Wheat Outlook

  • December 7, 2018 – Wheat prices were up sharply today with a favorable export sales report. The latest global crop condition monitor shows some areas of concern for both end of season 2018 wheat and new crop 2019.
  • November 30, 2018 – Winter wheat conditions are mostly favorable heading into dormancy and 94 percent of the Southern High Plains Climate Hub is drought free this week. All wheat export sales are still lagging the normal pace of commitments at the halfway point of the marketing year.
  • November 10, 2018 – The only change to the U.S. supply and demand balance sheet for U.S. wheat in this month’s World Agricultural Supply and Demand Estimates reflects improved planting conditions and better prices: wheat for seed was up 7 million bushels.
  • November 2, 2018 – The planting pace of next year’s wheat crop is running behind normal, notably in the top wheat producing region, the Southern High Plains. Better moisture conditions and better prices should still support an increase in wheat acres next year.

 

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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