• March 13, 2025 – U.S. wheat ending stocks were revised higher in the March World Agricultural Supply and Demand Estimates. USDA raised estimated imports by 10 million bushels and lowered the export projection by 15 million bushels.

• March 7, 2025 – The outlook for U.S. wheat in the 2025/26 marketing year is little changed from the 2024/25 crop as presented at the Agricultural Outlook Forum last week. Included in today’s report are details related to this week’s developments on tariffs and trade.

• February 21, 2025 – Only minor changes to the supply and demand tables for U.S. and world wheat in the February WASDE. World wheat production was up (20 mil bu) on small increases in Argentina and Kazakhstan. Use was up by 67 million bushels. These combined to lower world wheat ending stocks.

• February 7, 2025 – The GEOGLAM Crop Monitor for wheat shows areas of concern across Europe. Ukraine and Russia have not only been dry but also unseasonably warm, raising the potential for late-season freeze damage.

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}