MARKET MEETING ANNOUNCEMENT: Tuesday May 13th, 2008 at 7:15 am in Walla Walla and we will have a meeting in Waitsburg starting at 9:00 am.
Office Hours: 7:30 am to Noon and 1:00 pm to 4:30 pm
Buying Hours: 8:30 am to 11:00 am and 2:30 pm to 4:30 pm
ALL BIDS ARE SUBJECT TO CHANGE AT ANY TIME.
Ag Secretary thinks override may be very close.
Outlook board cuts forecasted production.
ID numbers could potentially help labeling.
Schafer doesn't endorse signing of proposed Farm Bill.
The culmination of three years work is headed for the floor of Congress.
5/6/08 - Iraq's Grain Board has purchased 450,000-500,000 tonnes of U.S., Canadian and Australian hard red winter wheat for shipment by the end of July, Iraqi trade sources said on Tuesday. Spring wheat is 58% planted overall vs 58 last year and 62% avg. A mixed bag with ND a little ahead (58 vs 54 avg), MT way ahead (71 vs 59 avg), SD a little behind (75 vs 90 avg), and MN ridiculously behind (19 vs 61 last year and 64 avg). PNW states are behind with WA 75 vs 94 avg and ID 69 vs 79 avg. Spring wheat emergence is 11% vs 17% last year and a 25% 5 yr avg. Winter wheat conditions were basically unch at 8% vp (unch), 14% poor (up 1%), 31% fair (down 2%), 37% good (unch), and 10% excellent (up 1%). Winter wheat is 26% headed vs 15% last week and a 38% 5 yr avg. IL, MO and KS are way, way behind avg pace (20-30% behind avg). OK, TX, IN and Arkansas are a little behind (5-15% behind avg). Overall condition indexes by class were unch for HRW at 89, unch for SRW at 101, and down 2% for SWW at 100. A Kansas crop tour kicks off today and will culminate Thursday with stats for KS yield and production figures. Australia is still expecting a 25-26 MMT wheat crop. India’s main wheat buyer says he has already bought 17 MMT of this years wheat crop from farmers and now expects to buy a near-record 20 MMT total. The gov’t bought only 11.1 MMT from farmers last year.