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WELCOME

Study Shows Agricultural Export Promotion Investment is an International Priority,

June 12
U.S. farmers and ranchers are competing in a very active international agri-food trade environment with many countries that invest significant public and private funds through a variety of programs to develop markets and promote their products. That is a primary conclusion of a major study just completed on behalf of several U.S. agri-food export market development organizations by Agralytica Consulting, Alexandria, Va. “This is the first study to take an in-depth look at both competing export market development programs as well as the source and amount of funding,” said Shannon Schlecht, USW vice president of policy.

Latest Harvest Report: HRW Harvest in Full Swing from Texas to Kansas Line

June 14
2013 HRW harvest is in full swing from north Texas to the Kansas state line. While test weight and protein are very good in the early samples, shrunken kernels and small kernels are prevalent, likely reflecting the drought and freeze conditions widely affecting the crop.Producers and elevator managers have reported yields averaging from 15 bu./ac to 25 bu./ac (1.0 to 1.7 tons/ha). Test weights are averaging from 58 lb to 60 lb/bu (76.4 – 78.9 kg/hl). Early individual location have reported protein ranging from 10% to over 17%, but have generally averaged between 13% and 14%.

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NEWS & EVENTS

Latest Information on APHIS Investigation and Export Market Responses

June 7
USW continues to get new information about overseas market reactions to the USDA investigation into the discovery of a glyphosate-resistance trait in volunteer wheat. Wheat growers are awaiting more information from USDA, which clearly stated last week that there is evidence suggesting this is an isolated situation and that there is no health risk associated with the identified biotechology trait.

Ecuador Trade Team Visit Focuses on U.S. Wheat Competitive Advantages

June 12
In the past year, USW has turned an ongoing relationship with flour millers in Ecuador into increased sales. This summer, USW will further foster greater demand in Ecuador by bringing a team of experienced Ecuadoran wheat buyers to the United States June 16 to 22 to learn more about the advantages of U.S. wheat and the export supply system.

WHAT WE DO

Latest Wheat Letter

June 13
In the latest edition of Wheat Letter: read about the confirmation of no GM wheat in commercial supplies and other facts, how USDA updated WASDE numbers this month, advice for Russia on potential market interventions, the results of a study on ag export promotion investment internationally, information on the Korean and Ecuadorian trade teams and other wheat industry happenings.

Price Report for June 14

June 14
All three wheat futures closed lower this week due to harvest pressure and reports of larger crops in the U.S. and Australia, the top two wheat exporters. U.S. winter wheat harvest began last week, weighing on markets. A sharp drop in corn value mid-week also added pressure to wheat markets. The KCBT July saw the largest loss of the three nearby wheat contracts, down 27 cents to $7.12/bu.

DAILY FUTURES PRICES

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