USDA world supply demand estimates.

[charliep]

[URL="http://www.usda.gov/oce/commodity/wasde/latest.pdf>"]"usda s & d forecasts[/URL]

Wheat has the only survey based production numbers. All others are still usda developed.

<a href="http://usda.mannlib.cornell.edu/usda/current/CropProd/CropProd-06-10-2010.pdf">us wheat production estimate by state</a>

[charliep]

[URL="http://www.usda.gov/oce/commodity/wasde/latest.pdf"]usda supply demand forecasts[/URL]

[charliep]

Biggest changes feedgrains. Will have to be watched this am.

Haven't seen others calls but wheat seems to me to be bearish. Corn could drag higher.

[mcfarms]

the 5.25 fixed price is tempting me greatly.

[charliep]

Is a day on the grain side of buy the rumor and sell the fact. Nothing new corn given all the information in the June 30 acreage and stocks report. Wheat highlights lots of supplies. Vegetable oil numbers are interesting in the month to month forecasts.

[TOM4CWB]

Charlie,

US wheat has some good info;

'USDA reduced their 2010/11 global wheat production forecast by 7.5 MMT, to 661 MMT, in their July World Agriculture Supply and Demand Estimates. The reduction was primarily due to lower projections for Canada, Russia, and Kazakhstan. USDA lowered the Canadian outlook by 4.0 MMT, to 20.5 MMT, because of heavy rainfall in June. USDA’s Russian and Kazakh production forecast were reduced by 4.5 MMT (53.0 MMT) and 3.0 MMT (14.0 MMT), respectively, because of drought conditions. USDA pegged the 2010/11 U.S. crop at 60.3 MMT, the same as last year and 4.0 MMT greater than their previous estimate due to better yields.
Russian grain analyst SovEcon reduced their 2010/11 Russian wheat production forecast sharply due to severe drought. The analyst estimates this year’s Russian wheat crop will fall between 49 and 51 MMT, down from their May estimate of 55.5 MMT. USDA’s latest Russian production estimate, released on Friday, stands at 53.0 MMT.
Agriculture and Agri-Food Canada reduced its 2010/11 Canadian wheat production forecast. The government agency pegged Canadian production at 20.9 MMT, down from its previous projection of 24.2 MMT.
The hot weather in France, Germany, and the United Kingdom sent milling wheat futures in Paris to a 13-month high on Thursday, climbing to 164.50 euro/mt ($208/mt). The Matif November contract closed at 160.00 euro/mt ($203/mt) on Friday.'

http://www.uswheat.org/reports/prices/doc/D7FD0E8F9593F86C8525775B0071F8AA?OpenDocument#

I not DNS 13px Jan 2011 selling at 252/t... ($258CDN)and HRW 13px selling at $251/t($257CDN) PNW / Portland. The CWB is offering $229 for better quality CWRS... and $192 for 1CWRW out $65/t too low.

The CWB pool system totally recks price transparency and recks the environmet. Winter wheat should be the answer to flooding... not spring wheat and more flooding...

[TOM4CWB]

Charlie,

It is obvious CWB west coast shipments are subsidising east coast CDN CWB sales.

Alberta must pay and pay... for the CWB system that is built to distort markets and as a result wrecks crop insurance as well as the resulting negative environmental impacts.

These managers/BOD in Winnipeg CWB must not know how to read their 'code of conduct'.