Wheat Market: U.S. Export Sales Pace Remains Strong Jan 7, 2021

🕔Jan 7, 2021
Seven months into marketing year 2020/21, USDA currently forecasts total U.S. wheat exports will reach 26.8 million metric tons (MMT), which, if realized, would be 2% more than 2019/20 and […]

U.S. Wheat Export Basis to Remain High Until March 2021 Dec 11, 2020

🕔Dec 11, 2020
Since June, U.S. Wheat Associates (USW) has carefully tracked the relationship between limited export elevation capacity and high U.S. wheat export basis values. Significantly greater Chinese demand for U.S. agricultural […]

U.S. Wheat Commercial Sales Significantly Ahead of Last Year’s Pace Nov 12, 2020

🕔Nov 12, 2020
USDA currently estimates the United States will export 26.5 million metric tons (MMT) of wheat in 2020/21, 1 percent ahead of last year’s pace, if realized. Four months into marketing […]

Great Plains Wheat: Dry Weather Brings Opportunities, Challenges Oct 29, 2020

🕔Oct 29, 2020
Persistent dryness is both a blessing and a curse to winter wheat farmers across the U.S. Plains states. Dry conditions accelerated the autumn row crop harvest, which allowed for quick […]

Wheat Market: Export Prices Firm on Higher Futures, Basis Values Oct 16, 2020

🕔Oct 16, 2020
It is no secret that wheat futures prices have reached unexpected heights recently. Higher futures prices usually pressure export basis values when farmers sell wheat “into the rally” because that […]

Wheat: Latest USDA Report Adjusts Earlier U.S. Production Estimates Oct 2, 2020

🕔Oct 2, 2020
On Sept. 30, USDA released its latest Small Grains Summary in which its estimate of 2020 U.S wheat production fell to 49.7 million metric tons (MMT). That is down 5 percent from […]

Wheat Market: Secondary Rail Rates, Tight Elevation Capacity Support Export Prices Sep 3, 2020

🕔Sep 3, 2020
Gulf and Pacific Northwest (PNW) hard red spring (HRS) and hard red winter (HRW) basis values have jumped significantly in the last month due to increased domestic secondary rail rates […]

Wheat Market: Trade Policy, Competitive Prices Support U.S. Export Sales Aug 6, 2020

🕔Aug 6, 2020
USDA estimates the United States will export 25.9 million metric tons (MMT) of wheat in 2020/21, 2 percent behind last year’s pace if realized. However, two months into marketing year […]

Grain Markets: Limited Elevation Capacity Supports Gulf Wheat Export Basis Jun 25, 2020

🕔Jun 25, 2020
A swift uptick in export demand for U.S. soybeans, corn and sorghum is limiting export elevation capacity out of the Center Gulf, which supports nearby Gulf export basis for all […]

Wheat Market: Commercial U.S. Export Sales Top USDA Estimate Jun 11, 2020

🕔Jun 11, 2020
Despite challenging market factors, U.S. wheat exports for marketing year (MY) 2019/20, which ended May 31, totaled 26.9 million metric tons* (MMT) (988 million bushels), ahead of USDA’s export volume […]

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