CWB PRO FOR CWSWS is ~ $7.70 southern Alberta.
A BASIS CONTRACT WITH THE CWB signed at the end of September and priced today leaves a farm gate price of less than $8.00 in southern Alberta.
Now read this!
Pakistan postpones wheat tender until Jan 16
By Lisa Shumaker
CHICAGO, Jan 9 (Reuters) - The state-run Trading Corporation of Pakistan has postponed a tender for 610,000 tonnes of wheat until Jan. 16 and reduced the amount of white wheat sought due to record prices, said U.S. grain traders on Wednesday.
Pakistan was seeking 150,000 tonnes of white wheat and 460,000 tonnes of winter wheat for shipment by Feb. 25, the traders said. Bids will be opened on Jan. 16 with results expected Jan. 17.
Pakistan had been scheduled to tender on Saturday for 300,000 tonnes of white wheat and 310,000 tonnes of winter wheat. [ID:nSP26293] Pakistan was inviting bids on the white wheat from only the United States, Canada and Australia, traders said.
U.S. grain traders said Pakistan postponed the tender and changed the mixture of wheat sought after seeing how much South Korea paid for U.S. soft white wheat in tenders earlier this week.
On Tuesday, South Korean flour millers bought 3,300 tonnes of soft white wheat for $514.28 per tonne free on board (FOB) for shipment April 10 to May 10.
On Monday, another group of South Korean flour millers bought 11,000 tonnes of soft white wheat for $525.68 to $527.52 per tonne FOB.
U.S. white wheat prices hit record highs in 2007 amid tight global wheat supplies and strong export demand.
Prices paid to U.S. farmers for white wheat have risen 172 percent during the last year, surpassing $13 a bushel for the first time ever and reaching $13.60 ($499.71 per tonne) for February delivery to country elevators on Wednesday.
A BASIS CONTRACT WITH THE CWB signed at the end of September and priced today leaves a farm gate price of less than $8.00 in southern Alberta.
Now read this!
Pakistan postpones wheat tender until Jan 16
By Lisa Shumaker
CHICAGO, Jan 9 (Reuters) - The state-run Trading Corporation of Pakistan has postponed a tender for 610,000 tonnes of wheat until Jan. 16 and reduced the amount of white wheat sought due to record prices, said U.S. grain traders on Wednesday.
Pakistan was seeking 150,000 tonnes of white wheat and 460,000 tonnes of winter wheat for shipment by Feb. 25, the traders said. Bids will be opened on Jan. 16 with results expected Jan. 17.
Pakistan had been scheduled to tender on Saturday for 300,000 tonnes of white wheat and 310,000 tonnes of winter wheat. [ID:nSP26293] Pakistan was inviting bids on the white wheat from only the United States, Canada and Australia, traders said.
U.S. grain traders said Pakistan postponed the tender and changed the mixture of wheat sought after seeing how much South Korea paid for U.S. soft white wheat in tenders earlier this week.
On Tuesday, South Korean flour millers bought 3,300 tonnes of soft white wheat for $514.28 per tonne free on board (FOB) for shipment April 10 to May 10.
On Monday, another group of South Korean flour millers bought 11,000 tonnes of soft white wheat for $525.68 to $527.52 per tonne FOB.
U.S. white wheat prices hit record highs in 2007 amid tight global wheat supplies and strong export demand.
Prices paid to U.S. farmers for white wheat have risen 172 percent during the last year, surpassing $13 a bushel for the first time ever and reaching $13.60 ($499.71 per tonne) for February delivery to country elevators on Wednesday.
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