Wheat Outlook

  • February 19, 2021 – Wheat supply and demand projections from today’s USDA Outlook Conference show smaller ending stocks for the 2021/2022 crop year. The largest contributor to that decline was the lower level of carryover from 2020; production in 2021 little changed.
  • February 12, 2021 – The only change to the U.S. supply and demand balance sheet for wheat in the February WASDE was to the season average farm price, up 15 cents to $5.00. Estimated world ending stocks of wheat got smaller on increased wheat consumption in China and India.
  • February 5, 2021 – Texas wheat condition ratings improved this week while drought conditions held steady. Little moisture but bitterly cold temperatures are in the forecast for the upcoming week across the Southern High Plains. Export sales reported were above the pace needed to reach the target.
  • January 29, 2021 – This week’s drought monitor shows some lessening of drought severity in the Southern High Plains. Updated wheat condition ratings show a decline in the Kansas wheat crop index. The crop index for Texas wheat is lower compared to last November, but about average for late January.

 

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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