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United States Department of Agriculture
Foreign Agricultural Service
Circular Series
FG 0609
June 2009
Grain:  World Markets and Trade

WHEAT: WORLD MARKETS AND TRADE

PRICES:

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.

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