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    Introduction To Wheat

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    rmcanilang
    The document provides an overview of wheat including: 1) Wheat is made up of bran, germ, and endosperm. The bran and germ are removed during milling leaving mainly the starch-rich endosperm. 2) There are four main classes of wheat - hard red winter, hard red spring, soft red winter/soft white, and durum. 3) The major wheat exporters globally are the United States, Canada, Australia, Ukraine, and Russia. Wheat is traded on various exchanges worldwide.

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    Introduction To Wheat

    Uploaded by

    rmcanilang
    93 views18 pages
    The document provides an overview of wheat including: 1) Wheat is made up of bran, germ, and endosperm. The bran and germ are removed during milling leaving mainly the starch-rich endosperm. 2) There are four main classes of wheat - hard red winter, hard red spring, soft red winter/soft white, and durum. 3) The major wheat exporters globally are the United States, Canada, Australia, Ukraine, and Russia. Wheat is traded on various exchanges worldwide.

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    Introduction to Wheat

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    The document provides an overview of wheat including: 1) Wheat is made up of bran, germ, and endosperm. The bran and germ are removed during milling leaving mainly the starch-rich endosperm. 2) There are four main classes of wheat - hard red winter, hard red spring, soft red winter/soft white, and durum. 3) The major wheat exporters globally are the United States, Canada, Australia, Ukraine, and Russia. Wheat is traded on various exchanges worldwide.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    93 views18 pages

    Introduction To Wheat

    Uploaded by

    rmcanilang
    The document provides an overview of wheat including: 1) Wheat is made up of bran, germ, and endosperm. The bran and germ are removed during milling leaving mainly the starch-rich endosperm. 2) There are four main classes of wheat - hard red winter, hard red spring, soft red winter/soft white, and durum. 3) The major wheat exporters globally are the United States, Canada, Australia, Ukraine, and Russia. Wheat is traded on various exchanges worldwide.

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    You are on page 1of 18

    Introduction to Wheat

    Sarimanok Feeds Company, Inc.


    March 02, 2009
    Wheat Description

    The unprocessed wheat kernel, commonly known as a wheat


    berry, is made up of three major portions-bran, germ, and
    endosperm
    During milling, the bran is removed from the kernel. It is sold
    separately and used to add flavor and fiber to baked goods
    It has a nutty flavor and is very oily, which causes it to turn
    rancid quickly. People use wheat germ which is sold in both
    toasted and natural forms, to add nutrition to food. Wheat
    germ oil, an extraction of the germ, is strongly flavored and
    expensive. The wheat endosperm, which makes up the
    majority of the kernel, is full of starch, protein, niacin, and
    iron. It is the primary source of many wheat flours.
    CLASSES OF WHEAT
    1. Hard Red Winter Wheat
    2. Hard Red Spring Wheat
    3. Soft Red Winter /Soft White Wheat
    4. Durum Wheat
    Major Wheat Exporters

    1. United States
    2. Canada
    3. Australia
    4. Ukraine
    5. Russia
    6. Argentina

    Wheat is traded at the following exchanges: Chicago Board of


    Trade (Soft Red Winter/Soft White Wheat); Minneapolis Grain
    Exchange (Hard Red Spring); and Kansas City Board of Trade
    (Hard Red Winter).
    World Wheat Production, Consumption
    and Stocks (in Thousand Metric Tons)
    2008/09 2008/09
    2004/05 2005/06 2006/07 2007/08 Jul Aug
    Production
    Argentina 16,000 14,500 15,200 16,000 14,500 13,500
    Australia 21,905 25,173 10,822 13,039 25,000 25,000
    Brazil 5,845 4,873 2,234 3,825 4,500 5,000
    Canada 24,796 25,748 25,265 20,050 24,500 25,000
    China, Peoples Republic of 91,950 97,450 108,470 109,860 114,000 114,000
    Egypt 7,177 8,184 8,274 8,275 8,300 8,300
    EU-27 146,886 132,356 124,839 119,251 141,700 143,170
    India 72,150 68,640 69,350 75,810 76,780 78,400
    Iran 14,568 14,308 14,500 15,000 10,000 10,000
    Kazakhstan, Republic of 9,950 11,000 13,500 16,600 14,000 13,500
    Pakistan 19,500 21,612 21,277 23,300 21,500 21,500
    Russian Federation 45,400 47,700 44,900 49,400 54,000 57,000
    Turkey 18,500 18,500 17,500 15,500 16,500 16,500
    Ukraine 17,500 18,700 14,000 13,900 21,000 22,000
    Uzbekistan, Republic of 5,250 5,800 5,850 6,200 6,000 6,000
    Others 49,623 49,027 50,976 48,280 44,990 44,865
    Subtotal 567,000 563,571 546,957 554,290 597,270 603,735
    United States 58,738 57,280 49,316 56,247 66,969 67,016
    World Total 625,738 620,851 596,273 610,537 664,239 670,751
    Total Consumption
    Algeria 7,300 7,500 7,650 8,050 8,050 8,150
    Brazil 10,200 10,800 10,500 10,500 10,550 10,550
    Canada 8,232 8,319 8,738 7,000 7,700 7,700
    China, Peoples Republic of 102,000 101,500 102,000 104,000 107,000 107,000
    Egypt 14,200 14,800 15,450 15,850 16,050 16,050
    EU-27 123,220 127,525 125,500 118,465 129,000 131,000
    India 72,838 69,971 73,358 75,850 78,100 77,600
    Iran 14,550 14,800 15,300 15,500 15,600 15,600
    Kazakhstan, Republic of 7,400 7,400 7,500 7,500 7,500 7,500
    Morocco 6,600 6,800 7,150 7,300 7,400 7,400
    Pakistan 19,600 20,900 21,900 22,400 22,900 22,600
    Russian Federation 37,400 38,400 36,400 38,200 39,000 40,000
    Turkey 16,800 16,100 16,650 16,800 16,600 16,900
    Ukraine 11,700 12,500 11,700 12,900 13,200 13,200
    Uzbekistan, Republic of 5,700 6,118 6,500 6,800 6,800 6,800
    Others 116,380 123,407 121,368 122,887 123,312 123,812
    Subtotal 575,114 593,003 585,858 593,065 611,061 614,586
    United States 31,823 31,357 31,039 29,005 36,170 35,217
    World Total 606,937 624,360 616,897 622,070 647,231 649,803
    How wheat is harvested?
    Wheat Storage
    Wheat Shipment
    Wheat Imports of Philippines from the US, Pacific North West
    (PNW)—Port where wheat are loaded and exported

    PNW

    Use of ocean freight via ship carrying 45,000 tons of wheat


    Philippine Wheat Market

    -- Imports around 3 million tons of wheat (2 million tons milling


    wheat and 1 million feed wheat)
    -- Buys mostly Hard Red Spring (13.5% and 14% protein) and
    Soft White Wheat (10.5% protein).
    -- Buys most of their wheat requirements from the US.
    Secondary sources are Canada and Australia.
    -- There are two organizations for the flour mill industry:
    Philippine Association of Flour Millers (PAFMIL) and
    Chamber of Philippine Flour Millers (CHAMFLOUR).
    Wheat Pricing
    *If we will buy soft white wheat, look at the futures price
    in the Chicago Board of Trade. Go to www.cbot.com

    Current futures price is at 897.25 cents per bushel. You add basis
    Of 20 cents to this price and you get the cash price.
    Wheat Pricing

    So, 897.25+20=917.25 per bushel. Multiply this by 0.367434


    To convert unit of measure to Metric Tons.
    Final price then is US$ 337.02 per ton.

    *Futures is the price of the commodity (wheat)


    *Basis is the cost of transporting wheat internally to elevators
    and the willingness of farmers to sell their wheat.
    *Cash Price is Futures plus Basis.
    In the futures market for wheat, there are 5 trading months:
    1) March 3)July 5) December
    2) May 4) September
    Prices are different for each trading months.
    If your boat leaves in January or February from PNW, your
    Price should be pegged over March. If your shipment is Nov,
    then this should be over Dec.

    CHICAGO WHEAT
    Close Change High Low Open Previous Trading Months
    WU8 897 1/4 22 1/2 931 892 892 874 3/4 ov Sep 2008
    WZ8 922 1/4 22 3/4 959 1/2 917 918 899 1/2 ov Dec 2008
    WH9 946 3/4 22 1/2 981 943 949 924 1/4 ov Mar 2009
    WK9 961 1/4 21 1/2 965 963 965 939 3/4 ov May 2008

    MNPLS WHEAT
    MWU8 968 23 1/2 993 951 1/2 951 1/2 944 1/2 ov Sep 2008
    MWZ8 982 1/4 27 1/4 1007 960 965 955 ov Dec 2008
    MWH9 997 3/4 31 3/4 1016 990 990 966 ov Mar 2009
    MWK9 1001 3/4 23 3/4 1008 1/2 1001 1008 1/2 978 ov May 2008
    MWN9 990 25 --- --- --- 965 ov July 2008

    KANSAS WHEAT
    KWU8 928 22 960 916 916 906 ov Sep 2008
    KWZ8 950 3/4 23 1/2 982 940 940 927 1/4 ov Dec 2008
    KWH9 975 29 998 975 980 946 ov Mar 2009
    KWK9 985 29 989 985 989 956 ov May 2008
    KWN9 977 1/2 17 1/2 1011 970 973 960 ov July 2008

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