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Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
Supreme Flour World Wheat Presentation (December 2013)
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Supreme Flour World Wheat Presentation (December 2013)

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A presentation on the financial position of Wheat around the world (as of December 2013) …

A presentation on the financial position of Wheat around the world (as of December 2013)

Source: US Wheat Associates monthly supply and demand report, found on their website: http://www.uswheat.org

Published in: Technology, Business
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Transcript

  • 1. WORLD WHEAT Source: US Wheat Associates monthly supply and demand report, found on their website: http://www.uswheat.org/
  • 2. The World Wheat Market Year 11/12 12/13 13/14 Production 698 655 706 Consumption 697 679 703 Surplus (shortfall) 1 -24 3 0 2
  • 3. World Production and Use 0 3
  • 4. Supplies in Top Exporting Countries* *Includes U.S., Canada, Australia, Argentina, EU-27, Russia, Ukraine and Kazakhstan 0 4
  • 5. World wheat supply & demand Date Beginning stock Production Supply total 12/13 13/14 199 199 176 698 655 706 896 Supply 11/12 855 882 Trade Exports/imports 158 138 154 Demand Food & seed Feed & residual Use tool 550 543 564 147 136 139 697 679 703 199 176 178 Ending stocks 0 5
  • 6. Global Stocks* -to-Use Ratio *Ending stocks 0 6
  • 7. Global Ending Stocks and Price 0 7
  • 8. Black Sea Exports 0 8
  • 9. International Wheat Factors Record 2013/14 world wheat crop – increase of 7.8% from last season, +51 million tons. Approximately 20% of all wheat globally goes into the feed market and with the Chicago corn / wheat spread at US$2.30 / buschel - battle. In spite of problems in South America (frost in Brazil and smaller plantings in Argentina) – not bullish internationally (Canada and Australia – larger crops). New season Northern Hemisphere – US / Black Sea / EU plantings look good – start harvest in June 2014 0 9
  • 10. U.S. Situation 0 10
  • 11. Argentina Situation 0 11
  • 12. Canada Situation 0 12
  • 13. Supply & demand of wheat in South Africa (‘000 tons) Date 13/14* Opening stock 489 Production 1752 Imports 1600* Consumption 3040 Exports 280 Closing stock 521 0 13
  • 14. Local Wheat Drivers With small local crop, we will trade inland import parity Currently local wheat well priced versus imports (R / US$), +- R100 / ton at R10.20 / US$ Western Cape quality concern – at least 100 000 tons lost to feed (S&D) Still some unsold Black Sea wheat stored in silos / more coming in Dec / Jan 0 14
  • 15. Local Prices 2900 2850 2800 2750 2700 2650 0 15

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