THURSDAY 4/2/09 - A.M.    

CBOT wheat futures' doing its version of pinball. Various flippers take turn dominating the action. A weaker US buck and stock market gains should aid wheat's daily price resurgence. G20 financial leaders meet and attempt to produce stimulating news.

The US wheat weekly export sales rated OK; supportive. SWW registered a 35,500 Mt sale to unknown and a 22,900 Mt booking to Thailand.  Yesterday, 50,820 Mt SWW CCC donation biz was inked at track levels; $5.435 to 5.465 per bushel FOB.  Iraq bought 150,000 Mt of Australian and Russian hard wheat along with 210,000 Mt of US and South American rice.  Indonesia contracted to buy Ukraine milling wheat. Rising prices from its 'traditional' Australian sources caused the demand shift.

SWW track values follow a less volatile path.