At Kpler, we are committed to providing our users with the most accurate and detailed data to empower your market analysis and decision-making processes. As part of this commitment, we are excited to introduce a significant update to our Grains commodity tree, specifically focusing on improving the granularity of wheat classifications.
What's New?
Effective January 29th, we have made enhancements to our wheat grade categories to better reflect wheat quality and specificity, for all wheat origins. The new classifications include:
Durum Wheat
Hard Wheat* (further classified into Red Spring, Red Winter, and White Wheat)
Soft Wheat* (further classified into Red Winter and White Wheat)
Feed Wheat
This update provides a more nuanced understanding of the wheat market, enabling deeper and more precise analysis.
*Kpler covers all types of hard and soft wheat from all regions. The specified sub-grades are additional varieties specifically available in the U.S.
Understanding the Classifications
Durum Wheat: Distinct grade with specific uses.
Hard Wheat: Defined by a protein content of ~12% or higher, ideal for rising applications.
Soft Wheat: Defined by a protein content below ~12%, suitable for softer, non-rising applications.
Feed Wheat: Low-quality wheat primarily used for animal feed.
Please note: While "Soft Wheat" or "Common Wheat" is sometimes used to refer to all non-durum wheat, Kpler defines "Soft Wheat" as a distinct grade.
Detailed Breakdown of the New Categories:
See below for a detailed breakdown of the new tree:
Effective Date:
Please note that these enhancements will be effective starting January 29th.
We encourage all users to familiarize themselves with the new categories to maximize the benefits of the updated data in their market analyses.
How Can This Update Benefit You?
The new wheat classifications offer:
Enhanced Granularity: A detailed layer of analysis for targeted market assessments, forecasting, and strategy development.
Improved Queries: Users can now easily distinguish non-durum wheat (Hard + Soft + Feed Wheat).
Precise Insights: Greater clarity in analyzing export and consumption patterns, such as differences in Hard vs. Soft Wheat demand across regions like Africa.
Support for Market Analysis: The segmentation aligns with key wheat characteristics like protein content, which significantly influences end-use, price, and trade dynamics. For example:
High-protein wheat is used in rising applications like bread baking.
Low-protein wheat is suitable for feed or non-rising applications like biscuits.
With these new classifications, users can expect a more detailed layer of analysis, allowing for more targeted market assessments and forecasting. Whether you are analyzing supply-demand dynamics, price trends, or preparing market reports, these new categories will provide a more refined data set to support your conclusions and strategies.
Support and Questions:
We understand that updates can bring questions. If you need more information or assistance in navigating the updated wheat categories, please do not hesitate to contact us at dry@kpler.com.
Our team is here to ensure you have all the necessary tools and information to make the most of these enhancements.