Ag Trade: One Year Later – ‘Phase One’ Deal Producing Results for U.S. Wheat Jan 21, 2021

🕔Jan 21, 2021
Just over a year ago, on Jan. 15, 2020, the U.S.-China “Phase One” agreement was signed, leading to the eventual waiver of China’s retaliatory tariffs against U.S. agricultural products. Those […]

Global Markets: Wheat – Despite Restrictions, Russia to Reclaim Top Export Position Jan 15, 2021

🕔Jan 15, 2021
In December 2020, the Russian government announced trade-restrictive measures for certain grains and oilseed products in response to high domestic prices. This comes despite record wheat production and near-record production […]

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 […]

Global Markets: Wheat – Global Prices Supported by Record Imports Dec 11, 2020

🕔Dec 11, 2020
Wheat prices for major consuming and exporting countries surged from last year despite record global production and ending stocks. Prices found support, in part, from record global imports and consumption […]

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 […]

WASDE Wheat: Higher Exports, Lower Ending Stocks Dec 10, 2020

🕔Dec 10, 2020
The outlook for 2020/21 U.S. wheat this month is for slightly smaller supplies, unchanged domestic use, higher exports, and lower ending stocks. Supplies are reduced on lower imports, which are […]

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 […]

Global Markets: Wheat – Turkey’s Govt. Eliminates Import Taxes as Domestic Prices Surge Nov 11, 2020

🕔Nov 11, 2020
To combat food-price inflation, a Presidential Decree was issued in October that eliminates Turkey import taxes on wheat, corn, and barley. By reducing tariffs on wheat from 45 percent to […]

WADE Wheat: Increased Domestic Use, Reduced Ending Stocks Nov 10, 2020

🕔Nov 10, 2020
The outlook for 2020/21 U.S. wheat this month is for stable supplies, higher domestic use, unchanged exports, and reduced ending stocks. Domestic use is raised, primarily on higher food use, […]

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 […]

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