Wheat Outlook

  • October 16, 2020 – Winter wheat sowing and emergence are running ahead of normal for the U.S. winter wheat crop. Drought conditions expanded this week and the precipitation forecast does not offer much relief. Texas cash wheat prices rose above $5 this week for the first time in over 2 years.
  • October 13, 2020 – The U.S. wheat stocks to use ratio for the 2020/21 marketing year decreased in the October WASDE on lower yields in 2020 and increased feed use. World wheat stocks to use increased on a higher production estimate from Russia and steady use.
  • October 2, 2020 – USDA lowered U.S. wheat production estimates in this week’s Small Grains Summary and the Grain Stocks report shows wheat stocks below last year and the 5-year average. This as La Nina continues to develop with the concern that raises for the 2021 winter wheat crop.
  • September 18, 2020 – The drought monitor for the Southern High Plains improved this week as the area under some classification of drought fell back under 50 percent. Other than rainfall associated with storms in the Gulf, the week ahead is expected to be mostly dry for much of the continental U.S.

 

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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