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First USW Harvest Report of Year

May 18
For HRW: Combines are now running with cutting as far north as central Oklahoma. Harvest is expected to cross the border into southern Kansas by early next week if weather permits. The first 17 samples from north Texas and southwest Oklahoma were delivered to the ARS Wheat Quality Lab for evaluation and to FGIS for grading late this week. Test weights have been impressive considering the heat that occurred prior to wheat being physiologically mature. Proteins reported by elevator managers are wide ranging. For SRW: Harvesting has just begun this week in southern Arkansas, several weeks ahead of the normal paceg. Sampling will be done in: Arkansas, Missouri, Kentucky, Illinois, Indiana, Ohio, North Carolina, Virginia and Maryland.

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Wheat Growers Celebrate USDA’s 150th Anniversary

May 15
The U.S. wheat industry congratulates the U.S. Department of Agriculture (USDA) as it celebrates its 150th anniversary on Tuesday. “From its support for research and export market development to inspecting our food and helping maintain a safety net for farmers, USDA has had a positive and lasting impact on the wheat industry, American agriculture and the lives of every American,” said Randy Suess, a wheat farmer from Colfax, WA, and USW chairman. In this anniversary year, the wheat industry encourages farmers and consumers to learn more about USDA’s contributions to the strength of our nation, and to see how the agency can continue to partner with Americans working to provide a better life for their families.

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NEWS & EVENTS
U.S. Wheat Associates

U.S. Wheat Industry Hails U.S.-Colombia FTA Implementation

May 15
In a huge victory for U.S. wheat farmers, the United States and Colombia officially implemented on Tuesday a free trade agreement (FTA) first signed in 2006. The pact immediately eliminates all tariffs on U.S. wheat imports to Colombia and ends a significant tariff disadvantage U.S. farmers have faced compared to Canadian and Argentine wheat imports there. Randy Suess, a wheat farmer from Colfax, WA, and chairman of U.S. Wheat Associates (USW) said, “The tariff situation has basically forced our largest customer, historically, in South America to buy more wheat from Canada and Argentina. Now our customers in Colombia will not have to pay the tariff and we can compete equally on the basis of quality, supply and service.”

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Proposed Changes to U.S. Grain Standards

May 7
USDA’s Federal Grain Inspection Service (FGIS) proposed changes to the U.S. Grain Standards, specifically to the definitions of “Contrasting Classes” and “Shrunken and Broken Kernels in a Federal Register announcement April 11, 2012. USW and other industry stakeholders submitted comments on the standards during FGIS’s periodic review beginning in November 2009. The proposed changes affect hard white (HW) standards related to contrasting classes and to standards for shrunken and broken kernels.

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WHAT WE DO
U.S. Wheat Associates

Read Wheat Letter

May 10
In the latest edition of Wheat Letter: read about the HRW Crop Quality Tour projections, wheat crop progress, WASDE’s first look at 2012/13, a reflection on the importance of trade, IFIC’s latest survey related to consumers’ perceptions of biotechnology, the Japanese Milling Executives tour and other wheat industry happenings.

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Price Report: Futures Rise Sharply on Dry Weather Concerns

May 18
Wheat futures rose sharply higher this week due to dry weather around the globe decreasing world wheat production and and the expiration of the May contracts. There have been reports of dry weather in the US Southern Plains, Eastern Europe, Ukraine, southern Russia, and Australia. As well farmers are expected to plant less wheat than earlier expected in Argentina. The CBOT closed up 102 cents on the week at $6.95 per bushel. KCBT closed up 104 cents on the week at $7.05 per bushel. The MGEX closed up 48 cents on the week at $7.89 per bushel.

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DAILY FUTURES PRICES
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