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 […]
Opportunities Abound for Customers to Lock-in Competitive Prices
By Stephanie Bryant-Erdmann, USW Market Analyst Sharply lower U.S. wheat production pushed futures prices to 2-and 3-year highs earlier this summer. However, bearish factors have recently pushed prices down. And when wheat futures are under pressure, wheat importers have the opportunity to lock in competitive prices and maybe even find some bargains. Chicago Board of […]
Diminishing Low Protein Premiums Add Value to Soft White Export Supplies
By Stephanie Bryant-Erdmann, USW Market Analyst Four consecutive years of drought, which shrunk soft white (SW) production and increased average protein levels, had the market rationing demand through low protein premiums. Now, after two years of more normal weather patterns, low protein premiums are quickly disappearing providing an excellent buying opportunity for U.S. wheat customers. […]
U.S. Wheat Production to Fall to Lowest Level Since 2002/03
USDA forecast U.S. 2017/18 wheat production at 47.9 million metric tons (MMT), down 24 percent year over year and 18 percent below the 5-year average. The reason: an anticipated 12 percent decline in average yield and the lowest planted acres since USDA records began in 1919. However, USDA expects 2017/18 U.S. beginning stocks to total […]
Profiling U.S. Wheat Sustainability: Bob Johns, Soft White Wheat Farmer
By Emily McGarry, USW Policy Intern Bob Johns farms in northeast Oregon, and he would tell you that he’s been farming since the day he was born. Johns’ 5,000-acre farm has been in the family since 1873, but he is ready to retire soon. Since there is no family to take over, he is handing […]
Profiling U.S. Wheat Sustainability
By Elizabeth Westendorf, USW Policy Specialist In 2016, Field to Market published its third National Indicators Report that assessed sustainability metrics in U.S. agriculture and looked at production of each crop on a national scale. Based on its environmental indicators, the report showed that wheat production has continued to improve, with particular progress in reducing […]
Outlook for 2017/18 U.S. Winter Wheat Plantings
By Stephanie Bryant-Erdmann, USW Market Analyst U.S. farmers made critical decisions last fall while they had bins full of wheat from record-breaking yields with prices near ten-year lows. Therefore, it is no surprise that many farmers chose to decrease their winter wheat planted area. USDA’s 2017/18 winter wheat seeding report released Jan. 12 reported U.S. […]
