Wheat Outlook

  • February 12, 2019 – U.S. wheat ending stocks were revised upwards in the much awaited February WASDE. The global wheat situation was little changed with a 2 mmt increase in use overtaking a 1.4 mmt increase in supply.
  • February 1, 2019 – We are able to add some delayed market information to this week’s newsletter: grain export sales for 12/20 and commitment of traders. The much anticipated Crop Production, WASDE, Grain Stocks and Wheat Seedings are due out next Friday.
  • January 25, 2019 – The Drought Monitor continues to show favorable conditions over most of the Southern High Plains. The current El Nino pattern is forecast to hold through this spring and summer.
  • January 18, 2019 – With the lapse in federal funding at USDA, market information is limited. The drought monitor shows no major drought conditions for the Southern High Plains and July KC wheat futures are generally following seasonal tendencies.

 

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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