U.S. Wheat Associates (USW) helped maintain strong demand for U.S. wheat in marketing year 2011/12 (June - May) by aggressively reminding overseas customers about our plentiful supply, excellent quality wheat and proven export system. With total commercial export sales exceeding 28.5 million metric tons* (MMT), the United States once again led world wheat trade. Expert technical assistance and reliable trade service will continue returning revenue as the U.S. Department of Agriculture (USDA) expects U.S. wheat export sales will grow to more than 31.0 MMT in 2012/13. *1 metric ton = 36.74 bushels
2011/2012 Trade Activities
Record world production added stability to the 2011/12 wheat market. As the year progressed, cheaper wheat supplies from the Black Sea region and other exporters declined and wheat competed with corn in world feed markets late in the year. USW kept buyers informed and 2011/12 U.S. wheat export sales to several countries hit record or near-record levels. Total sales beat USDA's original predictions and ended close to our five-year average. As 2012/13 started, U.S. wheat producers were again ready to lead world wheat trade.
Mabuhay! USW Celebrates Golden Anniversary in the Philippines. In Tagalog, "Mabuhay!" is a greeting that celebrates a happy life. Its joyous sentiment rang true when U.S. Wheat Associates (USW) celebrated 50 years of partnership with Filipino flour millers, bakers and noodle manufacturers in February 2012. "Few markets have shown such loyalty to U.S. wheat," said USW Assistant Regional Director Joe Sowers. "We have provided market intelligence and technical information and in return you have rewarded us by increasing wheat imports from 200,000 metric tons in 1961 to more than 2 million metric tons in 2011."
While U.S. farmers produce wheat of the highest quality, only about 50 percent of each year’s crop is consumed here at home. As a result, developing and growing U.S. wheat exports has a direct impact on farm gate prices. Through MAP and FMD, the federal government shares costs with U.S. farmers to help them compete in a growing global market.
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