Wheat Outlook

  • October 12, 2018 – The revisions were small to U.S. supply and demand balance sheets for wheat in the October WASDE. Stocks to use increased slightly for the U.S., down slightly for world wheat. The drought situation in the Southern Plains continues to improve.
  • October 5, 2018 – Wheat crop conditions are mixed in the Southern Hemisphere as the crop moves from vegetative to heading and grain fill. Argentina’s crop conditions are mostly favorable while Australia has exceptionally good conditions in the west and much poorer conditions in the east.
  • September 28, 2018 – The Grain Stocks report came in today about as expected for wheat. The acres in the Small Grains Summary were unchanged from the Sep WASDE; the yield adjustment only added 7 million bushels to the 2018 crop. The drought situation in the Southern Plains continues to improve.
  • September 21, 2018 – Winter wheat is progressing in the Southern Plains under steadily improving weather conditions. Wheat exports continue to lag the pace needed to reach USDA’s marketing year target. In the Commitment of Traders report, corn went net short for the first time since 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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