Tag Archives: marketing

China cancels large wheat purchases

From the Capital Press China recently canceled several orders of wheat from various countries, including the U.S. China canceled more than 500,000 metric tons of U.S. soft red winter wheat contracts purchased this year, said Tyllor Ledford, market analyst at U.S. Wheat Associates. China also canceled more than 1 million metric tons of contracts with Australia and 500,000 metric tons ... Read More »

Analyst: Wheat prices decline amid record Russian exports

From the Capital Press Wheat prices are at their lowest level since 2020, driven down primarily by burgeoning production from the Black Sea region, a wheat market analyst says. “The question is, ‘Have we hit bottom?’” Tyllor Ledford, market analyst for U.S. Wheat Associates, said. “The answer is, ‘I don’t know.’ … The whole world is waiting with bated breath ... Read More »

Geopolitical analyst to farmers: ‘Hire and borrow’ to expand in 2024

From the Capital Press A geopolitical analyst’s message to farmers for 2024: “Hire and borrow, hire and borrow, hire and borrow.” “We are in the cheapest and most abundant labor environment we are going to see for 22 years, and the cheapest capital we’re going to see for 12,” said Peter Zeihan, author of several books, including “The Accidental Superpower,” ... Read More »

Randy Fortenbery helps farmers navigate volatility, uncertainty

From the Capital Press Farmers usually have one main question for economist Randy Fortenbery. “They always want to know when the price is going to be better, and there’s not always a good answer for that,” Fortenbery said. Read the rest of the article here. Read More »

Wheat groups welcome new funding for food assistance, market development

U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) are pleased that U.S. wheat growers now have the opportunity to increase global food assistance and expand export market access under new U.S. Department of Agriculture (USDA) funding programs announced Oct. 24, 2023. USW and NAWG thank Secretary of Agriculture Tom Vilsack for releasing the new funds that ... Read More »

Tight global wheat story is stuck on repeat, supporting market bears

From Reuters Chicago wheat futures this week hit their lowest levels in almost three years, yet relative to demand, exportable global wheat supplies are expected to approach historic minimums by mid-2024. In theory, that news should limit further slippage in world wheat prices, but there is one problem: this is a recurring story that has yet to become reality. Read ... Read More »

US soft white wheat production: It’s dry, but too early in harvest to determine 2023 yield

From the U.S. Wheat Associates Wheat Letter Amid this year’s volatile markets and relatively slow demand, U.S. soft white wheat (SW) has provided many customers with buying opportunities, positioning itself as one of the most competitive classes of U.S. wheat. In recent months, dryness in the Pacific Northwest (PNW) this spring dominated market news and discussions about quality. As harvest ... Read More »

Russia halts Black Sea grain deal

From dtnpf.com Russia on Monday declined to extend the year-old agreement that has allowed Ukrainian grain to move out of Black Sea shipping ports, a move that immediately drove up commodity prices in response. Read the rest of the article here. Read More »

U.S. Farmers Respond To Higher Wheat Prices By Planting More

From U.S. Wheat Associates Since Russia’s unprovoked invasion of Ukraine sent them soaring one year ago, global and U.S. wheat prices have decreased significantly. Continued Black Sea Grain Corridor exports and improved production outlook in major exporters such as Russia and Australia have helped relieve the market of some supply pressure. Bulk ocean freight rates have also broken in favor ... Read More »

Russia Resumes Ukraine Grain-Export Deal in Abrupt Reversal

From bloomberg.com Russia agreed to resume a deal allowing safe passage of Ukrainian crop exports, abruptly reversing course after Turkey and the United Nations pushed ahead with the shipments over Moscow’s objections. Wheat prices dropped on the news. Read the entire article here. Read More »