Title: United Fall Crop Transition Conference
Location: Red Lion Inn, Pocatello, ID
Description: Purpose: to discuss the expected 2008 fall crop including projections
for yield, size profile, and pack-out throughout the United States and Canada.
The discussion will assist growers and sales organizations
when marketing the 2008 crop.
Start Time: 7:30
Date: 2008-09-10
End Time: 12:00
Audio Recording of Market Report, 8.15.2008
The Federal State market news is reporting the market as: DEMAND CARTONS GOOD, OTHERS
EXCEEDS OFFERINGS. MARKET CARTONS 80-90S AND U.S. TWO 6 OZ MIN SLIGHTLY HIGHER, OTHERS ABOUT STEADY.
The tone on the conference call this week indicated demand exceeds supply on small bags with very good demand on all other sizes. 70 count carton Burbanks are at $47.00 per cwt and 10# Poly is at $18.50.
The FWA this week is at $28.29, which translates into an approximate return of $14.29 per cwt on a Russet Burbank crop that splits 60% one’s 40% Size? The return for 45% ones 50% size is approximately $12.02. The GRI in the Columbia Basin is $18.00. For additional split scenarios please refer to the Grower return matrix on unitedpotato.com.
As of Monday August 16th there will be three sheds running old crop and seven sheds running new crop potatoes. With Idaho down to 10 warehouses running limited schedules and all other fresh shipping states with limited supplies our national shipments, levels are going to well below historical averages resulting in a very strong market in the upcoming weeks.
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.
Audio Recording of Market Report, 7.28.2008
The Federal State market news is reporting the market as: DEMAND BALED VERY GOOD, OTHERS MODERATE. MARKET BALED SLIGHTLY HIGHER, OTHERS STEADY. The tone on the conference call this week indicated good demand on all sizes. 70 count carton Burbanks are at $44.00 per cwt, stable from last week, and 10# Poly is at $15.25, up $0.25 from last week.
The FWA this week was at $25.44, down $0.03 from last week, which translates into an approximate return of $12.89 per cwt, down $0.02 from last week on a Russet Burbank crop that splits 60% one’s 40% Size? The return for 45% ones 50% size is approximately $10.80. The GRI in the Columbia Basin is $14.33, up $0.02 from last week, and the Colorado GRI is $19.65, up $0.21 from last week. For additional split scenarios please refer to the Grower return matrix on unitedpotato.com.
We have completed our July 21st shed stocks on hand. The survey shows that we have approximately 1.8m cwt of pack-out left to ship. With four shipping weeks left between July 21st to the 15th of August we only need to average around 467,000 per week to ship the balance of the old crop. With all the other major shipping areas running out of potatoes and Idaho only having the supplies to average shipments below 500,000 we should have a very strong market in the upcoming weeks.
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.
Audio Recording of Market Report, 7.11.2008
The Federal State market news is reporting the market as: DEMAND BALED GOOD. CARTONS 90-100S FAIRLY LIGHT, OTHERS MODERATE. MARKET STEADY. The tone on the conference call this week indicated good demand on all sizes. 70 count carton Burbanks are at $44.00 per cwt, up $1.00 from last week, and 10# Poly is at $15.00, stable from last week. The FWA this week was at $25.47, down $0.05 from last week, which translates into an approximate return of $12.91 per cwt, up $0.14 from last week on a Russet Burbank crop that splits 60% one’s 40% Size? The return for 45% ones 50% size is approximately $10.80.
The GRI in Wisconsin is $19.34, Columbia Basin GRI is $14.31, down $0.51 from last week, and the Colorado GRI is $19.44, up $0.18 from last week. For additional split scenarios please refer to the Grower return matrix on unitedpotato.com.
We have completed our July 1st shed stocks on hand. The survey shows that we have approximately 3.3m cwt of pack-out left to ship. With seven shipping weeks left between July 1st to the 15th of August, we only need to average around 470,000 to 500,000 per week to ship the balance of the old crop. With all the other major shipping areas running out of potatoes and Idaho only having the supplies to average shipments around 500,000, we should have a very strong market in the upcoming eight week period.
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.
Audio recording of market report, 6.27.2008
The Federal State market news is reporting the market as: DEMANDBALED FAIRLY LIGHT. U.S. TWO 6 OZ MIN LIGHT, OTHERS FAIRLY GOOD. MARKET U.S. TWO 6 OZ MIN SLIGHTLY LOWER, OTHERS ABOUT STEADY.
The tone on the conference call this week indicated moderate demand on consumer packs and us twos and good demand on cartons.
70 count carton Burbanks are at $43.00 per cwt, stable from last week, and 10# Poly is at $15.00, down $0.50 from last week. The FWA this week was at $25.52, down $0.30 from last week, which translates into an approximate return of $12.77 per cwt, down $0.18 from last week on a Russet Burbank crop that splits 60% one’s 40% Size? The return for 45% ones 50% size is approximately $10.75.
The GRI in Wisconsin is $19.34, down $0.56 from last week, Columbia Basin GRI is $14.62, down $0.17 from last week, and the Colorado GRI is $19.29, down $0.52 from last week. For additional split scenarios please refer to the Grower return matrix on unitedpotato.com.
So once again if you are going to be moving potatoes during the next six weeks we strongly encourage you to make sure that the shed you are working with is abiding by the flow controls so we can have a stable GRI.
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.
