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Maltby Marketing News for September 24

Maltby Marketing News for September 24

Kansas Association of Wheat Growers

September 24 Dan Maltby Marketing Newsletter

Hello Kansas Wheat.

There are a couple articles floating around the electronic airwaves, which we’ll get to in a bit. I think it’s a safe bet they will irritate you as much as they irritated me, but first let’s look at various scorecards, which are plenty irritating on their own.

The export pace scorecard shows now shows this week and last week’s; I’m trying to give a better sense of how things are going…which is still fairly crummy.

We need to load 8.6 million bushels of HRW the next 37 weeks to hit the USDA’s export projection. That’s about twice what we’re doing currently.

Spring’s “only” need to load 6.25 million bushels weekly, but things get tougher soon, as winter is coming, and shuts down the Great Lakes for about 3 months.

Some years that doesn’t matter much, but this year, spring wheat biz X Duluth/Superior has been pretty good. So it will make a difference.

Here’s another scorecard: Gulf bids, shows 12 pro is doing nothing, although ords are firmer, now bid at only a 12c discount. I’m pretty sure protein premiums in “the country” are minimal.


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Source: Kansas Association of Wheat Growers