Wheat Outlook

  • January 17, 2020 – Wheat export sales commitments picked back up this week. The Commitment of Traders report shows spec funds adding to long positions. A wet week is forecast for the center of country, just east of the driest areas of Kansas, Eastern Colorado, and the Oklahoma Panhandle.
  • January 10, 2020 – minor changes were made to U.S. and world wheat fundamental balance sheets in the January World Agricultural Supply and Demand Estimates. But those changes resulted in slightly tighter stocks to use ratios.
  • December 20, 2019 – As we saw for corn and sorghum, wheat had a good export report this week. Some moisture is forecast for the driest areas of the Southern High Plains in the week ahead, but in most cases, it is relatively light.
  • December 13, 2019 – The December WASDE was bullish for U.S. wheat: supply down, use up, ending stocks down. However, world wheat ending stocks went up as a decrease in use offset a small decrease in production. The world 2019/2020 wheat crop is still projected to be an all-time record high.


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

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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