Deluth Durum

[wedino]

Gleaned from AgriLine

US DURUM PRICES are record-high, according to US Wheat Associates. Prices are up 29% in the past month and 65% higher than a year ago. Duluth export bids are US $8.70 to $8.98/bu.

[TOM4CWB]

US Wheat Associates Spanish report:

"Trigonoticias - July 9, 2007 TRIGONOTICIAS Monday July 09, 2007 Vol. 26/27

FUTURES MARKET OF THE WHEAT IN THE US (week of the 2 al 6 of July)

Al 6 of July the prices of the wheat in the future markets showed the following variations compared with the prices al 29 of June for the same positions: -For the position July, Chicago (SRW) 6.8 $/TM; Kansas (HRW) 5.33 $/TM; Miniápolis (DNS) 0.73$/TM. -For the position September, Chicago (SRW) 4.77 $/TM; Kansas (HRW) 2.76 $/TM; Miniápolis (DNS) -1.84 $/TM. -For the position December, Chicago (SRW) 4.41 $/TM; Kansas (HRW) –0.46 $/TM; Miniápolis (DNS) 1.47$/TM.

WEEKLY SUMMARY

The future of the wheat the first days of the week fell, technical sales ignoring global problems of production, reduction of stocks and hardly demands importing they were the tonic of the first sessions. To the extent that trascurrió the week, the markets of Chicago and Kansas recovered its land lost. Friday CBOT position September closed US$ 4.77/TM al raises, while KCBT closed with profits of US$ 2.76/TM. Mineapolis (MGE) in turn closed US$ 1.8/TM downward.

In spite of the rains in the south of the large plains of the United States, the cultivation condition report, published by the USDA does not indicate a deterioration in the condition of the wheat of winter. For Kansas, the report improved in comparison with last week, while the condition of the wheat of spring continues being very good.

It continues being very difficult to obtain prices in HRW for levels of greater protein to 11.5%, though a decrease in the average of protein with respect exists al passed year, the comercializadores of grains are expecting that the samples obtained in the different producing regions clarify a little more panorama.

The prices of the wheat durum rose more than 12% this week, the offerings arrived at values record among US$320-330/TM.

Logistic problems and of congestion in Newcastle, Australia they continue impacting the market of freights. Routes of the Atlantic one and of the Pacific rose US$ 4 and US$ 8 respectively."

Spanish is a very interesting language!

[Barleyman]

I told you on another thread that durum gets crazy high every few years.
You aren't allowed to access those prices minus basis because the cwb sold for less than that and they would look like fools. That is why we have a buy back? and a requirement for a cwb export permit, in my books a paper wall that works just as good as the iron curtain across europe for 70 years or so.

[SASKFARMER3]

That's works back to east sask. at elevator price of $7.88 compared to what 4.88 Canadian through the CWB.
Boy do they get us a premium.
Keep checking the truth is out their FARMERS of Western Canada have lost Millions with this useless organization.
IT would be OK if we had subsidies to cover this loss but no this is Canada Create employment at the backs of farmers.

[TOM4CWB]

CP,

Kind of proves our point on OPEC (CWB)... and why it is needed...TO KEEP THE PRICE OF OIL (or DURUM) DOWN.

Supply and Demand can be a tricky thing to understand!

GRIN!

[highwayman]

Bring on the vote for wheat and durum and lets get rid of these schackles once and for all. I wont make the mistake of selecting option #2 again as this just seems to confuse the anti choice fear mongering crowd. Option #3 seems to be all they can understand. The whining and sniveling by the board has most people fed up and we are all tired of them spending money to defend a tired old institution that their own survey shows is undesired by the majority of producers. Lets move forward as an industry and move into the 21st century of marketing and procuction where a single farmer can do what is best for his or her farm. Those who choose to bury their head in the sand and live it the past with the chronic wasting board, I wish you all the best of luck.

[highwayman]

Bring on the vote for wheat and durum and lets get rid of these schackles once and for all. I wont make the mistake of selecting option #2 again as this just seems to confuse the anti choice fear mongering crowd. Option #3 seems to be all they can understand. The whining and sniveling by the board has most people fed up and we are all tired of them spending money to defend a tired old institution that their own survey shows is undesired by the majority of producers. Lets move forward as an industry and move into the 21st century of marketing and procuction where a single farmer can do what is best for his or her farm. Those who choose to bury their head in the sand and live it the past with the chronic wasting board, I wish you all the best of luck.

[highwayman]

sorry about the double post. Bad connetion.

[cottonpicken]

Doesnt prove any of your points Tom.

But it does prove my point about higher grain prices.