Domestic: Prices for all classes of wheat jumped in May after being relatively flat for several months. Hard Red Winter (HRW) increased $26 to $284/ton, Soft Red Winter (SRW) rose $24 to $226/ton, Hard Red Spring (HRS) expanded $16 to $328/ton, and Soft White (SWW) is up $12 to $224/ton.
TRADE CHANGES IN 2009/2010
Selected Exporters:
Ukraine is down 1.0 million tons to 5.0 million on reduced crop prospects.
Russia is up 500,000 tons to 18.0 million on large carry-over stocks and potentially reduced competition.
Selected Importers:
Afghanistan is down 400,000 tons to 1.1 million on larger domestic production.
Azerbaijan is lowered 300,000 tons to 1.0 million based on greater carry-in stocks.
TRADE CHANGES IN 2008/2009
Selected Exporters:
Canada, EU, Kazakhstan, and Ukraine are all boosted 500,000 tons based on unexpectedly strong late-season shipments.
Russia is raised 1.0 million tons to a record 18.0 million, on the continued heavy pace of shipments, particularly to Egypt.
Selected Importers:
Azerbaijan, Bangladesh, and Sudan are all raised 300,000 tons, reaching record supplies despite relatively high prices.
Egypt is up 1.0 million tons to 9.5 million, a record, on higher shipments.
Turkey is up 500,000 tons to 3.5 million based on the strong pace of imports, particularly from Russia.
Uzbekistan is up 400,000 tons to 1.4 million due to increased imports from Kazakhstan.