Wheat Outlook

  • October 14, 2021 – Tighter ending stocks for U.S. wheat were reported in the September WASDE, incorporating information released in the Small Grains Summary on September 30. Harvested acres and yield were both down resulting in the smallest wheat crop since 2002.
  • October 8, 2021 – Wheat prices took another leg up at the end of September. The Small Grains Summary showed yield and production numbers below previous estimates. The Grain Stocks report showed the smallest September 1 inventory of wheat since 2007.
  • September 24, 2021 – Winter wheat planting is progressing at about an average pace: 21 percent sown as of September 19; 18 percent average. Prices and the drought map are much improved over last year at this time, though moisture would help with germination and stand development in many areas.
  • September 17, 2021 – Winter wheat planting is getting underway with prices and moisture conditions much better than a year ago. All wheat export sales, however, are running a little short of where they would normally be at this time.

 

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