New Study Examines Shifts in Global Agricultural Trade
Participants at the U.S. Agricultural Export Development Council annual meeting, Nov. 14 and 15, 2017, in Baltimore, Md., got an early look at a new study indicating that developing countries have been competing quite effectively in global agricultural trade. In addition, the study showed that agricultural products are often classified as “sensitive products” in trade […]
Latest USDA Forecast Accounts for Increased U.S. Wheat Export Demand
By Steve Mercer, USW Vice President of Communications USDA market analysts cited Iraq’s major purchase of hard red winter (HRW) wheat as the specific basis for a significant drop in U.S. ending stocks in the November World Agricultural Supply and Demand Estimates (WASDE) report. The report correspondingly put its total U.S. export forecast for 2017/18 […]
U.S. High-Protein Wheat Supplies Tightening
By Stephanie Bryant-Erdmann, USW Market Analyst The common refrain right now is “the world is awash with wheat.” While that is true in the aggregate, in terms of milling wheat and, more specifically, high-protein milling wheat, supply is very tight. The impact of the small supply of high-protein milling wheat can be seen in the […]
Shifting Destinations of U.S. Wheat Exports
By Stephanie Bryant-Erdmann, USW Market Analyst Over the past twenty years, roughly 10 MMT of U.S. wheat exports have shifted from price sensitive markets to quality-driven markets. Consumption in quality-driven markets in Southeast Asia and Latin America increased an average 2 percent annually over the past ten years, according to USDA. In 1995/96, the top […]
USDA Projects Shifting Supplies of Wheat, Location Will Likely Impact Quality and Availability
By Stephanie Bryant-Erdmann, USW Market Analyst USDA expects a lower world wheat production in 2017/18 of 751 million metric tons (MMT) (27.6 billion bushels), down slightly from the record high 754 MMT (27.7 billion bushels) in 2016/17 but 5 percent above the 5-year average. If realized, it would be the first production decline since 2012/13. […]
USW Reviews Crop Quality for the 2017/18 Hard Red Spring, Soft White and Durum Crops
USW and its partner organizations have completed the crop quality analysis of the 2017/18 U.S. hard red spring (HRS), soft white (SW) and durum crops. The final data is summarized below. The complete analyses will appear in class-specific reports and USW’s 2017 Crop Quality Booklet, and shared with hundreds of customers around the world as […]
Good Functional Characteristics, Lower Average Protein Mark New HRW Crop
USW and its partner organizations have completed the crop quality analysis of the 2017/18 U.S. hard red winter (HRW) crop. The final data is summarized below. The complete analysis will appear in both a class-specific report and USW’s 2017 Crop Quality Booklet, and shared with hundreds of customers around the world as part of USW’s […]
USDA Reports Smallest U.S. Harvested Area in 127 Years
By Stephanie Bryant-Erdmann, USW Market Analyst USDA’s Sept. 30 Small Grains Summary reported that U.S. farmers harvested 37.6 million acres (15.2 million hectares) of wheat for the 2017/18 crop, a 14 percent reduction from 2016/17 and the smallest harvested area since 1890. USDA estimated U.S. 2017/18 wheat production at 47.4 million metric tons (MMT) (1.74 […]
Taking Stock of the 2017/18 World Wheat Crop
By Stephanie Bryant-Erdmann, USW Market Analyst USDA’s latest forecast of total world wheat production stands at 745 million metric tons (MMT), down 1 percent from 2016/17. Though USDA expects global wheat production to decrease by 8.46 MMT, it expects global wheat consumption to remain high at 737 MMT, down 1.13 MMT from the 2016/17 record. […]
U.S. Wheat Sales on Pace to Match 5-Year Average
By Stephanie Bryant-Erdmann, USW Market Analyst Three months into the 2017/18 marketing year (June to May), total U.S. export sales-to-date of 12.1 million metric tons (MMT) are 2 percent ahead of last year’s pace and in line with the 5-year average pace. Though hard red winter (HRW) and hard red spring (HRS) sales are currently […]