U.S. wheat growers and marketers continue to face a very challenging exporting environment.  USDA Outlook Board Chair Seth Meyer said other wheat-growing countries keep pushing their wheat exports at prices lower than the U.S. price.

"Early on, the Russians exporting a fair amount, and now the Europeans coming on and exporting a fair amount, Canadian supplies and the ability of the Canadians to export. And so, overall, I think that's a theme that's been running for the last several months."
Plus, lately the U.S. dollar against other currencies has been gaining strength.
"And that makes, again, when you talk about price competition, that makes it that much more difficult."
And that makes American goods more expensive for foreign buyers.  So, USDA has just cut its forecast for U.S. wheat exports by 35 million bushels; shipments would still be 65-million higher than season though.  USDA adding 45 million bushels to its ending-stocks forecast, but stocks could still end up smaller than last year.​

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com

More From PNW Ag Network