Wheat Outlook

  • July 18, 2025 – The 2025 winter wheat growing season is coming to a close with a better than average drought severity index reading and second highest yield. The projected spring wheat yield is second to the record set last year.
  • July 11, 2025 – The July WASDE revised the balance sheet for U.S. wheat: a 17 million bushel increase in supply and a 25 million bushel increase in use, lowering ending stocks by 8 million bushels. The average wheat yield increased from 51.6 bushels per acre to 52.6.
  • June 30, 2025 – Wheat acres planted were up 100,000 compared to March Intentions in today’s Acreage report. Acres harvested were revised down by 600,000. Wheat stocks were higher than the average trade guess and USDA’s most recent estimate.
  • June 24, 2025 – Recent trends in comparative stocks to use ratios for U.S. and world wheat are increasing for the U.S.and decreasing for world wheat. In the June WASDE, both got tighter.

 

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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