U.S. wheat producers have had a productive trading relationship with several countries for many years. However, changing supply and demand factors in the global wheat market are also demanding change in where the U.S. must promote its wheat. Steve Wirsching, vice-president and director of the U.S. Wheat Associates (USW) West Coast office in Portland, said while prices for wheat may… Read more »
Future growth of E.U. wheat production will depend heavily on export opportunities in the global market — particularly in Africa, the Middle East and Southeast Asia, according to a new report from Rabobank. E.U.-28 wheat production has increased by roughly 25%, or 31 million tonnes, in the past 15 years, driven almost exclusively by yield growth, according to Rabobank’s latest… Read more »
The U.S. Department of Agriculture on Nov. 8 forecast the U.S. carryover of wheat on June 1, 2014, at 565 million bus, up 4 million bus from the September projection but down 153 million bus, or 21%, from 718 million bus in 2013. The forecast was above the average of pre-report trade estimates at about 527 million bus.