U.S. Wheat Commercial Sales Significantly Ahead of Last Year’s Pace
By Claire Hutchins, USW Market Analyst USDA currently estimates the United States will export 26.5 million metric tons (MMT) of wheat in 2020/21, 1 percent ahead of last year’s pace, if realized. Five months into marketing year (MY) 2020/21, total U.S. wheat commercial sales are 12 percent ahead of last year’s pace at 16.8 MMT […]
U.S. Wheat Export Prices Firm on Higher Futures Prices and Export Basis Values
By Claire Hutchins, U.S. Wheat Associates Market Analyst It is no secret that wheat futures prices have reached unexpected heights recently. Higher futures prices usually pressure export basis values when farmers sell wheat “into the rally” because that increases exportable U.S. wheat supplies. However, we are seeing a completely different phenomenon in the recent market. […]
USW Demonstrates Hard Red Winter Wheat Performance to Chinese Customers
Chinese trading concern COFCO, as part of a commitment to purchase U.S. farm products, for the first time in recent history purchased hard red winter (HRW) wheat in marketing years 2019/20 and 2020/21. COFCO has purchased about 672,000 metric tons (MT) of HRW for immediate sale to Chinese flour mills. On behalf of the farmers […]
Trade Policy Opportunities and Competitive Prices Support U.S. Wheat Export Sales Early in the Marketing Year
By Claire Hutchins, USW Market Analyst USDA estimates the United States will export 25.9 million metric tons (MMT) of wheat in 2020/21, 2 percent behind last year’s pace if realized. However, two months into marketing year (MY) 2020/21, total U.S. wheat commercial sales are 8 percent ahead of last year’s pace at 9.62 MMT and […]
U.S. Wheat Supply Chain System: Exporters, Inspectors and USW Overseas Offices
By Michael Anderson, USW Assistant Director, USW West Coast Office At the core of the U.S. Wheat Associates (USW) mission is a strong commitment to enhance the value of U.S. wheat for farmers and their customers. A large part U.S. wheat’s value-added differential advantage is the U.S. wheat supply chain system. It is system that […]
Limited Elevation Capacity Supports Gulf Wheat Export Basis
By Claire Hutchins, USW Market Analyst A swift uptick in export demand for U.S. soybeans, corn and sorghum is limiting export elevation capacity out of the Center Gulf, which supports nearby Gulf export basis for all classes of wheat. Between June 12 and June 19, Gulf 14.0 percent protein hard red spring (HRS) export basis […]
U.S. Wheat Supply Chain System: Grain Handlers
By Michael Anderson, USW Assistant Director, USW West Coast Office Each day during harvest season in the Pacific Northwest, the road to mid-Columbia Grain Company in The Dalles, Ore., is backed up by large grain trucks loaded with recently harvested wheat. A sample is taken from each load, then graded and tested for protein before […]
U.S. Wheat Supply Chain System: Farmers and State Wheat Commissions
By Michael Anderson, USW Assistant Director, USW West Coast Office “Everywhere the grain stood ripe and the hot afternoon was full of the smell of the ripe wheat, like the smell of bread baking in an oven. The breath of the wheat and the sweet clover passed him like a pleasant thing in a dream.” […]
U.S. Wheat Supply Chain System: Research and Plant Breeding
By Michael Anderson, USW Assistant Director, West Coast Office Professional millers and bakers know that the appearance and taste of every product depends on the specific characteristics imparted by its flour ingredient. And those characteristics are deeply rooted in the ancient craft of plant breeding. [Plant breeding is an ancient craft.] As far back as […]
A Commitment to Reliability in a Time of Uncertainty
By Dalton Henry, USW Vice President of Policy For the better part of a century the United States has been known as the breadbasket of the world. Today, that reputation continues ringing as true as ever at a time when it may be needed most. Reliability and certainty go hand in hand. That is why […]