As Always, Weather Is the Wildcard for U.S. Wheat Planting and Production
By Stephanie Bryant-Erdmann, USW Market Analyst According to the March 29 USDA Prospective Plantings report, U.S. total spring-planted area will jump to an estimated 14.1 million acres (5.71 million hectares), 12 percent above 2017/18, if realized. The estimate includes 12.1 million acres (4.90 million hectares) of hard red spring (HRS), up 17 percent from 2017, if realized. […]
Global Winter Wheat Condition a Mixed Bag
By Stephanie Bryant-Erdmann, USW Market Analyst The end of March heralds not only the beginning of spring — a crucial time for both winter and spring wheat production — but also the first round of winter wheat condition reports. Black Sea — Snow across Russia and Ukraine is providing much needed protection from the recent […]
2018/19 U.S. Wheat Planted Area Expected to Increase Despite Dry Conditions
By Stephanie Bryant-Erdmann, USW Market Analyst Total U.S. planted wheat area will rise 500,000 acres (202,000 hectares) in 2018/19 due to an expected increase in spring wheat area (including durum) according to Joanna Hitchner of the USDA World Agricultural Outlook Board. The USDA held its annual Agricultural Outlook Forum on Feb. 22 to 23, where […]
Early Estimates Expect 2018/19 Wheat Production to Fall in the Black Sea
By Stephanie Bryant-Erdmann, USW Market Analyst USDA will issue its first 2018/19 U.S. wheat production estimate on Feb. 23 at its Annual Agricultural Outlook Forum, rounding out the estimates already available for Northern Hemisphere wheat exporting countries. Following is a by-country summary of current production estimates. Canada. Agriculture and Agri-Food Canada (AAFC) forecasts 2018/19 Canadian […]
U.S. Crop Conditions Fall as Drought Conditions Worsen
By Stephanie Bryant-Erdmann, USW Market Analyst Farmers will tell you that winter wheat is a hardy plant; but for the current U.S. winter wheat crop, one of its most important inputs, water, is increasingly in short supply. The Feb. 1 U.S. Drought Monitor showed that drought ranging from abnormally dry to extreme, affects most of […]
Global Supplies of High Protein Wheat Keep Tightening
By Stephanie Bryant-Erdmann, USW Market Analyst In the Nov. 2, 2017, issue of “Wheat Letter,” we analyzed the tight supply of high protein U.S. wheat (minimum of 13.0 percent protein at 12 percent moisture basis (mb)) and its effects on pricing. The latest production and quality analysis suggests that global high protein wheat production in […]
Sustained Demand for U.S. Wheat in a New Price Environment
By Stephanie Bryant-Erdmann, USW Market Analyst Six months into marketing year 2017/18 (June to May), total U.S. export sales of 19.5 million metric tons (MMT) are 8 percent behind last year’s pace according to USDA Export Sales data through Jan. 4. However, the estimated total value of U.S. wheat export sales is 4 percent greater […]
World Wheat Conditions Roundup
By Stephanie Bryant-Erdmann, USW Market Analyst With the Northern Hemisphere 2017/18 wheat crop now safely in the bin, all eyes are now watching Southern Hemisphere harvest progress and the condition of the Northern Hemisphere’s winter wheat. Here are brief summaries of current harvest progress and winter wheat crop conditions around the world. Southern Hemisphere Harvest. […]
Wheat Futures Tumble, While Protein Premiums Soar
By Stephanie Bryant-Erdmann, USW Market Analyst As the Dec. 12 World Agricultural Supply and Demand Estimate (WASDE) confirms, global wheat supplies are at a record high this year. USDA increased its estimate for 2017/18 global wheat production to 755 million metric tons (MMT), up slightly from 2016/17 and a new record high. If realized, it […]
USDA Reports Offer Early Snapshots of 2018/19 U.S. Winter Wheat Crop
From USDA and Media Reports Hours of work will come to fruition this week for market analysts at USDA and the farmers and buyers they serve. The results of some new reports provide an early look at the next U.S. winter wheat crop, which includes hard red winter (HRW), soft red winter (SRW) and fall-planted […]
