Wheat Outlook

  • April 21, 2017 – U.S. wheat crop conditions improved again this week and July 2017 futures traded at life of contract lows today.
  • April 12, 2017 – Supply and demand changes for world and U.S. wheat were small in the April WASDE but both showed increased ending stocks.
  • March 31, 2017 – All wheat acres projected at 46.1 million for 2017, down from 50.2 million in 2016. Winter -3.4 million, spring -300,000, durum -400,000.
  • March 27, 2017 – Rain forecast for many of the driest hard red winter wheat production areas this week, putting downward pressure on prices.

 

Mark Welch
Texas A&M AgriLife Extension Economist

600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu

The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service.  Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter.  Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.  The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating

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