Market Report, 10.24.2008
Audio Recording of Market Report, 10.24.2008
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The Federal State market news is reporting the market as: DEMAND MODERATE. MARKET ABOUT STEADY.
The tone on the conference call this week indicated moderate demand on all sizes. 70 count carton Burbanks are at $28.00 per cwt, stable from last week, and 10# Poly is at $19.00, down $1.00 from last week. The FWA this week is at $23.23, down $0.33 from last week, which translates into an approximate return of $12.21 per cwt, down $0.25 per cwt on a Russet Burbank crop that splits 60% one’s 50% Size?
The Columbia Basis GRI is at $12.58, the Colorado GRI is at $16.77, and the Wisconsin GRI is at $15.70, all up from last week. For additional split scenarios please refer to the Grower return matrix on unitedpotato.com.
We are currently conducting our first round of grower and shed stocks on hands surveys. We should have the information available by the first week of November. All indications to this point still show this to be a very tight crop that should be marketed at profitable levels. Hope everyone one has had a safe and bountiful harvest. If you have any questions and want additional details please give us a call.
Remember its all about the GRI. Thank you for your support.
