Human Wheat Consumption Sets New Record
By Stephanie Bryant-Erdmann, USW Market Analyst USDA expects global wheat consumption to remain at record high levels in 2018/19 due to increased human consumption. Human wheat consumption is expected to reach a record high 602 million metric tons (MMT), 4 percent above the 5-year average. Over the past ten years, global human wheat consumption has […]
Twenty-Three Pages You Just Cannot Miss
By Ben Conner, USW Vice President of Policy Longtime readers of “Wheat Letter” know that there is a certain time of year when the “Wheat Letter” must be opened. When its content must be consumed with abandon. When one must read an article so important that – despite all the other wonderful “Wheat Letter” […]
USDA Leaves U.S. Wheat Exports Unchanged, Supported By Decreasing Global Wheat Production
By Stephanie Bryant-Erdmann, USW Market Analyst USDA updated its monthly World Agricultural Supply and Demand Estimates (WASDE) on Oct. 11, showing the United States to have the largest exportable supply of wheat in the world in 2018/19 following devastating losses in the European Union (EU) and Australia, and decreased production in Russia. Due to the […]
Weather Continues to Affect Global Wheat Production
By Stephanie Bryant-Erdmann, USW Market Analyst USDA expects global wheat production to fall to the lowest level in 5 years at 733 million metric tons (MMT), down 3 percent from the record high of 758 MMT in 2017/18. If realized, it would be slightly below the 5-year average. This downturn is, unfortunately, led by […]
Export Policies Shrink Global Wheat Supply, Increase Uncertainty
By Stephanie Bryant-Erdmann, USW Market Analyst It is no secret that global wheat production will fall this year due to unfavorable weather across the European Union (EU), Black Sea — Kazakhstan, Russia and Ukraine — and Australia. However, government policies are further constraining the global wheat supply, increasing costs and uncertainty for global wheat buyers. […]
A Risky Proposition
By Steve Mercer, USW Vice President of Communications Two recent market articles by Reuters have caught our attention here at U.S. Wheat Associates (USW). At first glance, the Aug. 20 story “Russian Traders May Speed Up Grain Exports Amid Risks of Curbs,” and the Aug. 22 story “Global Wheat Supply to Crisis Levels; Big China […]
Can U.S. Wheat Exports Reach USDA’s 27.9 MMT Estimate?
By Stephanie Bryant-Erdmann, USW Market Analyst On Aug. 10, USDA increased its U.S. wheat export forecast to 27.9 million metric tons (MMT), up 14 percent from 2017/18, if realized. With 2018/19 global wheat production falling to 730 MMT, down 4 percent year over year, and supply in exporting countries shrinking to the lowest level in […]
Lower U.S. Wheat Futures: An Anomaly and Excellent Opportunity
By Stephanie Bryant-Erdmann, USW Market Analyst There is an old saying: “When there’s blood on the streets, buy property.” Given recent price movements, that could easily be changed to: “When trade policies are in the news, buy wheat.” Since the steel and aluminum tariffs went into full effect for major U.S. wheat customers, […]
The Long, Hard Road to Export More U.S. Farm Products is Filled with Potholes
By Jonathan H. Harsch, Agri-Pulse, Excerpted with Permission (Editor’s note: This is the third in a new series of Agri-Pulse in-depth stories dealing with the challenges and opportunities for U.S. agriculture when it comes to selling more commodities and value-added products to overseas customers. This article was sponsored by funding from the National Association of […]
Sustained Demand for U.S. Wheat in a New Price Environment
By Stephanie Bryant-Erdmann, USW Market Analyst Six months into marketing year 2017/18 (June to May), total U.S. export sales of 19.5 million metric tons (MMT) are 8 percent behind last year’s pace according to USDA Export Sales data through Jan. 4. However, the estimated total value of U.S. wheat export sales is 4 percent greater […]