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Tag "Stephanie Bryant-Erdmann"

Wheat: Crop Conditions Fall as Drought Worsens

Wheat: Crop Conditions Fall as Drought Worsens

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Feb 8, 2018

Farmers will tell you that winter wheat is a hardy plant; but for the current U.S. winter wheat crop, one of its most important inputs, water, is increasingly in short supply. The Feb. 1 U.S. Drought Monitor showed that drought ranging from

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Wheat Market: Global Supplies of High Protein Wheat Keep Tightening

Wheat Market: Global Supplies of High Protein Wheat Keep Tightening

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Jan 25, 2018

In the Nov. 2, 2017, issue of “Wheat Letter,” we analyzed the tight supply of high protein U.S. wheat (minimum of 13.0 percent protein at 12 percent moisture basis (mb)) and its effects on pricing. The latest production and quality

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Wheat Market: Sustained Demand in a New Price Environment

Wheat Market: Sustained Demand in a New Price Environment

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Jan 11, 2018

Six months into marketing year 2017/18 (June to May), total U.S. export sales of 19.5 million metric tons (MMT) are 8 percent behind last year’s pace according to USDA Export Sales data through Jan. 4. However, the estimated total value

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Wheat Market: Futures Tumble, While Protein Premiums Soar

Wheat Market: Futures Tumble, While Protein Premiums Soar

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Dec 14, 2017

As the Dec. 12 World Agricultural Supply and Demand Estimate (WASDE) confirms, global wheat supplies are at a record high this year. USDA increased its estimate for 2017/18 global wheat production to 755 million metric tons (MMT), up slightly from

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Wheat Market: USDA Projects Shifting Supplies, Location Will Impact Quality, Availability

Wheat Market: USDA Projects Shifting Supplies, Location Will Impact Quality, Availability

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Oct 19, 2017

USDA expects a lower world wheat production in 2017/18 of 751 million metric tons (MMT) (27.6 billion bushels), down slightly from the record high 754 MMT (27.7 billion bushels) in 2016/17 but 5 percent above the 5-year average. If realized,

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U.S. Wheat Sales on Pace to Match 5-Year Average

U.S. Wheat Sales on Pace to Match 5-Year Average

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Sep 7, 2017

Three months into the 2017/18 marketing year (June to May), total U.S. export sales-to-date of 12.1 million metric tons (MMT) are 2 percent ahead of last year’s pace and in line with the 5-year average pace. Though hard red winter

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Wheat Market: Opportunities Abound for Customers to Lock-in Competitive Prices

Wheat Market: Opportunities Abound for Customers to Lock-in Competitive Prices

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Aug 24, 2017

Sharply lower U.S. wheat production pushed futures prices to 2-and 3-year highs earlier this summer. However, bearish factors have recently pushed prices down. And when wheat futures are under pressure, wheat importers have the opportunity to lock in competitive prices

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Grain Markets: World Wheat Consumption Increases, Spring Wheat in Short Supply

Grain Markets: World Wheat Consumption Increases, Spring Wheat in Short Supply

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Aug 10, 2017

USDA increased its estimates for world wheat production, consumption and trade in its August World Agricultural Supply and Demand Estimates (WASDE) report released today. USDA forecast global wheat production at 743 million metric tons (MMT), 3 percent above the 5-year average

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Wheat Market: Diminishing Low Protein Premiums Add Value to Soft White Export Supplies

Wheat Market: Diminishing Low Protein Premiums Add Value to Soft White Export Supplies

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Jul 27, 2017

Four consecutive years of drought, which shrunk soft white (SW) production and increased average protein levels, had the market rationing demand through low protein premiums. Now, after two years of more normal weather patterns, low protein premiums are quickly disappearing

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Wheat Market: U.S. Production to Fall to Lowest Level Since 2002-03

Wheat Market: U.S. Production to Fall to Lowest Level Since 2002-03

👤By Stephanie Bryant-Erdmann, USW Market Analyst 🕔Jul 13, 2017

USDA forecast U.S. 2017/18 wheat production at 47.9 million metric tons (MMT), down 24 percent year over year and 18 percent below the 5-year average. The reason: an anticipated 12 percent decline in average yield and the lowest planted acres

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