U.S. Wheat Associates – Harvest Report

Hard Red Winter

The 2018/19 HRW harvest is underway in Texas and southern Oklahoma. Harvest should start
moving north this weekend, depending on weather, with samples arriving soon after. Dry to
severe drought conditions in the Southern Plains are expected to spur a fairly rapid harvest
pace through early July. Yield potential is better north of the Nebraska/Kansas border and in
East-Central and Northeast Colorado. Overall, a significant amount of old crop HRW remains in
storage, although farmer selling has increased recently. Buyers can anticipate at least
somewhat higher protein levels in what is expected to be an even smaller HRW crop for
2018/19. USDA estimates HRW planted area at 23.2 million acres and forecasts total HRW
production at 17.6 MMT or about 647 million bushels, which would be the lowest production
since 2006/07. The industry anticipates the first HRW data will be available in mid-June.

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