The estimated pool return (EPR) for AWB’s two wheat pools have increased by $8/t in the western pool and $6/t in the eastern pool, leaving EPRs for the benchmark APW grade to $258/t in the western pool and $264/t in the eastern pool.

International futures have rallied on the back of a wet US harvest and the weak greenback, but counteracting the positives is the appreciation in the Aussie dollar, which was trading at US91.5c on Monday.

AWB general manager of commodities, Mitch Morison, said the booming dollar made it difficult for Aussie exporters to make significant gains from the futures rally.

“The strong Australian dollar continues to weigh heavily on Australian wheat export prices.”

Estimated returns for AWB’s 2008/09 wheat pools remain unchanged and as a result benchmark grade APW wheat remain at $325/t in the western pool and $350/t in the eastern pool.