wheat prices

The USDA’s monthly wheat outlook shows an expected jump in export forecasts because of weaker exports from Russia and the European Union.  Wheat shipments will total 850 million bushels in the 2024-2025 marketing year that ends on May 31st.  That’s up fro...

U.S. wheat production for the 2024-2025 marketing year is estimated at 1.971 billion bushels, up 9% year-over-year and the highest level since 2016-2017.  The USDA said this stands in contrast to a long-term downward trend in U.S. wheat production that resulted in declining acreage as farmers switched to other crops like corn and soybeans.     ...

Wheat growers across Europe have dealt with some unpleasant weather this year, and because of that, the USDA has lowed its projections for EU wheat production.  But despite that drop, :"when you add it all up across all of the major producers, we're looking at record large global production,” noted USDA Outlook chairman Mark Jekanowski.  He added that...

The USDA is out with it’s latest world wheat outlook, and Russia and Australia made most of the noise.   “Australia's production we raised that 1.4 million tons to 38 million tons the current forecast would be the third consecutive record large crop in Australia.  With Russia th...

Nearly every year for the past century, or so, U.S. wheat growers have gradually reduced wheat plantings.  For example, growers cut plantings this past year by about a million acres but, perhaps that trend is turning around for 2023.   “...

Looking back on 2022, there were many challenges for wheat growers.  While weather threw growers a few curveballs throughout the year, one of, if not the biggest challenge was input costs.  USDA numbers show fuel and fertilizer prices increased by roughly 50% this year, with that rate being much higher in early 2022.  And Britany Hurst...

On Thursday, a resumption of grain shipments from Ukrainian Black Sea ports, after Russia rejoined an international agreement allowing safe passage of Ukraine cargo ships.  That announcement came after days of uncertainty after Vladimir Puttin’s government temporarily withdrew from the original agreement.  USDA chief ec...

The world needs wheat, especially in with Russia's invasion of Ukraine ongoing.  But, it looks like global production is going in the wrong direction, and will fall below expectations in the year ahead. Outlook Board Chairman Mark Jekanowski said global production will come in at a bit more than 771.5 mi...

"Lower". The word of note in USDA's outlook of global wheat supply and demand for June. World Agricultural Outlook Board Chair Mark Jekanowski says the primary factor behind a 1.4 billion ton decrease in worldwide production was a lower forecast for India ...

USDA is forecasting production of all wheat for this upcoming marketing year to be up from this past season but only by 83 million bushels, at a bit over 1.7 billion. Wheat growers planted almost 47.5 million acres, but the Midwest drought has been relentless, and USDA now projects growers will only get a crop off of maybe 37 million ...