By Claire Hutchins, USW Market Analyst
Navigating U.S. export markets and making purchasing decisions is a complicated, risk-involved process, especially when wheat customers have so many options for sourcing their supplies. As representatives of the U.S. wheat industry, U.S. Wheat Associates (USW) recognizes it has a social contract to ensure our customers have access to accurate, unbiased price information to help them make timely buying decisions.
One of the ways USW has done that over many decades is by publishing a weekly Price Report on Friday afternoon that gives the world’s buyers an independently derived baseline of export prices for U.S. wheat by class, protein level, export region and delivery month. This report provides an independent assessment of weekly export prices across a broad segmentation of the U.S. wheat sector and delivers independent estimates of export basis and export prices based on industry surveys.
USW recently launched new Price Charting Tools based on Price Report data to help overseas customers visualize current and historic U.S. wheat FOB prices and export basis values by export region, class, protein level and date. The Price Charting Tools, found on the USW website, also feature wheat futures prices by date and grain exchange. Customers can also chart FOB and basis spreads between different classes, protein levels and export regions.
“The new charting tools are valuable resources for overseas buyers to view historical price trends of four of the six wheat classes produced in the United States,” says Mike Spier, USW Vice President of Overseas Operations. “USW’s new charting tools will give buyers valuable insight by showing them how past changes in the U.S. and world wheat supply and demand situation influenced U.S. wheat prices.”
These new graphing tools link users to the most detailed, public database of historic U.S. wheat FOB and export basis levels.
“Not only can users look back at historical market behavior as one clue toward looking to and anticipating future action, but they can also look at a breadth of historical value relationships including intra wheat class relationships and winter wheat class protein level spreads,” says USW President Vince Peterson. “This is one exceptional tool for wheat buyers that are trying to analyze and select the value proposition best offered and delivered by the various U.S. wheat classes.”
To access USW’s new Price Charting Tools directly, click here. To access the Price Charting Tools from anywhere on the USW website, click “Price Charting Tools” under the Market and Crop Information menu at the top of the page. For more information on the USW Price Report, click here.