201317.S. Wheat Export Outlook

摘要

North American wheat faces little competition from the Black Sea or Southern Hemisphere. Reduced wheat production in the Southern Hemisphere over the past six months suggests a strong export market for U.S. wheat over the next six months. With both Australia and Argentina harvesting short crops, U.S. wheat will face only light competition until Northern Hemisphere crops arrive in May-June. "The outlook is good for at least the next six months," says Steve Mercer, spokesman for U.S. Wheat Associates,which promotes U.S. wheat overseas. Even though U.S. wheat prices remain high, the lack of wheat from other sources makes American prices competitive. Australia and Argentina have little to export, and Russia is not a big exporter this year, either. Lastfall, Ukraine even considered a formal suspension of wheat exports in order to conserve its short supply.