World Wheat Prices Hover at Lower Levels With Bullish Factors Lurking
Since the start of the year, world wheat prices have consistently trended lower, with Russian wheat maintaining its position as the world’s cheapest origin. With the Northern Hemisphere wheat harvest now complete, it brings about the question: have markets touched their seasonal lows, and in what direction will they go next? In this article, we […]
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 […]
Changing Weather Patterns Could Favor U.S. Wheat Production
Over the last few weeks, we have analyzed several factors that are shifting or have the potential to shift U.S. wheat value toward wheat importers. A combination of lower futures prices, a break in dry bulk freight prices, an increase in planted area, and the potential for a weaker dollar all point to a wheat […]
Washington State University Economist Expects U.S. Wheat Prices Will Fall
By Matthew Weaver, Copyright © Capital Press, February 8, 2023, Excerpts Reprinted with Permission Wheat prices “probably won’t be quite as good [for farmers]” in 2023 as they were last year, a top grain economist says. “We won’t see last year’s prices, we’ll be several dollars short of that,” said Randy Fortenbery, the Thomas B. […]