Wheat Outlook

  • August 19, 2019 – Supply and demand numbers were little changed for wheat in last week’s WASDE, but prices got caught in the downdraft of corn and financial markets.
  • August 2, 2019 – US winter wheat harvest is nearing completion with the crop in the Southern Plains expected to be about 33 percent larger than last year’s harvest. Climate models continue to forecast the end of the current El Nino cycle this month and a return to La Nina conditions this winter.
  • July 26, 2019 – Winter wheat harvest is progressing, albeit at a slower than normal pace. Good yields point to the biggest crop in three years despite record low planted acres. The spring wheat condition index was up this week. With no help from other grain markets, wheat prices were lower.
  • July 19, 2019 – U.S. winter wheat harvest is progressing with near record yields. U.S. spring wheat conditions are about normal. Some areas of concern in global wheat production are Russia and Australia where USDA last month cut export estimates.

 

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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