u.s. hrs production - wheat · top importers of u.s. hrs five-year average (2012/13 – 2016/17)...

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U.S. HRS PRODUCTION 0 184 367 551 735 0 5 10 15 20 Million Bushels Source: USDA April 2018 Xldata/both/S&D prod, consump, carryover Million Tons

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U.S. HRS PRODUCTION

0

184

367

551

735

0

5

10

15

20

Million Bushels

Source: USDA April 2018Xldata/both/S&D prod, consump, carryover

Million Tons

U.S. HRS DOMESTIC USE

0

184

367

551

0

5

10

15

03-0

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04-0

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05-0

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06-0

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09-

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14-1

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16-1

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Proj

17-

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Million Bushels

Source: USDA April 2018Xldata/both/S&D prod, consump, carryover

Million Tons

U.S. HRS EXPORTS

00

5

10

15

03-0

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04-0

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05-0

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Proj

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Million Bushels

Source: USDA April 2018Xldata/both/S&D prod, consump, carryover

Million Tons

U.S. HRS STOCKS

0

184

367

551

0

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10

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Proj

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Million Bushels

Source: USDA April 2018Xldata/both/S&D prod, consump, carryover

Million Tons

U.S. SPRING WHEAT PRODUCTION

Planted Harvested Yield Production

2006 14.9 13.9 33.2 461

2007 13.3 12.9 37.0 479

2008 14.1 13.5 40.5 548

2009 13.3 13.0 45.1 584

2010 13.7 13.4 46.1 616

2011 12.4 12.1 37.7 455

2012 12.3 12.1 45.0 542

2013 11.6 11.3 47.1 533

2014 13.0 12.7 46.7 595

2015 13.4 13.1 46.2 603

2016 11.6 11.3 47.2 532

2017 11.0 10.2 41.0 416

5 Yr Avg 12.4 12.1 46.4 561

10 Yr Avg 12.9 12.5 43.9 549

Source: USDA Nov 2017Includes all spring wheat xldata/HRS acres

Acres-Bushels

U.S. SPRING WHEAT PLANTINGS & PRODUCTION

0

130

260

390

520

650

0

4

8

12

16

20

06 07 08 09 10 11 12 13 14 15 16 17

Planted Harvested Production

Source: USDA Nov 2017Xldata/HRS/Acres

* Typically includes 30-60 million bushels of white spring wheat.

Million Acres Million Bushels

U.S. HARD RED SPRING SUPPLY & DEMAND Million Bushels

12-13 13-14 14-15 15-16 16-17 Proj17-18

Change

BegStocks

151 165 169 212 272 235 -14%

Production 503 491 556 568 491 385 -22%Imports 43 77 66 48 42 74 +76%Tot Supply 697 733 791 828 805 694 -14%Dom Use 301 318 306 304 249 269 +8%Exports 232 246 270 252 321 235 -27%Tot Use 533 564 576 556 570 504 -12%End Stocks

165 169 212 272 235 190 -19%

S/U Ratio 31% 30% 37% 49% 41% 38%

Source: USDA April 2018Xldata/HRS/S&D

U.S. SPRING WHEAT PLANTINGS BY STATE

Million Hectares

Source: USDA Prospective Plantings

0.0

1.0

2.0

3.0

0.0

2.5

4.9

7.4

North Dakota Montana South Dakota Minnesota

14 15 16 17 18

Million Acres

U.S. SPRING WHEAT PRODUCTION BY STATE

0

110

220

331

441

0

3

6

9

12

North Dakota Montana South Dakota Minnesota

Million Tons 13 14 15 16 17 Million Bushels

Source: USDA Small Grains Summary

EXPORT PACE – U.S. HRS WHEAT(Shipment and sales as of April 5, 2018)

0.0

73.5

147.0

220.4

293.9

367.4

0

2

4

6

8

10

Total Europe Asia Africa LatinAmerica

16-17 17-18Million Tons Million Bushels

4/10/18

COMPARATIVE U.S. WHEAT PROTEIN12% Moisture Basis

10

11

12

13

14

15

16

17

97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

HRS Wheat Current 5 Yr Avg

HRW Wheat Current Five Yr Avg

Protein Content

10/17/1616 17

COMPARATIVE U.S. WHEAT PROTEIN12% Moisture Basis

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17

U.S. HRS Curent 5 Yr Avg CWRS Current Five Yr Avg

Protein Content

10/17/16

TOP IMPORTERS OF U.S. HRS IN MARKETING YEAR 2016-17

0.0

0.4

0.7

1.1

1.4

1.8

0

13

26

39

52

65

Million Bushels Million Ton

USDA Export InspectionsXldata/Both/Exports/Top 10 & 5 yr avg

TOP IMPORTERS OF U.S. HRS FIVE-YEAR AVERAGE (2012/13 – 2016/17)

0.0

0.3

0.5

0.8

1.1

1.4

0

10

20

30

40

50

Million Bushels Million Ton

USDA Export InspectionsXldata/Both/Exports/Top 10 & 5 yr avg

EXPORT TRENDS – BY REGIONU.S. Hard Red Spring Wheat

0.0

1.0

2.0

2.9

3.9

4.9

5.9

0

36

72

108

144

180

216

Europe Africa/MidEast

C. & S.America

Asia

12/1313/1414/1515/1616-17

Million Bushels Million Tons

EXPORT TRENDS – ASIAU.S. Hard Red Spring Wheat

0.0

0.3

0.5

0.8

1.1

1.4

1.6

1.9

0

10

20

30

40

50

60

70

Philippines Japan Korea Taiwan

12/1313/1414/1515/1616-17

Million Bushels Million Tons

EXPORT TRENDS – EUROPEU.S. Hard Red Spring Wheat

0.0

0.2

0.4

0.6

0

7

14

21

Italy Spain UK Belgium

12/1313/1414/1515/1616-17

Million Bushels Million Tons

EXPORT TRENDS – C. & S. AMERICAU.S. Hard Red Spring Wheat

0.0

0.2

0.4

0.6

0

7

14

21

Venezuela Dom. Rep. Colombia El Salvador Mexico

12/1313/1414/1515/1616-17

Million Bushels Million Tons

EXPORT TRENDS – AFRICA/MID EASTU.S. Hard Red Spring Wheat

-0.03

0.02

0.07

0.12

0.17

0.22

0.27

0

2

4

6

8

10

Ghana Nigeria Mozambique Egypt

12/1313/1414/1515/1616-17

Million Bushels Million Tons