climbed in December on concerns over tightening
global supplies of higher quality milling
wheat. HRS surged $27/ton to $467/ton and Soft
White Wheat (SWW) jumped $16/ton to $316/ton,
while Hard Red Winter (HRW) rose $7/ton to
$331/ton. On the other hand, Soft Red Winter (SRW)
was down $7/ton to $316/ton.
TRADE CHANGES IN 2010/11
is lowered 1.0 million tons to 7.0 million on
the slow export pace and limited availability
of export licenses despite a higher crop.
Australia is reduced 500,000
tons to 14.0 million on a lower crop, crop
quality concerns, and the rain-delayed harvest.
is raised 500,000 tons to 1.1 million on a
larger crop and recent government auctions of
wheat via the Subsidy Auction Program (PEP).
is down 1.0 million tons to 5.0 million on lower
is up 500,000 tons to 800,000 due to the
government announcement allowing wheat exports
and the subsequent reported sales.
is raised 2.0 million tons to 36.0 million, the
highest in 18 years, on the strong pace of sales
and expected late-season surge in shipments.
is lowered 500,000 tons to 4.5 million due to
the slow pace of imports and import licenses.
are both raised 200,000 tons to 1.3 million and
1.7 million, respectively, on the expected
imports of feed-quality wheat from Australia.
is up 400,000 tons to 4.0 million on the
expected replacement of corn with feed-quality
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