Production Outlook: Turning a Corner in 2024
As harvest rolls throughout the U.S. Plains, farmers see the culmination of their year’s hard work and investment as crops move from field to bin, eventually becoming products consumed worldwide. After three years of drought that reduced yields, impacted quality, and drove near-record abandonment, the 2024 harvest season stands out as the most promising in […]
Initial 2024/25 Estimates Add to Bullish Market Sentiment
Topping off a volatile, weather driven week, the May World Agricultural Supply and Demand Estimates (WASDE), released on May 10, 2024, forecast a tighter global wheat balance sheet and decreased production in several major wheat exporting countries. Moreover, USDA foresees factors that contribute to bullish market sentiment. It expects both world production and consumption to […]
Marketing Year 2023/24 Countdown; First Look at New Crop U.S. Wheat Sales
With just 6 weeks left in marketing year (MY) 2023/24, many buyers are locking in purchases for June and July shipment, shifting much of the export focus to MY 2024/25, or “new crop,” U.S. wheat sales that are gradually ramping up at a faster pace compared to a year ago. The following will outline MY […]
Articles of Interest – The Latest News About the U.S. Wheat Crop
Every weekday, U.S. Wheat Associates (USW) searches U.S. and global media for news about the U.S. wheat crop and the world wheat market. USW shares the news of the day as a service to our domestic stakeholders. The articles of interest on Monday, April 29, summarized below also have value for our overseas customers. Wheat […]
New USDA Report Estimates Less Wheat Planting, More Ending Stocks
On March 28, the United States Department of Agriculture (USDA) released its yearly Prospective Plantings and quarterly Grains Stocks reports. The reports provide crucial insights to U.S. wheat importers as we enter the concluding months of the 2023/24 marketing year and look ahead to the 2024 harvest. This article will analyze USDA’s recent reports on […]
Market Analyst Shares Crop Quality Seminar Experience, Customer Feedback
Following is USW Market Analyst Tyllor Ledford’s report on her participation in the 2023 Crop Quality Seminars. She appears on the left in the photo above with Regional Vice President for South and Southeast Asia Joe Sowers and Assistant Regional Director Joe Bippert at the Crop Quality Seminar in Bangkok, Thailand. For many, the month […]
Education Plays Pivotal Role in Grain Procurement
Earlier this month, flour mill executives, grain procurement managers, and representatives of state trading companies from 19 countries (photo above) traveled to Fargo, N.D., sponsored by U.S. Wheat Associates (USW) to participate in the Grain Procurement Short Course for Importers at the Northern Crops Institute (NCI). USW and NCI believe customer engagement, supply chain transparency, […]
U.S. Soft White Wheat Production: It’s Dry, But Too Early in Harvest to Determine 2023 Yield
Amid this year’s volatile markets and relatively slow demand, U.S. soft white wheat (SW) has provided many customers with buying opportunities, positioning itself as one of the most competitive classes of U.S. wheat. In recent months, dryness in the Pacific Northwest (PNW) this spring dominated market news and discussions about quality. As harvest ramps up […]
The Wheat Marketing Year in Review
Final export commitment data for marketing year (MY) 2022/23 that ended May 31 is now available, providing an overview of the year’s export and demand trends. In this article, we will look back on the MY 2022/23 demand trends and current MY 2023/24 data to provide context for the year to come as the world […]
USDA Reports Confirm the Tight U.S. Wheat Balance Sheet
On March 31, the United States Department of Agriculture (USDA) released its yearly Prospective Plantings Report, and Quarterly Grains Stocks reports. The reports provide valuable insights for U.S. wheat importing customers as we enter the final two months of the 2022/23 marketing year and look ahead to the 2023 harvest. In this article, we will […]
