wheat prices

The USDA made only minor changes to both the domestic and world wheat ballot sheets for June.  World Agricultural Outlook Board chair Mark Jekanowski said they got some new information regarding the American winter wheat crop.   “The changes were small, fairly negligible, so it doesn't really move the needle in terms of our overall U.S. wheat production ...

The USDA is expecting another global record wheat crop in the upcoming marketing year.  USDA World Agricultural Outlook Board Chair Mark Jekanowski said the current forecast for the new crop year is 808.5 million tons.  So, why the increase?   “A big rebound in pr...

Not a lot of changes to report in USDA’s April global wheat production forecast.  But, there was some activity of note in the world wheat supply and demand ledger.   “In particular, we reduced Chinas wheat imports by three million tons this month, which brings them down to only 3.5 million tons of feed exp...

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...