Wheat Outlook

  • April 16, 2019 – US winter wheat condition reports continue to show a crop in better than average condition while spring wheat plantings are well below normal. Though revised lower in the April WASDE, wheat exports are on pace to reach USDA’s marketing year target. Mexico is again the #1 buyer.
  • April 9, 2019 – Both U.S. and world wheat ending stocks were higher in the April World Agricultural Supply and Demand Estimates released today. Speculative traders continue to be heavily weighted on the short side of the corn, soybean, and wheat markets.
  • March 29, 2019 – Wheat prices were lower today. Planting intentions for 2019 were 1.2 million acres below traders’ pre-report expectations but wheat stocks came in 48 million bushels higher than anticipated. If these numbers hold, wheat acres this year will be the lowest in a hundred years.
  • March 25, 2019 – Winter wheat globally is mostly in favorable condition and drought conditions receded again last week for the Southern High Plains. Spec traders were still net short corn, wheat, and soybeans in the March 19 CFTC report but by smaller amounts.

 

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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