The EPR range for APW wheat is $350-$370 per tonne (FOB, GST exclusive) and the Western Australian noodle grade wheat is now at $355-$375/t.

AWB Australia commodity division general manager, Mitch Morison, said a reduction in US wheat futures market was largely offset by a decline in the Australian dollar late last week, resulting in no change to the EPRs.

"The Northern Hemisphere winter wheat harvest continues to progress well in the Ukraine and Russia with excellent wheat yields however, there is some quality concerns regarding the Ukraine harvest," Mr Morison said.

"Winter wheat crops in the US and EU continue to look in good condition and recent good rains in Canada has improved the outlook look for the Canadian wheat crop.

"The outlook for wheat exports from the Black Sea continues to be strong this season, and this will set the benchmark for world wheat cash pricing to many key import markets going forward."

Growers have again been reminded by AWB that the 2008/09 EPR is not supported by a hedging program and will continue to fluctuate by price movements in international wheat markets.