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 […]
Tight Exportable Supplies, Elevation Capacity Prop Up SRW Export Prices
By Claire Hutchins, USW Market Analyst The inverted spread in export prices for U.S. soft red winter (SRW) and hard red winter (HRW) that has appeared occasionally recently settled into the market in early July. What is happening to fuel this situation? First, there are limited exportable supplies of SRW along the Mississippi River due […]
Commercial U.S. Wheat Export Sales Top USDA Estimate
By Claire Hutchins, USW Market Analyst Despite challenging market factors, U.S. wheat exports for marketing year (MY) 2019/20, which ended May 31, totaled 26.9 million metric tons* (MMT) (988 million bushels), ahead of USDA’s export volume estimate of 26.4 MMT (970 million bushels). That is 4 percent ahead of MY 2018/19 and 10 percent greater […]
2020 Hard Red Winter Wheat Tour Goes Virtual in Kansas
By Claire Hutchins, USW Market Analyst Each year in May, the Wheat Quality Council (WQC) hosts a three-day winter wheat tour across Kansas and parts of surrounding states to assess hard red winter (HRW) wheat conditions and yield potential. For the past 50 years, caravans of industry stakeholders including farmers, journalists, economists, millers, traders and […]
USW 2020/21 Harvest Reports Return This Week
The new crop U.S. wheat harvest is underway in south Texas and U.S. Wheat Associates (USW) will publish its first “Harvest Report” for marketing year 2020/21 on Friday, May 29. USW Harvest Reports are published every Friday afternoon, Eastern Daylight Time, throughout the season with updates and comments on harvest progress, crop conditions and current […]
Spring Wheat Planting Progress Varies with Regional Conditions
By Claire Hutchins, USW Market Analyst U.S. wheat farmers across the Northern Plains are hard at work trying to plant spring wheat for the 2020 harvest. Their efforts depend on widely varying regional conditions so many producers are behind schedule while some have pulled ahead. USDA’s most recent crop progress report shows total U.S. spring […]
Dry Weather and Freezing Temperatures Challenge Hard Red Winter Wheat Crop
By Claire Hutchins, USW Market Analyst The condition of the U.S. hard red winter (HRW) wheat crop is not improving. Farmers – and the markets – are concerned about the threats to yield potential from wide-spread April freezes and increasing dryness across a significant portion of the Central and Southern Great Plains. USDA’s most recent […]
COVID-19 Changes Global Wheat Trade Dynamics
By Claire Hutchins, USW Market Analyst It is no secret that these are uncertain times. As countries across the world work to contain and combat the novel coronavirus (COVID-19) outbreak, U.S. Wheat Associates (USW) is closely monitoring the effects of the outbreak on global wheat trade dynamics. Over the past several weeks, several major wheat […]
USDA Predicts Slight Decline in U.S. Spring Wheat Planted Area
By Claire Hutchins, USW Market Analyst According to the March 31 USDA Prospective Plantings report, U.S. total spring-planted wheat area is expected to fall to 12.6 million acres (5.1 million hectares), down 1 percent from 2019/20, if realized. This estimate includes 11.9 million acres (4.82 million hectares) of hard red spring (HRS), down slightly from […]
Pandemic Adds Pressure to U.S. Wheat Prices
By Claire Hutchins, USW Market Analyst It is no secret that these are uncertain times. As countries across the world work to contain and combat the novel coronavirus (COVID-19) outbreak, U.S. Wheat Associates (USW) is closely monitoring the effects of the outbreak on global wheat trade dynamics. According to a host of U.S. grain traders, […]