USDA raised its outlook for global wheat production by 1.1% in its December WASDE report. The increase was thanks in part to gains in several major growing countries like Canada, Australia, and Russia
USDA forecasts for increased wheat yield and production play a role in both larger ending stock numbers and a lower season ending average price estimate.
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’s June Crop Production forecast is out. What does it say about the winter wheat crop?
Thursday's report shows a slight upward tick in winter wheat production in May and a 2% year-over-year increase, if realized, the largest crop production since 2016. While forecasted yield ...
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...
Back in the 1980s and 1990s, for Russia to feed its people, they had to purchase a large amount of U.S. grain, particularly wheat. However, a lot has changed over the past 30 years.
“Russia has emerged over the past few decades to be the dominant global supplier of wheat," noted USDA Outlook chairman Mark Jekanowski. He added roughly 25% of...
One University of Idaho professor says the wheat production picture globally is very concerning.
Dr. Juliet Marshall said most are aware of the impact the war in Ukraine is having on not only getting grain in storage to markets in need, but also on planting this season...
"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
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Some potential good news for U.S. wheat growers.
"After five years of wheat supplies exceeding demand, we've hit a year where the opposite is now true on a global level."
And that, according to USDA Chief Economist Seth Meyer, is a recipe for decent prices for wheat
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