TUESDAY 4/14/09 - A.M.

Poorer US crop condition estimates should help support buyers intentions, while outside markets whirl and generate mixed signals.  Better row crop values will influence wheat's price path.  Familiar sounding news keeps getting 'rehashed' in the pits.

Black Sea wheat offerings set the market at levels difficult for US origins to competitively counter. The French farm ministry cut its estimate for soft wheat acreage. The new projection represents a 2.8% decline from last year, but would still be 1.4% above the 2004-2008 estimated average.

USDA said 42% of U.S. winter wheat is rated Good to Excellent; off a point from a week ago and down 5% from a year ago.

SWW cash track bids remained in a well documented array. Good support, minimal lift.

TUESDAY 4/14/09 - P.M.

CBOT wheat futures attempted a small rally, but sustanability was lacking. Corn and beans posted gains but couldn't carry the day in the three major wheat pits. Crop conditions, weather, financials, etc, all get a turn on 'center stage.'