November Precipitation Rapidly Improves U.S. Winter Wheat Condition
Wheat farm families across the United States are sharpening their pencils to figure out how to deal with the on-going challenges of high input costs and low crop prices. Fortunately, 2025 winter wheat crop conditions do not create another concern for many of them following a remarkable turnaround in November. Writing in Progressive Farmer Dec. […]
Key Market Mover: Concern About Dry Conditions Continues to Drive Markets
As the Northern Hemisphere harvest concludes and crops in the Southern Hemisphere near maturation, wheat markets are still highly sensitive to weather-related news. As headlines about dry conditions around the globe come and go, and markets fluctuate daily, having information about the current drought conditions worldwide and potential impacts remains important to wheat buyers. Southern […]
Price Perspectives: A Bounce from Four-Year Lows
On August 26, 2024, CBOT, KBOT, and MGEX wheat futures prices declined to four-year lows, pressured by the Northern Hemisphere harvest, adequate supplies in aggressive exporters, and generally low prices for feed grains and oilseeds. Since then, futures prices sustained a multi-week rally, fueled by a weakening dollar, technical short covering from speculative funds, and […]
USW Market and Crop Information Reports Provide Valuable, Timely Information
U.S. Wheat Associates (USW) is committed to helping customers get the wheat they want at the best value possible by providing critical market and crop information throughout the year. USW works closely with a network of traders, extension specialists, market contacts, USDA staff and, of course, our colleagues in overseas offices to analyze and update […]
Volatile Wheat Markets Highlight Unexpected Opportunities
In late May, U.S. Wheat Associates (USW) reported on bullish wheat market sentiment, driven by adverse weather and changing supply and demand conditions. Since then, the volatility that has remained a constant in wheat markets for more than two years returned. From May 24 to June 21, CBOT, KCBOT, and MGEX wheat futures dropped 69 […]
Initial 2024/25 Estimates Add to Bullish Market Sentiment
Topping off a volatile, weather driven week, the May World Agricultural Supply and Demand Estimates (WASDE), released on May 10, 2024, forecast a tighter global wheat balance sheet and decreased production in several major wheat exporting countries. Moreover, USDA foresees factors that contribute to bullish market sentiment. It expects both world production and consumption to […]
Key Market Mover: Weather Developments Generate Wheat Price Rally
Across the Northern Hemisphere, wheat price and crop development are dominating market discussion. Soon, the first harvests of the 2024/25 crop year will provide more concrete information on supply availability and quality. Until then, weather conditions will play a crucial role in global grain markets as winter wheat enters late growth stages and spring wheat […]
Marketing Year 2023/24 Countdown; First Look at New Crop U.S. Wheat Sales
With just 6 weeks left in marketing year (MY) 2023/24, many buyers are locking in purchases for June and July shipment, shifting much of the export focus to MY 2024/25, or “new crop,” U.S. wheat sales that are gradually ramping up at a faster pace compared to a year ago. The following will outline MY […]
Articles of Interest – The Latest News About the U.S. Wheat Crop
Every weekday, U.S. Wheat Associates (USW) searches U.S. and global media for news about the U.S. wheat crop and the world wheat market. USW shares the news of the day as a service to our domestic stakeholders. The articles of interest on Monday, April 29, summarized below also have value for our overseas customers. Wheat […]
Shifted Trade Flows: Black Sea Durum Enters the Global Market
World durum supplies were tight early in marketing year 2023/24 as drought in the Middle East and Canada and quality issues in the European Union (EU) decreased durum availability and put upward pressure on global durum prices. However, as the marketing year continued, non-traditional durum exports from Russia and Türkiye began flooding markets with low-priced […]