Wheat Industry News From Around the World
Speaking of Wheat “As president … I talked to experienced producers facing the realities of this downturn in the ag economy, and they feared they would not be able to secure operating credit in 2025 without some form of economic assistance. This legislation provides farmers with a bridge heading into next year. However … enacting […]
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 […]
Wheat Industry News
News and Information from Around the Wheat Industry Speaking of Wheat “The ongoing fighting [in Sudan] is preventing WFP from delivering critical emergency food, providing school meals for children, or preventing and treating malnutrition. WFP also cannot carry out its work to support farmers to boost agriculture productivity in a project that aims to more […]
Russian Intervention Has Fueled Every Wheat Price Spike Since 2007
Editor’s Note: On March 11, 2022, U.S. Wheat Associates (USW) President Vince Peterson commented on the Russian government’s role as a source of great uncertainty for the world’s wheat producers, sellers and buyers. One year later, the price disruption of Russia’s unprovoked invasion of Ukraine continues. While prices have settled since the invasion started, the […]
Ukrainian Wheat Farmers Struggle to Harvest Their Crop
As an export market development organization, U.S. Wheat Associates (USW) represents the interests of U.S. wheat farmers in overseas markets. We are happy to compete fairly with wheat farmers in other countries on the basis of functional quality and value. Yet, working for these hard-working farm families also gives us great empathy for wheat farmers […]
Export Bans Contrast with U.S. Wheat’s Commitment to an Open, Transparent Market
Consumers and suppliers both appreciate uniformity, the ability to purchase a reliable product that is available when needed. Customers of U.S. wheat know that dependable people grow and supply reliable wheat, which marks the difference between the U.S. wheat market and some competing suppliers. Freedom to Trade Free trade has been upheld in U.S. commerce […]
Russian Wheat Export Controls: They Are at It Again
By Michael Anderson, USW Assistant Director, West Coast Office On Nov. 13, 1991, the Chicago Tribune ran this headline: “Soviet Bread Prices Skyrocket By 600%.” Bread was already in short supply and if you bought it that morning, you would have paid 60 kopeks, by that afternoon it was 3.60 rubles. Apparently, the memory of […]
Reduced Wheat Production Estimates Boost Russian Export Prices
By Claire Hutchins, USW Market Analyst Extremely high temperatures and below-average precipitation levels prompted USDA to reduce its Russian wheat production forecast from 78.0 million metric tons (MMT) in its June World Agricultural Supply and Demand Estimates (WASDE) report to 74.2 MMT in its July WASDE report. That is a 5% reduction month over month. […]
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 […]
