Relative to demand, global wheat supplies among major exporters in 2023-24 are seen at the lightest levels since 2007-08, nearly identical to the year-ago outlook that contributed to high wheat prices.

The U.S. is resorting to purchases of European wheat after a drought upended crop markets, pushing local prices higher.

While innovating new products for members of the youthful “Snackification Generation,” U.S. Wheat Associates (USW) has simultaneously been working to develop and promote specialty wheat foods designed for Earth’s more experienced generation. The world’s older folks if you will.

Export prices of Russian wheat fell again last week as the world market eased due to good supply and an extension of the Black Sea grain deal, as well as local expectations of a cut in export duty, analysts said. The deal to allow Ukraine to export its grain safely across the Black Sea was extended last week for two months.

Ukraine accused Russia on Tuesday of effectively cutting the Ukrainian port of Pivdennyi out of a deal allowing safe Black Sea grain exports as Russia complained that it had been unable to export ammonia via a pipeline to Pivdennyi under the pact.

The U.S. Wheat Associates (USW) Seoul, South Korea, office commemorated its 50th year of service May 15, 2023, with honored guests from the flour milling, baking, and logistics industries, U.S. government officials, U.S. wheat farmer leaders and colleagues.

Join NAWG’s advocacy campaign to engage with legislators on increasing Market Access Program (MAP) and Foreign Market Development (FMD) programs authorized in the Farm Bill.