date:May 14, 2014
nd is priced accordingly. However, current US levels are now priced at a $40-$80/t premium to other origins (depending on grade) and look well overpriced in the eyes of any importer.
USDA is due to report tomorrow its initial projections for US and world 2014/15 supply demand. If it reports what many believe (global wheat and corn crops circa 705+ and 950+mln t) the US may have a bigger problem in the weeks ahead, given current pricing levels.
Wheat
Ukraines grain exports (1 July5 May) are