Food Outlook 09/96

Table A.9 - EXPORT PRICES OF CEREALS AND SOYBEANS

	Wheat			Maize		Sorghum	Soybeans
	U.S. No.2 Hard Winter Ord. Prot. 1/	U.S. Soft Red Winter No.2 2/	Argentina Trigo Pan 3/	U.S. No.2 Yellow 4/	Argentina 3/	U.S. No.2 Yellow 1/	U.S. No.2 Yellow 4/
	( . . . . . . . . . . . . . . . . . . . . . . . . . U.S. $/ton . . . . . . . . . . . . . . . . . . . . . . . . )
July/June
1992/93	143	142	124	97	103	95	220
1993/94	143	132	120	113	116	109	254
1994/95	157	145	136	104	110	103	221
1995/96	216	198	218	159	160	156	273
1995 - August	187	169	186	125	132	124	238
1996 - February	219	204	245	165	162	165	284
March	217	206	247	172	164	167	281
April	257	248	271	191	164	188	302
May	263	214	217	204	200	191	306
June	233	182	189	198	187	185	291
July	204	178	174	198	182	168	298
August 5/ I	190	178	168	184	180	145	298
II	195	176	165	201	179	157	308
III	193	174	169	190	169	149	311
IV	192	176	170	166	164	146	315

SOURCES: International Grain Council, USDA, and Reuters.
1/ F.o.b. U.S. Gulf ports.
2/ F.o.b. U.S. Atlantic ports.
3/ F.o.b. Argentine ports.
4/ Delivered U.S. Gulf ports.
5/ Weekly prices refer to Thursdays, except for U.S. No.2 Hard Winter Wheat which is based on Tuesday quotations.