Australian wheat pool sales return forecast remains unchanged
AWB of Australia said on Monday that AWB kept its 2009-10 benchmark wheat sales return forecast unchanged as higher U.S. wheat futures prices offset the impact of a stronger Australian dollar.
According to AWB, the return of high-quality white wheat (10.5% protein content) in the pool in eastern Australia is expected to be A $255 per tonne, FOB price. The return of wheat sales in the western pool is estimated at A $250 per tonne.
The return of wheat sales in the western pool is expected to be A $325 per tonne in 2008-09 (April to March), unchanged from the previous estimate, while the wheat sales return estimate in the eastern pool is also stable at A $330.
The fundamental situation of the global wheat market remains unchanged, with ample supply and limited demand. Overseas buyers are keeping a close eye on the wheat harvest in Australia.
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The sowing delay area of soft red winter wheat in the United States may be reduced by 30%
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The inspection volume of U.S. wheat exports in the week ended November 12 was 15.047 million bushels.
The inspection volume of U.S. wheat exports in the week ended November 12 was 15.047 million bushels.
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