Wheat Market: Futures on a Powder Keg Ahead of USDA Report

🕔Aug 9, 2018Wheat prices are in for a wild ride. Just last week, all it took to trigger a limit up move in futures prices was a rumor that Ukraine might restrict […]

Wheat Market: Lower Futures – An Anomaly and Excellent Opportunity

🕔Jul 26, 2018There is an old saying: “When there’s blood on the streets, buy property.” Given recent price movements, that could easily be changed to: “When trade policies are in the news, […]

Wheat Market: USDA Decreases World Production on Dry Conditions

🕔Jul 12, 2018USDA 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 […]

Wheat Market: Strong Demand Pushes Global Prices Higher

🕔Jun 28, 2018With 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 […]

Wheat Market: U.S. Farmers Have What the World Needs

🕔Jun 14, 2018In its June World Agriculture Supply and Demand Estimates (WASDE), the U.S. Department of Agriculture (USDA) noted that global wheat consumption is expected to exceed global wheat production for the […]

Wheat Market: U.S. Production Raised Despite Lower HRW Outlook

🕔May 17, 2018With 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 […]

Wheat Tour Scouts Expect Sharply Lower 2018/19 Production

🕔May 3, 2018This 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., […]

Wheat Market: Competing for Acres – 2018/19 Global Production to Fall

🕔Apr 19, 2018At 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 […]

Wheat Market: As Always, Weather Is the Wildcard for Planting, Production

🕔Apr 5, 2018According 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. […]

China’s Response to New U.S. Tariffs Will Hurt U.S. Wheat Farmers

🕔Apr 4, 2018With the announcement today that China intends to retaliate against the latest proposed U.S. tariffs, hard-working U.S. farmers are clearly in the line of fire from what looks more and […]

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