U.S. Wheat Associates Launches New Price Charting Tools
By Claire Hutchins, USW Market Analyst Navigating U.S. export markets and making purchasing decisions is a complicated, risk-involved process, especially when wheat customers have so many options for sourcing their supplies. As representatives of the U.S. wheat industry, U.S. Wheat Associates (USW) recognizes it has a social contract to ensure our customers have access to […]
Supply, Quality and Price Support USDA Wheat Export Estimates
By USW Market Analyst Claire Hutchins Between January and February 2020, USDA raised its total U.S. wheat export estimate from 26.5 million metric tons (MMT) to 27.2 MMT, 7% greater than last year, if realized. U.S. Wheat Associates (USW) believes the United States is on track to reach USDA’s export estimates due to favorable marketing […]
Market Offers Soft Red Winter Buying Opportunity
By Claire Hutchins, USW Market Analyst Soft red winter (SRW) export prices had been climbing steadily since the end of the 2019 harvest on reduced production, tight ending stocks and stable domestic and overseas demand. Then after Jan. 24, 2020, export basis and FOB prices dipped, offering an opportunity for SRW importers to lock in […]
Income Potential and Weather Fight Against Winter Wheat Seeding for 2020
By Claire Hutchins, USW Market Analyst With winter wheat prices remaining at or less than the cost of production and with a very wet planting season, it is no surprise that many U.S. farmers chose to plant slightly less winter wheat for harvest in 2020. USDA’s 2020/21 Winter Wheat Seedings report, released Jan. 10, reported […]
Mid-Year Report: U.S. Wheat Export Pace Ahead of Last Year
By Claire Hutchins, USW Market Analyst With six months gone in marketing year 2019/20, USDA currently believes total U.S. wheat exports will reach 26.5 million metric tons (MMT), which, if realized, would be 4 percent more than 2018/19 and 7 percent more than the 5-year average. U.S. Wheat Associates (USW) believes the high quality and […]
Will Shifting Market Factors Hibernate the Bear Market in Wheat?
By USW President Vince Peterson Recently, I have heard several of the farmers that U.S. Wheat Associates (USW) represents say they are hoping for a much better year in 2020. No wonder, given the low farmgate prices, trade uncertainty and difficult harvest conditions last year. A better year would be good for our farmers and […]
USDA Forecast: World Wheat Production and U.S. Export Volume to Increase
By Claire Hutchins, USW Market Analyst In its December World Agricultural Supply and Demand Estimates (WASDE) report, USDA now expects world wheat production for marketing year 2019/20 to increase by 5 percent to 765 million metric tons (MMT) from last year’s 731 MMT. Lower expected production in Argentina and Australia likely encouraged USDA to also […]
Variable Weather Poses Challenges and Opportunities for U.S. HRW Farmers
By Claire Hutchins, USW Market Analyst It is no secret U.S. hard red winter (HRW) wheat farmers have struggled through a difficult planting season. Many industry sources believe total U.S. winter wheat planted area will fall year-over-year due to depressed local prices and challenging planting conditions. In the Southern Plains, moderate to extreme drought and […]
U.S. Commercial Export Sales Pace Ahead of 2018/19
Three and a half months into marketing year 2019/20, total U.S. export sales* as of Oct. 15 of 13.8 million metric tons (MMT), 14 percent ahead of last year’s pace. Sales to four of the top 10 U.S. wheat customers are ahead of last year’s pace. Export sales to Mexico, the top U.S. customer over […]
USW Publishes Annual Crop Quality Report and Hosts Seminars to Help Customers Make Purchasing and Milling Decisions
As a key part of its commitment to transparency and trade service, U.S. Wheat Associates (USW) produces an annual Crop Quality Report that includes grade, flour and baking data for all six U.S. wheat classes. The report compiles comprehensive data from analysis of hundreds of samples conducted during and after harvest by our partner organizations […]