How to Understand and Utilize the U.S. Wheat Associates Price ReportMon, 08 Feb 2021 09:25:45 CST
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) wants to ensure our customers have access to unbiased price information well into the future as a guide to help them make timely buying decisions.
Every Friday afternoon, USW publishes a weekly Price Report 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. The report features export basis and export price estimates information seven months into the future, making it the only public source of U.S. wheat export prices available to buyers that features estimates so far ahead. To build the Price Report, USW surveys several grain trading companies—which each have slightly different export basis values—and takes an average of these values, by category, to calculate the final export price. This allows customers to see industry-wide movements in basis and price week-over-week.
The Price Report also includes current and forward futures prices by exchange, grain freight rates for the most commonly-traded vessel sizes and routes, select exchange rates, historic protein premium and basis charts and market highlights.
In the video below, USW Market Analyst Claire Hutchins shares a detailed review of the USW Price Report, how it is assembled and how to understand and utilize the data.
An open, transparent pricing system is essential to a functioning global market and USW wants its customers to have as much information and tools available to them when making wheat purchasing decisions. Buyers should contact their suppliers to obtain prices based on their specific requirements and contract terms.
View the latest USW Price Report here and subscribe here to receive the USW Price Report via email every Friday.
(pic courtesy of USwheat.org)
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