mag
9-4-2005, 12:46 am
A slow 2 weeks, good rains in WA - if follow up rains appear later in the month the season could be in good shape for some districts.
Livestock industry trying to form a group to purchase feed grains - ( perhaps they should try and pay market price for a change and they could then get the supply they need! , during the bad seasons past these where the same people crying to the government that growers should sell to them rather than export the grain overseas )
Export news:
Wheat:
Egypt purchased 60,000 metric tons of US Wheat. Shipment is slated for late April.
South Korea purchased approximately 18,200 metric tons of US Wheat. Breakdown of the purchase is as follows:
Class Quantity
11.5 pct protein Hard Red Winter 7,000
14.0 pct protein Dark Northern Spring 4,000
10.5 pct protein Soft White 3,000
9.5 pct protein Soft White 4,000
Taiwan purchased approximately 44,820 metric tons of US Wheat. Breakdown of the purchase is as follows:
Class Quantity
13.0 pct protein Hard Red Winter 16,615
14.0 pct protein Dark Northern Spring 20,980
10.5 pct protein Western White 7,225
Feed Grain:
The US reported the sale by private exporters of 120,000 metric tons of Corn for export distribution to Egypt. Shipment is slated by August 31, 2005.
According to the world bank China is expected to increase imports of wheat this season to 8 million tons... good news if Australia can get the sales and china does not pull any fancy tricks.
India, Kazakhstan, Russia and the Ukraine have substantial production potential and transportation cost advantages compared to Australia ( US and Canada). Ship freight charges are rising steadily making us less competitive compared to closer countries, however as we can deal in larger volumes we can still compete at a reduced level if the AUD does not rise above the 0.78 USD mark.
Rough estimate:
US, EU , Canada, Australia and Argentina produce 80% of the worlds export wheat, stock in these countries are expected to increase 30% from last season:
Livestock industry trying to form a group to purchase feed grains - ( perhaps they should try and pay market price for a change and they could then get the supply they need! , during the bad seasons past these where the same people crying to the government that growers should sell to them rather than export the grain overseas )
Export news:
Wheat:
Egypt purchased 60,000 metric tons of US Wheat. Shipment is slated for late April.
South Korea purchased approximately 18,200 metric tons of US Wheat. Breakdown of the purchase is as follows:
Class Quantity
11.5 pct protein Hard Red Winter 7,000
14.0 pct protein Dark Northern Spring 4,000
10.5 pct protein Soft White 3,000
9.5 pct protein Soft White 4,000
Taiwan purchased approximately 44,820 metric tons of US Wheat. Breakdown of the purchase is as follows:
Class Quantity
13.0 pct protein Hard Red Winter 16,615
14.0 pct protein Dark Northern Spring 20,980
10.5 pct protein Western White 7,225
Feed Grain:
The US reported the sale by private exporters of 120,000 metric tons of Corn for export distribution to Egypt. Shipment is slated by August 31, 2005.
According to the world bank China is expected to increase imports of wheat this season to 8 million tons... good news if Australia can get the sales and china does not pull any fancy tricks.
India, Kazakhstan, Russia and the Ukraine have substantial production potential and transportation cost advantages compared to Australia ( US and Canada). Ship freight charges are rising steadily making us less competitive compared to closer countries, however as we can deal in larger volumes we can still compete at a reduced level if the AUD does not rise above the 0.78 USD mark.
Rough estimate:
US, EU , Canada, Australia and Argentina produce 80% of the worlds export wheat, stock in these countries are expected to increase 30% from last season: