Positioned to Return More Value to Wheat Buyers and Producers
By Vince Peterson, USW President Recently, I was searching online for some wheat market information to share at an upcoming meeting. I saw a headline that asked: “What country exports the most wheat?” Great, I thought, here we go again with more propaganda about Russia beating the United States in the global wheat export market […]
Key Facts from USDA’s February 2019 World Wheat Supply and Demand Report
By Claire Hutchins, USW Market Analyst In its February 2019 World Agricultural Supply and Demand Estimates (WASDE) report, USDA predicted global wheat production to fall 3 percent below last year’s volume to 735 million metric tons (MMT) due to significant weather challenges in the European Union (EU), Russia, and Australia. EU production of 136 MMT […]
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 […]
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 […]
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 […]
A Mid-Season Look at the U.S. Winter Wheat Harvest for Buyers
U.S. farmers are making good progress now on the second half of their 2018 winter wheat harvests and U.S. Wheat Associates (USW) wants to provide a mid-season look at winter wheat harvest and quality in this “Wheat Letter” entry. USW publishes a new Harvest Report every Friday on this website. Soft Red Winter (SRW) […]