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 […]
Human Wheat Consumption Sets New Record
By Stephanie Bryant-Erdmann, USW Market Analyst USDA expects global wheat consumption to remain at record high levels in 2018/19 due to increased human consumption. Human wheat consumption is expected to reach a record high 602 million metric tons (MMT), 4 percent above the 5-year average. Over the past ten years, global human wheat consumption has […]
Global Production Shortfall, Record Consumption Among USDA Wheat S&D Highlights
By Stephanie Bryant-Erdmann, USW Market Analyst This week, U.S. Wheat Associates (USW) holds its 2018 Fall Board of Directors meeting. At each board meeting, the USW Market Analyst presents an update on world and U.S. wheat supply and demand factors based on information from the U.S. Department of Agriculture, as of Oct. 11, 2018. Following […]
USDA Leaves U.S. Wheat Exports Unchanged, Supported By Decreasing Global Wheat Production
By Stephanie Bryant-Erdmann, USW Market Analyst USDA updated its monthly World Agricultural Supply and Demand Estimates (WASDE) on Oct. 11, showing the United States to have the largest exportable supply of wheat in the world in 2018/19 following devastating losses in the European Union (EU) and Australia, and decreased production in Russia. Due to the […]
USDA Confirms Ample U.S. Wheat Supply in 2018/19, Reassures Customers About Availability
By Stephanie Bryant-Erdmann, USW Market Analyst On Sept. 28, USDA released its Small Grains Summary noting that 2018/19 U.S. wheat production increased to 51.3 MMT, up 8 percent from last year due to improvements in both average yield and harvested area. While this is still 8 percent below the 5-year average of 55.8 MMT, the […]
Weather Continues to Affect Global Wheat Production
By Stephanie Bryant-Erdmann, USW Market Analyst USDA expects global wheat production to fall to the lowest level in 5 years at 733 million metric tons (MMT), down 3 percent from the record high of 758 MMT in 2017/18. If realized, it would be slightly below the 5-year average. This downturn is, unfortunately, led by […]
Export Policies Shrink Global Wheat Supply, Increase Uncertainty
By Stephanie Bryant-Erdmann, USW Market Analyst It is no secret that global wheat production will fall this year due to unfavorable weather across the European Union (EU), Black Sea — Kazakhstan, Russia and Ukraine — and Australia. However, government policies are further constraining the global wheat supply, increasing costs and uncertainty for global wheat buyers. […]
Can U.S. Wheat Exports Reach USDA’s 27.9 MMT Estimate?
By Stephanie Bryant-Erdmann, USW Market Analyst On Aug. 10, USDA increased its U.S. wheat export forecast to 27.9 million metric tons (MMT), up 14 percent from 2017/18, if realized. With 2018/19 global wheat production falling to 730 MMT, down 4 percent year over year, and supply in exporting countries shrinking to the lowest level in […]
Shrinking Global Wheat Production Could Be Bullish for Farmers
By Stephanie Bryant-Erdmann, USW Market Analyst USDA updated its monthly World Agricultural Supply and Demand Estimates (WASDE) on August 10 and expects the global wheat supply and demand situation to be more favorable for U.S. farmers this year due to shrinking global wheat production. USDA lowered its global wheat production estimate by 6.63 million metric […]
Ahead of USDA Report, Wheat Futures on a Powder Keg
By Stephanie Bryant-Erdmann, USW Market Analyst Wheat prices are in for a wild ride. Just last week, all it took to trigger a limit up move in futures prices was a rumor that Ukraine might restrict milling wheat exports. Although the market took back most of those gains after the rumor was retracted, Chicago soft […]
