Central and Southern Plains HRW is Generally Dry and Vulnerable to Frost Damage
By Stephanie Bryant-Erdmann, USW Market Analyst USDA reported state planted area statistics for hard red winter (HRW), soft red winter (SRW) and soft white (SW) winter wheat in its Jan. 12 Winter Wheat and Canola Seeding Report. At this week’s Wheat Quality Council and Plains Grains Inc. board meetings in Kansas City, MO, however, HRW […]
Winter Weather and Strong U.S. Grain Demand Add Up to Unusual Port Delays
By Stephanie Bryant-Erdmann, USW Market Analyst The sharp inverse in export basis between March delivery and April delivery for U.S. wheat at both Gulf and Pacific Northwest (PNW) ports indicates that exporters have faced logistical challenges during a brutally cold and snowy winter. It also provides a savings opportunity for those customers who can wait […]
International Grains Council Sees a Smaller 2017/18 Wheat Harvest
By Stephanie Bryant-Erdmann, USW Market Analyst USDA will issue its first 2017/18 world wheat supply and demand estimates in May, but on Jan. 19 the International Grains Council (IGC) provided an early look ahead at the next marketing year. IGC pegged 2017/18 world wheat production at 735 million metric tons (MMT), down 2 percent from […]
World Wheat Supply and Demand Situation and Outlook
By Stephanie Bryant-Erdmann, USW Market Analyst The USDA pegged 2016/17 world wheat production at 753 MMT (27.6 billion bushels), up 2 percent from 735 MMT (27.0 billion bushels) in 2015/16 and 6 percent above the 5-year average. If realized, it would be the fourth consecutive year of record wheat world production. USDA projects production will […]
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. […]
Wheat Exports Rebounding: Even More Impressive on Value
By Stephanie Bryant-Erdmann, USW Market Analyst 2016 ended on a high note for U.S. wheat exports, which posted the largest volume of sales in the fourth quarter since 2010. From October through December, the United States exported 6.5 million metric tons (MMT) of wheat, 48 percent above last year’s sales and 28 percent greater than […]
Premiums Rise as Supplies of High Protein Wheat Fall
By Stephanie Bryant-Erdmann, USW Market Analyst As the Dec. 9 World Agricultural Supply and Demand Estimate (WASDE) confirms, global wheat supplies are at a record high this year. USDA increased its estimate for 2016/17 global wheat production to 751 million metric tons (MMT), up 2 percent from 2015/16 and 6 percent above the 5-year average. […]
