Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content...

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Wheat Market Overview Shawn Campbell Deputy Director USW-Portland

Transcript of Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content...

Page 1: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Wheat Market Overview

Shawn CampbellDeputy DirectorUSW-Portland

Page 2: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Columbia River Grain Exports (June-May)

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TMT

Other

Soybeans

Corn

Wheat

Page 3: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Pacific Wheat Export Sales 10/5/17

Export SalesHRW: 1.8 MMT (+2%)HRS: 2.9 MMT (+3%)SW: 2.9 MMT (+39%)Total: 7.7 MMT (+14%)

Page 4: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Pacific Wheat Export Sales 10/5/17North Asia

HRW: 0.9 MMT (+2%)HRS: 1.6 MMT (+16%)SW: 1.2 MMT (+60%)Total: 3.7 MMT (+23%)

Latin AmericaHRW: 0.3 MMT (-44%)HRS: 0.1 MMT (-8%)SW: 0.2 MMT (+81%)Total: 0.6 MMT (-21%)

South AsiaHRW: 0.6 MMT (+61%)HRS: 1.2 MMT (-10%)SW: 1.4 MMT (+20%)Total: 3.2 MMT (+11%)

Middle EastSW: 0.2 MMT (+43%)Total: 0.2 MMT (+43%)

Page 5: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Pacific Wheat Export Sales 10/5/17

Page 6: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Pacific Wheat Exports Over Time

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sand

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10 Year Trend+102.9 TMT per year

Page 7: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

U.S. Wheat Exports Over Time

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10 Year Trend-630.6 TMT per year

Page 8: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

U.S. Wheat Production and Area

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Production (TMT)

Area (1000 Acres)

Linear (Production (TMT))

Linear (Area (1000 Acres))

10 Year Trend-726.8 TMT per year

-1133.4 thousand acres per year

Page 9: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Pacific 5 State Production and Area

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Area (1000 Acres)

Linear (Production (TMT))

Linear (Area (1000 Acres))

10 Year Trend-22.0 TMT per year

-233.5 thousand acres per year

Page 10: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

10 Year Growth Trend Top 7 Exporters

Argentina+0.1 MMT

USA-0.6 MMT

Canada+0.5 MMT

Australia+0.8 MMT

EU+1.5 MMT

Ukraine+1.2 MMT

Russia+1.7 MMT

Page 11: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Why Pacific Exports Are Holding Up

Page 12: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Why Pacific Exports Are Holding Up

Page 13: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

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14

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9

Arge

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Fran

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Danu

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Hard

Red

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Aust

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(ASW

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PW)

Prot

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Cont

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Relative Exportable SurplusHa

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Cana

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PS &

CW

RW)

Kaza

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Aust

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(AH

& A

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)

Ukr

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Balti

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Russ

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Soft

Whi

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Soft

Red

Win

ter

Cana

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E &

CW

SWS)

Why Pacific Exports Are Holding Up

75% of U.S. Pacific wheat exports are on the outer edges

of the spectrum.

Page 14: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Why Pacific Exports Are Holding UpRaising wheat with

high quality and marketable value.

Market transparency and

education.

Technical training, troubleshooting,

and support.

Page 15: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Why Pacific Exports Are Holding UpDiscerning

customers with the income to get what

they want.

Cleaning wheat to a 0.3 percent

dockage level.

Chemical residue testing and strict

sanitary and phytosanitary restrictions.

Page 16: Wheat Market Overview · 2017-10-23 · Hard Red Spring Australia (ASW & APW) Protein Content Relative Exportable Surplus Hard Red Winter Canada (CPS & CWRW) Kazakhstan Australia

Questions?