USDA Decreases World Wheat Production on Dry Conditions
By Stephanie Bryant-Erdmann, USW Market Analyst USDA raised 2018/19 U.S. wheat production to 51.2 million metric tons (MMT), up 8 percent from 2017/18, if realized. Along with the increase, USDA also released its first U.S. by-class forecast for U.S. wheat. Increases in hard red spring (HRS), soft red winter (SRW) and soft white (SW) wheat […]
Strong Demand Pushes Global Wheat Prices Higher
By Stephanie Bryant-Erdmann, USW Market Analyst With the world consuming more wheat than it produces for the first year since 2012/13, prices are also on the rise. According to Global Trade Atlas data, the average global wheat price increased 4 percent year over year to $203 per metric ton (MT) in 2017/18 (June 1 to […]
USW Harvest Reports Now Posting Every Friday
Generally cool spring conditions delayed the start of the 2018/19 U.S. winter wheat harvest, but the combines are now in the fields and U.S. Wheat Associates (USW) published a preliminary Harvest Report on May 25. USW Harvest Reports are published every Friday afternoon, Eastern Daylight Time, throughout the season with updates and comments on harvest […]
Even with Lower HRW Outlook, U.S. Wheat Production Called Up for 2018/19
By Stephanie Bryant-Erdmann, USW Market Analyst With the small, stressed hard red winter (HRW) wheat crop getting the lion’s share of attention, it was an initial surprise to read in USDA’s May World Agricultural Supply and Demand Estimates (WASDE) that U.S. wheat production is expected to increase to 49.6 million metric tons (MMT) in 2018/19. […]
Wheat Tour Scouts Expect Sharply Lower 2018/19 Production
By Stephanie Bryant-Erdmann, USW Market Analyst This week I joined the annual Wheat Quality Council (WQC) Hard Red Wheat (HRW) Tour for an early survey of the new crop. Each year, participants gather in Manhattan, Kan., and spend the next two and a half days in small scout teams, randomly stopping at 14 or more […]
Competing for Acres: 2018/19 Global Wheat Production to Fall
By Stephanie Bryant-Erdmann, USW Market Analyst At first glance, the USDA April 10 World Agricultural Supply and Demand Estimates (WASDE) held very few surprises for wheat. Most reviewers would consider this a bearish report with another increase in predicted U.S. and global wheat ending stocks. However, a somewhat unnoticed factor was increased global wheat feed […]
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 […]