Why the Global Role for U.S. Wheat is Changing

U.S. Soft Red Winter wheat (SRW) production hit near record lows in 2019 after experiencing year-over-year declines in planted and harvested acreage since the 2013/14 marketing year. Continued and sustained poor weather conditions in SRW’s predominant growing region of Illinois, Indiana, Ohio and Michigan have contributed to significant supply side concerns for the crop. In contrast, the production of U.S. Hard Red Winter wheat (HRW) has remained relatively steady even with decreasing acreage.