AWB’s 2009/10 estimated pool returns (EPRs) for wheat are holding steady, with benchmark APW grade wheat in the western pool on an EPR of $242 a tonne, with the eastern pool EPR at $240 a tonne (FOB, excl GST).

AWB General Manager Commodities, Mitch Morison, said crops in major northern hemisphere producers were largely in good condition, particularly in the United States.

“Spring weather in US winter wheat regions is currently very favourable, so a large US crop is expected,” Mr Morison said.

“It’s almost too wet in some parts of Canada and although currently a little dry in the European Union, a large crop is expected there too.

“Further east, farmers in Ukraine and Russia are looking for rain and the dry may pull their production back a little.

“Talk of potential sales of US corn to China has lent short-term support to wheat prices and the market is starting to get concerned about the dry conditions in Western Australia, however the market is still dealing with burdensome stocks from previous seasons and this tends cap the scope for price rallies,” Mr Morison said.

Media Inquiries:  Ian Desborough 03 9209 2335 or 0418 853 881

EASTERN POOL - Estimated Pool Return 2009/10 AWB Pool ($/t FOB, excluding GST)
Pool Pay Grade Base Rate	Estimated Pool Return	Change
APH1 (14% protein)	$265	Unchanged
APH2 (13% protein)	$260	Unchanged
AH14 (14% protein)	$260	Unchanged
AH1 (13% protein)	$257	Unchanged
AH2 (11.5% protein)	$251	Unchanged
H2G (11.5% protein)	$251	Unchanged
AUH2 (Flat protein)	$236	Unchanged
APW1 (10.5% protein)	$240	Unchanged
ASW1 (Flat protein)	$225	Unchanged
SFE1 (Flat protein)	$260	Unchanged
SFE2 (Flat protein)	$250	Unchanged
AGP1 (Flat protein)	$225	Unchanged
HPS1 (Flat protein)	$220	Unchanged
FED1 (Flat protein)	$200	Unchanged
AUW1 (Flat protein)	$200	Unchanged
SFW1 (Flat protein)	$220	Unchanged
GPSF (Flat protein)	$200	Unchanged
AH9 (Flat protein)	$220	Unchanged
DR1 (Flat protein)	$255	Unchanged
DR2 (Flat protein)	$245	Unchanged
DR3 (Flat protein)	$235	Unchanged
WESTERN POOL - Estimated Pool Return 2009/10 AWB Pool ($/t FOB, excluding GST)
Pool Pay Grade Base Rate	Estimated Pool Return	Change
AH1 (13% protein)	$265	Unchanged
AH2 (11.5% protein)	$260	Unchanged
BR1 (12% protein)	$263	Unchanged
ER1 (12% protein)	$263	Unchanged
AUH2 (Flat protein)	$236	Unchanged
APW2 (10% protein)	$242	Unchanged
ANW1 (Flat protein)	$237	Unchanged
ANW2 (Flat protein)	$227	Unchanged
APWT (10% protein)	$242	Unchanged
ASW1 (Flat protein)	$232	Unchanged
AGP1 (Flat protein)	$227	Unchanged
AUW1 (Flat protein)	$192	Unchanged
SFT1 (Flat protein)	$267	Unchanged
SFT3 (Flat protein)	$247	Unchanged
FED1 (Flat protein)	$192	Unchanged
DR1 (Flat protein)	$256	Unchanged
DR2 (Flat protein)	$236	Unchanged

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