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Information You Need
Throughout the year, wheat producers, buyers, and users can monitor critical information about the U.S. wheat crop and market conditions.

Every Friday afternoon (ET), U.S. Wheat Associates (USW) publishes a Price Report, compiled through information from numerous market sources, including U.S. wheat exporters of all classes from various U.S. ports (the prices reported are not intended to represent offers nor should importers of U.S. wheat rely upon them as such). The Price Report includes FOB and futures prices, and ocean freight and currency exchange rates. An interactive Charting Feature, allowing the user to track and compare prices and basis over time to improve risk management, is also provided.

USW also compiles and posts a Commercial Sales report every Thursday afternoon (ET) using USDA data. The Commercial Sales report tracks year-to-date and historic export sales for all six U.S. wheat classes.

Every month, within a few days after USDA releases its World Agricultural Supply and Demand Estimates report, USW updates and posts a Supply and Demand analysis of the global wheat market.

USW provides weekly Harvest Reports on Fridays beginning when the U.S. wheat hard red winter and soft red winter harvest starts in late-May or June. There are reports for each class, including comments on crop conditions, harvest progress, and crop quality information as the data are compiled.

After the U.S. harvest is complete, USW publishes a detailed Crop Quality Report including data for all classes of U.S. wheat. The report provides information that can be very helpful to importers to specify their needs and get the best value in their purchase contracts. USW representatives share this data with buyers in person and at annual USW Crop Quality Seminars.

USW also publishes Wheat Letter every other Thursday, and an Annual Report to U.S. wheat producers. Click here to subscribe to Wheat Letter.




ACTIVITIES
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PRICE REPORT
The Harvest

May 10, 2013

All three wheat contracts closed lower this week due to a sharp drop on Friday following USDA’s first 2013/14 global supply and demand report. Forecasts for record-large world wheat production, unexpectedly high carryout stocks and a 31 percent increase in U.S. corn production pressured wheat futures. Earlier in the week, HRW and HRS contracts found support from poor crop conditions and slow planting progress, respectively. MGEX May contract lost 1 cent on the week to close at $8.58/bu. CBOT May wheat closed 15 cents lower at $6.97/bu and KCBT fell 19 cents to $7.72/bu.

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Harvest Report

May 17, 2013

Generally, the 2013 HRW crop is 10 days to 2 weeks behind normal compared to 2 weeks ahead of normal development this time last year. Harvest has just begun in extreme southern Texas. Oklahoma is reported to be 29% behind the normal heading date with 46% of the crop rated as poor to very poor. The overall crop from western Texas northward to western Nebraska and east to South Dakota has been devastated by either drought or freeze damage or a combination of both. Some wheat fields in these areas have already been abandoned and will not be harvested, and a few irrigated fields with freeze damage have been baled.

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