Weather Disrupts Nearby PNW Basis; Outlook for April and May Improving
By Claire Hutchins, USW Market Analyst Late winter conditions can make March a difficult month for wheat export supply logistics across the central and northern United States, and the seasonal effects on basis this month were even more challenging. Drifting snow, bitter cold, and high inland water levels that actually increased into early […]
Main Takeaways from the USDA’s March 2019 World Wheat Supply and Demand Report
By Claire Hutchins, USW Market Analyst USDA updated its monthly World Agricultural Supply and Demand Estimates (WASDE) on Mar. 8, showing decreased global production and domestic consumption but steady global trade. USDA pegged 2018/19 global production at 733 million metric tons (MMT), 3 percent below last year’s volume of 763 MMT. The United States holds […]
U.S. Wheat Export Pace Quickens
By Claire Hutchins, USW Market Analyst As wheat futures hit contract lows, trade negotiations with China wind on and the window for export sales delivered in marketing year 2018/19 (June to May) draws to a close, U.S. Wheat Associates (USW) sees a more optimistic picture in the U.S. Department of Agriculture’s (USDA) most recent series […]
Positioned to Return More Value to Wheat Buyers and Producers
By Vince Peterson, USW President Recently, I was searching online for some wheat market information to share at an upcoming meeting. I saw a headline that asked: “What country exports the most wheat?” Great, I thought, here we go again with more propaganda about Russia beating the United States in the global wheat export market […]
Key Facts from USDA’s February 2019 World Wheat Supply and Demand Report
By Claire Hutchins, USW Market Analyst In its February 2019 World Agricultural Supply and Demand Estimates (WASDE) report, USDA predicted global wheat production to fall 3 percent below last year’s volume to 735 million metric tons (MMT) due to significant weather challenges in the European Union (EU), Russia, and Australia. EU production of 136 MMT […]
USW Reports on World Wheat Production and Exports
By Claire Hutchins, USW Market Analyst U.S. Wheat Associates (USW) reports on global wheat supply and demand to its farmer directors at each of their board meetings. The directors meet in Washington, D.C., the week of Feb. 11 and the report will include the following update on marketing year 2018/19 wheat production, with one exception: […]
Rounding Up U.S. Wheat Planted Area Estimates
By Claire Hutchins, USW Market Analyst As the U.S. government shutdown enters its fourth week, U.S. Wheat Associates (USW) leans on its network of media and industry resources to illuminate the information void left by a partially-funded USDA, which cannot publish its critical economic reports until the agency receives full funding again. Fortunately, many […]
Mid-Year Report: U.S. Wheat Export Pace Likely to Pick Up
By Claire Hutchins, USW Market Analyst Due to the U.S. government shutdown, the U.S. Wheat Associates (USW) mid-year report on 2018/19 export sales reflects USDA export sales data through Dec. 13, 2018. Year over year comparisons are drawn from USDA data on Dec. 14, 2017. Though not current, the data still provides valuable insight into […]
Global Production Continues to Decrease Due to Weather Problems in Australia and Russia
By Claire Hutchins, USW Market Analyst In its December World Agricultural Supply and Demand Estimates (WASDE) report, USDA predicted a 4 percent year over year decline in world wheat production for marketing year 2018/19, driven by severe drought in Australia and current cold, wet conditions in Russia. Australian production is expected to fall 32 percent […]
IGC Data Shows U.S. Wheat Prices in a Rare Position
By Stephanie Bryant-Erdmann, USW Market Analyst The expected turn to U.S. wheat supplies appears to be underway. U.S. wheat exports to price sensitive markets and to typically self-sustaining markets are on the rise due to increased price competitiveness. Fueling this demand for U.S. wheat is, in part, shrinking wheat supplies, especially of high-quality […]